Forex Traders Focus on U.S. Data Due Wednesday

If there are no weather related delays on Wednesday Forex traders will have plenty of U.S. data to review. At 8:30 AM ET U.S housing starts for January are expected to be 1050K vs 1089K. Building permits for January are expected to come in at 1060K vs 1032K. Also at 8:30 AM PPI for January will be released, estimates are for decline of -0.4% vs -0.3%. Core PPI for January is expected to be 0.2% vs 0.3%. At 9:15 AM ET industrial production for January will be released with estimates for a slight rise of 0.1% vs -0.1%. Capacity utilization for January is expected to be unchanged at 79.7% vs 79.7%. Finally at 2:00 PM ET the FOMC minutes from 1/28 will be released.