DAILY REPORT 27– OCTOBER – 2015
EUR/USD
The euro rose against the US dollar yesterday after the release of the Business Climate Index in Germany, the region’s largest economy,at 108.2 for the month of October,and the IFO Index at 103.8.
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GBP/USD
The pound rose against the US dollar despite the decline in BBA Mortgage Approval during the month of September to 44.489 thousand applications vs. a previous reading of 46.567 thousand applications. The pound was supported by the negative US data released, where New Home Sales Index declined in September to -11.5%.
| British Economic Data | ||||
| Time GMT | Event | Vol | Previous | Forecast |
| 09:30 | Gross Domestic Product (Yearly) |  | 4.8% | 3.7% |
| 09:30 | Gross Domestic Product (Q3) |  | 0.4% | 0.2% |
| 09:30 | Index of Services (Aug) |  | 4.6% | 3.5% |
USD/JPY
The Japanese yen traded higher against the dollar in spite of the slight decline in Corporate Services Price Index, which fell from 0.7% to 0.6% annually. The Japanese yen was supported by the decline of New Homes Sales in the US.
| Japanese Economic Data | ||||
| Time GMT | Event | Vol | Previous | Forecast |
| 23:50 | Retail Trade (Sep) | | 0% | |
| 23:50 | Retail Trade (Yearly) | | 0.4% | 0.8% |
| 23:50 | Large Retail Sales (Sep) | | 1.8% | |
AUD/USD
Australian Dollar traded higher against the US dollar for the fourth consecutive day, as the Australian dollar seems to remain a safe haven for all investors in the current period.
| Australian Economic Data | ||||
| Time GMT | Event | Vol | Forecast | Previous |
| No Economic Data | ||||
GOLD
Gold prices stabilized yesterday, and closed around the same opening price. The stability in the prices of the metal is due to the negative data released from the US side which reflected a decline in New Home Sales in September.
OIL
Oil prices fell for the fourth consecutive day to a 2-month low, ignoring all the negative data released yesterday from the US side because of the current rise in the supply of the world's crude oil, especially with the return of Iran to pumping oil in the markets.
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