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Economic Calendar: 09 To 13 January 2017 (Week 2)

Monday 9 Jan, 11:00 - EUR
Unemployment (Italy)
The National Institute of Statistics publishes the unemployment rate. This is the number of unemployed workers, divided by the total civilian labour force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labour market.

Tuesday 10 Jan, 15:30 - CAD
Building Permits (MoM) 
This figure is the number of new residential building permits issued during the previous month. An increasing figure represents an increase in future construction activity, which can be an indicator of good economic performance.

Wednesday 11 Jan, 15:15 - CAD
Housing Starts s.a (YoY)
The Housing Starts released by the Canadian Mortgage and Housing Corporation captures how many new single-family homes or buildings were constructed. A high reading is seen as positive (or bullish) for the CAD, while a low reading is seen as negative (or bearish).

Thursday 12 Jan, 15:30 - USD
Initial Jobless Claims 
This figure measures the number of individuals who filed for unemployment insurance for the first time during the previous week. A higher than expected figure has a negative impact on the USD, while a lower than expected figure will have a positive impact on the USD.

Friday 13 Jan, 15:30 - USD
Retail Sales (MoM)
The Retail Sales, released by the US Census Bureau, is the average sales made through a business location in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. A high reading is positive for the USD, while a low reading is negative.