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A Recovery in the Australian Economy

ICM Capital

DAILY REPORT 03 – NOVEMBER – 2015

EUR/USD

The euro was steady against the US dollar after the release of positive data from both sides.Markit Manufacturing PMI in Europe rose during October to 52.3,while the US Construction Spending Index increased during September to 0.6% and ISM Prices Paid index rose during October to 39.

European Economic Data
Time GMTEventVolForecastPrevious
10:00 ECB President Mario Draghi Speech
American Economic Data
Time GMTEventVolForecastPrevious
13:55Redbook Index (Yearly)
1.5%
14:45Redbook Index (Oct 30)
0%
12:30ISM New York Index(Oct)
44.5
15:00Factory Orders (Sep)
-0.9%

-1.7%

15:00Economic Optimism (Nov)
47.547.3
21:00Total Vehicle Sales
17.7M18.2M

GBP/USD

The pound fell against the US dollar despite the rise of the British Markit Manufacturing PMI in October to 55.5, as the positive data released from the US economy weighed down on the pound towards the end of the day.

British Economic Data
Time GMTEventVolPreviousForecast
09:30PMI Construction (Oct)
58.859.9

USD/JPY

The US dollar rose against the Japanese yen after a series of positive economic data released from the US side;Markit Manufacturing PMI Index rose in October to 54.1. From Japan, the Nomura Manager’s Index for manufacturing purchases rose to 52.4.

Japanese Economic Data
Time GMTEventVolPreviousForecast
23:50Monetary Base (Oct)
35.1%

AUD/USD

The Australian dollar traded higher against the US dollar supported by positive data that showed a higher-than-expected rise in Building Permit Index in September.

Australian Economic Data
Time GMTEventVolForecastPrevious
03:30Interest Rate Decision
2%2%

GOLD

Gold prices fell after the positive data released from the US economy. Construction Spending Index increased during September to 0.6%, while ISM Prices Paid Index rose during October to 39 and Markit Manufacturing PMI Index rose in October to 54.1.

OIL

Oil prices traded neutral after the mixed data released regarding the industrial sector in China, the US and Europe.

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