Trading news

Any Change in the Fed’s Decision?

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.

European Economic Data
Time GMT Event Vol Forecast Previous
09:00 Private Loan (Yearly) 0% 0%
09:00 Money Supply (Sep)    5.1%
09:00 Money Supply (Yearly) 5.0% 4.8%
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Durable Goods Orders Ex transportation (Sep) 0% 0%
12:30 Durable Goods Orders (Sep) -1.1% -2.3%
12:55 RedBook Index (Oct 23)   -0.1%
12:55 RedBook Index (Yearly)   1.3%
13:00 Home Price Index (Yearly) 5.1% 5.0%
13:45 Markit Service PMI (Oct) 55.1 55.1
13:45 Markit PMI Composite (Oct)   55
14:00 Consumer Confidence (Oct) 102.9 103.0
14:00 Richmond Fed Manufacturing Index (Oct) -3 -5

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.

       Multi-Award Winning Broker We accept
                            American Express logo
                          Moneybookers
 Moneybookers

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
Level 36, One Canada Square,
London, E14 5AB,
United Kingdom. 

IMPORTANT NOTICE: The information in this email (and any attachments) is confidential. If you are not the intended recipient, you must not use or disseminate the information. If you have received this email in error, please immediately notify us by "Reply" command and permanently delete the original and any copies or printouts thereof. Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by ICM Capital or affiliates either jointly or severally, for any loss or damage arising in any way from its use.

Thursday, 29 Oct, 2015 / 6:51

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.icmcapital.co.uk/

Trading news

 

Dollar firms, stocks slip amid US stimulus doubts

  Talks on US stimulus package continue but deal in doubt after [...]

Posted on Thursday, 22 Oct, 2020 / 9:34 under

Up to the US Elections Results

The US economy has recovered modestly in the third quarter thanks to [...]

Posted on Thursday, 22 Oct, 2020 / 9:18 under

OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020

WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]

Posted on Thursday, 22 Oct, 2020 / 7:55 under