It's Wednesday, November 8th, my name is Kiana Danial, CEO of Invest Diva, and here is your forex market report. Bank of Canada Governor Stephen Poloz defended the use of inflation targets on Tuesday and said that policymakers will be cautious about future interest rate moves even as encouraging signs of wage growth show up. On the economic calendar today we have Japan's Leading Index CI (SEP P) at 5 AM GMT, followed by the MBA Mortgage Applications out of the US at 12 PM. Canada's Housing Starts (OCT) and Building Permits (SEP) will be up next at 1:15 and 1:30 PM respectively. Finally, during the next day's Asian session, we have the all-important RBNZ Official Cash Rate at 8 PM GMT. Market participants expect the cash rates to remain unchanged at 1.75%. Finance Minister Grant Robertson mentioned yesterday that there are no plans to include Kiwi's levels in RBNZ's new mandates, but there still could be some surprises. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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