DAILY REPORT 29– OCTOBER – 2015
The USD rose against all currencies after the Federal Reserve decided to maintain the range of federal funds rate at 0-0.25%. The statement released revealed that the Federal Reserve officials anticipatean interest rate hike in December,after they see some further improvement in the labor market and are reasonably confident that inflation will move back to its 2% objective over the medium term. The Fed said that the US economy has been expanding at moderate pace and acknowledged that the “pace of job gains slowed”. While the Fed kept rates steady after its two-day meeting this week, investors appeared to welcome a vote of confidence in the economy from the central bank.
|British Economic Data|
|09:30||Net Lending To Individual (Sep)||4.3 B|
|09:30||Consumer Credit (Sep)||1.10 B||0.86 B|
|09:30||Mortgage Approval (Sep)||72.50 K||71.03 K|
|09:30||Money Supply (Sep)||-0.4%|
|09:30||Money Supply (Yearly)||-0.1%|
|11:00||CBI Industrial Trade Survey (Oct)||35||49|
|Japanese Economic Data|
|22:30||National Consumer Price Index (Yearly)||0.2%|
|23:30||National Consumer Price Index (Yearly)||3.4%||3.4%|
|Australian Economic Data|
|00:30||Export Price Index (Q3)||-4.4%|
|00:30||Import Price Index (Q3)||1.6%||1.4%|
Gold prices fell yesterday to $ 1158 per ounce, after the makers of the monetary policy at the Federal Reserve decided on Wednesday to maintain the reference short-term interest rates at historic low levels.
Oil prices rose after the rise in US crude oil inventories last week valued at 3.4 million barrels, less than the expected 3.7 million barrels,vs. a previous reading of 8 million barrels.
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