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What is it? It checks the 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.

When? October 31^st at 8:30am Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.

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BOJ Press Conference (JPY)

The Importance of Diversification

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

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Diversification is a technique that help you by allocating investments among various financial instruments, industries and other categories. It aims to maximize return by investing in different areas that would each react differently to the same event.

Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals.

How to Diversify

Instead of investing with only one broker, you should invest with as many as possible. It will help you invest in different stocks and currencies as each broker can have different ones. In addition, it’s good to try many broker so you can decide which one you like best and can make you the most money.

Conclusion

It’s best to invest in at least 3 brokers, with 5 brokers being the optimal amount. Any less than 3 and you don’t have enough diversity, while more than 5 might be too much to follow.

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BOJ Press Conference (JPY)

Fed Shows Confidence in US Recovery

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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.

When? October 31^st at 6:00am Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the EUR to rise.

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BOJ Press Conference (JPY)

Fed Shows Confidence in US Recovery

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What is it? It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

When? October 31^st at 2:31am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

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4 Tips for Today's Trading - 30/10

Fed Shows Confidence in US Recovery

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

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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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4 Tips for Today's Trading - 30/10

Fed Shows Confidence in US Recovery

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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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4 Tips for Today's Trading - 30/10

Fed Shows Confidence in US Recovery

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 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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Other top stories:

4 Tips for Today's Trading - 30/10

Fed Shows Confidence in US Recovery

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

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