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What is it? Fed chair Yellen is due to deliver opening remarks at the Board of Governors of the Federal Reserve System's National Summit on Diversity in the Economics Profession, in Washington DC.

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect If the announcement will hint towards higher interest rates, you can expect the USD to rise.

When? October 30th at 9:00am Eastern Time.

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

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 1) Get Ready for GDP

At 8:30am ET, the US Bureau of Economic Analysis will release its first official reading of gross domestic product for the third quarter.

It's widely expected the economy grew by 3%, which would be solid, but not great.

Keep in mind, the first estimates for quarterly GDP tend to be a little off. The numbers aren't set in stone and will eventually be revised.

Also at 8:30, the Department of Labor will post data on weekly jobless claims.

2) Market Moves

US stock futures are not moving too much from their Wednesday closing levels.

One stand-out performer ahead of the open is Visa (V). Shares are pushing up by about 4% premarket after the company reported quarterly earnings that beat estimates.

3) Earnings

The New York Times (NYT), MasterCard (MA) and Kellogg (K) are set to report earnings before the opening bell.

LinkedIn (LNKD, Tech30), GoPro (GPRO), Groupon (GRPN) and Starbucks (SBUX) will report after the close.

4) International Markets Overview

European markets are mixed in early trading. The banking sector is looking particularly weak, especially among those banks that recently failed a regulatory health check.

Investors are watching various European economic figures coming in on unemployment, inflation and consumer confidence.

Asian markets were also muddled.

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What is it? It checks the the number of individuals who filed for unemployment insurance for the first time during the past week.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

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

When? October 30th at 8:30am 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:

Fed Shows Confidence in US Recovery

German Prelim (EUR)

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

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What is it? It checks the annualized change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

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

When? October 30th at 8:30am 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:

Fed Shows Confidence in US Recovery

German Prelim (EUR)

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

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What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

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

When? October 30th all day.

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

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What is it? Governor Poloz is due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the Senate Standing Committee on Banking, Trade, and Commerce, in Ottawa.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

When? October 29th at 4:15pm Eastern Time.

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

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

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What is it? It's among the primary tools the RBNZ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Usual Effect If the announcement will hint towards higher interest rates, you can expect the NZD to rise.

When? October 29th at 4:00pm Eastern Time.

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

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

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