US housing starts and building permits to be released at the bottom of the hour

<p>The economic calendar is fairly light today with US housing starts and building permits to be released at the bottom of the hour. At 10:30 AM, the weekly oil inventory data will be released. The U.S. Treasury will auction off 20-year bonds at 1 PM ET:</p><ul><li>housing starts are expected at 1.480M versus 1.631M last month. Recall from last month the number was much higher than expectations (+21.7% MoM)</li><li>building permits are expected at 1.490M versus 1.496M last month. They rose 5.6% last month</li></ul><p>At 10:30 AM ET:</p><ul><li>crude oil inventories are expected to show a draw of -2.44M</li><li>gasoline inventories are expected to show a draw of -1.577M</li><li>distillates are expected a build of 0.460M</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.