Market participants eager to interpret the Fed’s tone [Video]

Kiana Danial, CFP Invest Diva

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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Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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