Trading news

Daily Forex Market Review 03.08.2015

EUR/USD:

The euro rose against the US dollar on Friday after a rise in Core Consumer Price Index in Europe to 0.9% and the stabilization of the unemployment rate at 11.1%. From the US side, the Labor Cost Index fell to 0.2% and the Consumer Confidence also fell to 93.1 in June.

European Economic Data

• Market Manufacturing PMI in Spain at 07.15 GMT

• Market Manufacturing PMI in Italy at 07.45 GMT

• Market Manufacturing PMI in France at 07.50 GMT

• Market Manufacturing PMI in Germany at 07.55 GMT

• Market Manufacturing PMI in Greece at 08.00 GMT

• Market Manufacturing PMI at 08.00 GMT

American Economic Data

• Personal Consumption Expenditure at 12.30 GMT

• Personal Consumption Expenditure at 12.30 GMT

• Personal Spending at 12.30 GMT

• FOMC Member Powell Speech at 13.00 GMT

• Market Manufacturing PMI at 13.45 GMT

• ISM Manufacturing PMI at 14.00 GMT

• ISM Price Paid at 14.00 GMT

• Construction Spending at 14.00 GMT

• Total Vehicle Sales at 17.30 GMT



GBP/USD:

The pound rose against the US dollar despite the absence of economic data from the British side. The pound was supported by the decline in Labor Cost Index in the United States to 0.2% and the Consumer Confidence Index to 93.1.

British Economic Data

• Market Manufacturing PMI at 08.30 GMT

• Halifax House Prices



USD/JPY:

The US dollar fell against the Japanese yen after rising construction indicators in Japan, where the number of new homes per year rose to 1.033 million home and new home building rose to 16.3% and construction orders index rose to 15.4%.

Japanese Economic Data

• Nomura Manufacturing Purchasing Manager Index at 01.35 GMT

• Vehicle Sales at 05.00 GMT

• Monetary Base at 23.50 GMT



AUD/USD:

The Australian dollar rose against the US dollar after the Producer Price Index in Australia rose to 1.1% and a fall in US Labor Costs Index to 0.2% and Consumer Confidence Index to 93.1.

Australian Economic Data

• TD Security Inflation at 00.30 GMT

• New Home Sales at 00.30 GMT

• Job Advertisements at 01.30 GMT



Gold

Prices of the Precious metal rose after a series of setbacks as gold was supported by the negative US economic data and the release of the US Federal Reserve Meeting Minutes which hinted that members might raise interest rates in September.



Oil

Crude oil prices were under pressure due to rising oil supply in global markets, especially after Iran said it was ready for pumping crude oil exports in the markets few days after the end of the sanctions.



Disclaimer

The prices and news mentioned in this outlook are absolutely no guarantee of future market performance and do not represent the view of ICM Capital Limited. Financial markets can move in either direction causing profits to be made or complete losses to be incurred by the trader. Each trader must decide for themselves what their risk appetite is and ensure that correct risk management procedures are in place before placing any trades.

Monday, 03 Aug, 2015 / 8:50

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

Source : http://icmcapital.co.uk/main.php

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