Headlines the Economic Calendar on Tuesday

Headlines the Economic Calendar on Tuesday

1.German Ifo Business Climate

German IFO Business Climate Index will be published today. The index based on a survey of manufacturers, builders, wholesalers and retailers and it measures expectations of German Economic Activity for the next six months. The Index is expected to ease to 101.8 from 102.0 a month ago. A lower than expected reading should be taken as negative for the EURUSD.

2. US Housing Data

US Housing Starts will be announced and it is a critical indicator of economic strength in the US. The market expects housing starts to ease to 1.225 mln from 1.228 mln.

US Building Permits as another key indicator of demand in the housing market measure the change in the number of new building permits issued by the government. It is expected to come out at 1.259 mln in November.