PROVEN RESULTS

What is it? It checks the change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.

Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.

When? October 29th at 10:30am Eastern Time.

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

Daily Market Review - 28/10

4 Tips for Today's Trading - 28/10

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook/Twitter:

US stocks were mixed yesterday but with little change. Sentiment was hit by falling oil prices. Trade was also subdued as investors are awaiting the result of the two day FOMC meeting beginning today. It is widely expected that the Federal Reserve will finish their bond buying program this month. However, investors are mostly waiting to hear any clues regarding increasing interest rates sooner than currently expected.

Asian stocks were also mixed today as the Dollar traded lower against the Yen. Traders were also apprehensive before Central bank meetings from both currencies. The Bank of Japan will be meeting on Friday.

European markets are higher today following earnings reports.

Oil dropped to its support level at 80.00 once again but bounced straight off it, while gold continues to trade sideways ahead of the FOMC Statement. Any hawkish remarks would be bullish for the Dollar and negative for Gold.  Traders should watch US data today as it could provide short term trading opportunities.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

4 Tips for Today's Trading - 28/10

Krona Falls to 4 Year Low as Dollar Gains

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook/Twitter:

What is it? It checks the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

Usual Effect: If the number is higher than the forecast, you can expect the JPY to rise.

When? October 28th at 7:50pm Eastern Time.

Trading Tip: This announcement can greatly affect the JPY, make sure to make your trades before.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

4 Tips for Today's Trading - 28/10

Krona Falls to 4 Year Low as Dollar Gains

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook/Twitter: