Trading news

Daily Forex Market Review 27.07.2015

EUR/USD:
The euro fell against the US dollar during Friday’s trading session, after the release of negative economic data from the European side, which showed a slowdown in the industrial and services sectors in different parts of Europe. From the U.S. side, the Manufacturing Index rose in July and New Homes Sales fell to 0.482 million in June.
European Economic Data
• German Import Price at 06.00 GMT
• German IFO Expectations at 08.00 GMT
• German IFO Business Climate at 08.00 GMT
• German IFO Current Assessment at 08.00 GMT
• Money Supply at 08.00 GMT
• Private Loans at 08.00 GMT
American Economic Data
• Durable Goods Order at 12.30 GMT
• Durable Goods Order ex transportations at 12.30 GMT
• Manufacturing Business at 14.30 GMT
• EIA Gas Stocks Change at 14.30 GMT

GBP/USD:
The pound settled in on Friday against the US dollar after the release of positive data from the two sides. Mortgage Approvals in the UK rose up to 44,500 and the US Manufacturing Index rose in July.
British Economic Data
• CBI Industrial Trend Survey at 10.00 GMT

USD/JPY:
The US dollar fell slightly against the Japanese yen on Friday, after mixed data from the US economy, where Manufacturing Index rose and New Home Sales fell. From the Japanese side, the flash Manufacturing PMI rose during of July to 51.4.
Japanese Economic Data
No economic data

AUD/USD:
The Australian dollar fell against the US dollar during Friday’s trading session, after the absence of any economic data from the Australian side and the release of mixed data from the US economy.
Australian Economic Data
No economic data

Gold
Gold prices rose slightly on Friday and rebounded from their lowest levels as a result of profit-taking and the mixed economic data released from the US.

Oil
Oil prices fell for a third day in a row on Friday, after the EIA Report on Wednesday showed that surplus widened in the US inventory about 2.5 million barrels compared to a deficit of 4.3 million barrels in the previous weekly reading.

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, 27 Jul, 2015 / 8:00

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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