Forex Marketz Daily Forex News – Fully Markets Update
Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Thursday, October 30.
We are at the end of the week and the end of the month and here comes the landslide of economic data. Yesterday the Fed ended QE. Now its all about when and by how much will they raise rates. Today we get unemployment data out of Germany as well as inflation numbers. We expect the inflation to come in really tepid and maybe even miss the mark. It would be more shocking if inflation comes in higher than expected. Later today, the United States comes out with its gross domestic product (GDP) reading. We expect to meet expectations for an annualized growth at 3.0 percent. We also get initial jobless claims. We expect this number to either meet expectations at 283K or come in lower. The U.S. labor market is firming up and we expect this trend to continue. Japan ends today’s data this evening with their inflation numbers.
This will be one very busy day which could lead to volatility in the global financial markets.
Thank you for listening and have a wonderful day trading.