Forex Today; What You Need To Know For October 30, 2019

October 30, 2019 by  
Filed under Featured, Forex Tips, Trading in the Market

Chile, US GDP, FMOC interest rate decision, and trade all are in play today.

Chile erupted in protest last Friday over a fare hike that saw high school students come out in mass. This continued into yesterday as changes were made in the cabinet but also saw the military in the streets. 18 people killed, over 1000 shot, as people are fed up with 30 years of oppression. We will continue to watch these events and their affect on the markets.

US GDP will be announced today and then the US Federal Reserve open market committee will announce an expected change in interest rates. Economic news recently has been positive so wr are slightly concerned that they already priced in cut may not come this time. That would put a wrench in the markets.

Thinks could be interesting today so keep your eyes and ears open. Watch the Dollar index for a general fight to safety today as well as pressure on the Pound as there is concern that the election will not work in Bori’s favor.

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