Litecoin Rallies One Week After its Adoption by South Korean Exchange [Video]
|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.
For more from Invest Diva, click here
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.