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It’s Wednesday, November 22nd, my name is Kiana Danial, CEO of Invest Diva, and here is your forex market report. The Australian dollar bottomed out against the US dollar as the Reserve Bank of Australia (RBA) Governor Philip Lowe appeared to gradually change his outlook for monetary policy. He warned that it is more likely that the next move in interest rates will be up, rather than down. Coming up today, we have the UK’s Autumn Forecast Statement at 12:30 PM GMT as they release a document that gives a preview of the government’s budget, along with updated economic estimates. Any negative revisions could prove bearish for the pound, especially if officials put extra weight on Brexit-related uncertainties. At the same time, the US weekly jobs report and Durable Goods Orders is out. But this one could be overshadowed by the FOMC Meeting Minutes at 7 PM. While the minutes are widely expected to reaffirm the likelihood of a December hike, profit-taking ahead of the long weekend could mix with the market reaction to this report. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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