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Daily Report 20– October – 2015

ICM Capital

EUR/USD

The euro fell against the US dollar with the absence of economic data from the European side and the rise of the US Housing Market Index in October to 64.

European Economic Data
Time GMT Event Vol Forecast Previous
08:00 Current Account
33.8 B
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Housing Starts (Sep)
1.150M 1.126M
12:30 Building Permits (Sep)
1.17M 1.17M
12:55 Red Book Index (Yearly)
1.1%
12:55 Red Book Index (Oct 16))
-0.2%
15:00 Yellen Speech

GBP/USD

The Pound rose against the US dollar despite the absence of economic data from the British side, as all investors await Bank of England’s Governor, Mark Carney’s speech later today.

British Economic Data
Time GMT Event Vol Previous Forecast
10:00 Carney Speech

USD/JPY

The Japanese yen fell against the dollar due to the absence of Japanese economic data and the rising US Housing Market Index for the month of October.

Japanese Economic Data
Time GMT Event Vol Previous Forecast
23:50 Exports (Sep)
3.4% 3.1%
23:50 Merchandise Trade Balance (Sep)
84.4B -569.7B
23:50 Imports (Sep)
-11.7% -3.1%
23:50 Adjustment Merchandise Trade Balance (Sep)
-358.8B

AUD/USD

The Australian dollar declined against the American dollar after the release of mixed data from China, Australia’s trade partner.Chinese Retail Sales rose, while the Chinese Industry Index showed a decline.

Australian Economic Data
Time GMT Event Vol Forecast Previous
00:30 RBA Meeting

GOLD

The current decline in gold prices is attributed to the recent rise in the US dollar against major currencies, which started at the end of last week’s trading session.

OIL

The crude oil has registered lower levels, as the US dollar rose against major currencies. The strengthening of the American dollar has had a negative impact on the prices of commodities and raw materials, which are priced in dollars.

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Disclaimer
All market information provided in the ICM Capital Daily Market Outlook is based on several independent sources believed to be reliable and are written in good faith. This information does not represent personalised investment advice nor a solicitation for the trading of any investment or any trades. The prices and news mentioned in this outlook are absolutely no guarantee of future market performance. There are risks associated with any investment and we strongly encourage readers to supplement the information in this Market report with independent research and other professional advice before making any investment decisions.

Engaging in CFDs or Spot FX carries a high risk to your capital. You should not engage in this form of investing unless you understand the nature of the Transaction you are entering into and the true extent of your exposure to the risk of loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.

ICM Capital Limited is a company registered in England and Wales under registered number: 07101360. ICM Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) Register Number: 520965.

London Headquarters
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London, E14 5AB,
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Source: https://www.icmcapital.co.uk/
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