We are expecting a ton of volatility today due to a heavy economic calendar starting with Australia’s Consumer Prices Index (2Q) and RBA's Lowe’s Speech in Sydney during the Asian session. The London session will kick off with the UK GDP data at 8:30 AM GMT expected to drop to 1.7% on a year-on-year basis from the previous reading of 2%. However, the BIG event of the day is no other than the FOMC rate decision at 6 PM GMT. The Fed is expected to keep rates unchanged between 1.00% and 1.25%. Market participants will be eager to interpret the Fed’s tone. Any signs of dovishness could lead to a massive sell-off for the USD, while a hawkish tone could put an end to the downtrend. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the amount of your expendable income. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should ONLY invest money that you can afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex Diva Trading Opinions Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and education, and does not constitute advice. Forex Diva will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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