Daily Video Review - 30/10
- Donald Herison
- English
- MARKETS NEWS
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Yesterday, the FOMC Meeting Minutes were released following the Feds two day meeting. Following the release US stocks declined.
Asian markets were mixed. The Nikkei climbed 0.647% as the Dollar strengthened against the Yen after the FOMC statement.
European markets are lower today. The German Unemployment Change was released and was significantly better than expected. Investors instead, focused on the Fed statement and sentiment dropped.
Oil climbed after the EIA released inventory data. The data showed supplies to increase by a lower amount than expected.
Gold lost its appeal as a safe haven asset as the Fed showed confidence in the economy. Many are now speculating that the Fed could be inclined to raise rates sooner and this dampens the appeal further.
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What is it? It's among the primary tools the BOJ 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 projects the economic outlook and offers clues on the outcome of future rate decisions.
When? October 30th at 8:30pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.
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What is it? It checks the change in the price of finished goods and services sold by producers.
It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.
Usual Effect If the number is higher than the forecast, you can expect the AUD to rise.
When? October 30th at 8:30pm Eastern Time.
Trading Tip: This announcement can greatly affect the AUD, make sure to make your trades before.
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