Trading news

DAILY REPORT 06 – OCTOBER – 2015

The Aussie Continues to Rise

EUR/USD

The euro fell against the dollar after a series of negative data released from the European economy yesterday.Markit Service PMI fell in September to 53.7, while Markit PMI Composite fell to 53.6 for the same month and the European Retail Sales fell to 2.3 %.

 

European Economic Data
Time GMT Event Vol Forecast Previous
 17:00 Draghi Speech    
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Trade Balance (Aug) -45.50 B -41.86 B
12:55 Red Book Index (Oct 2)   -1.5%
 12:55 Red Book Index (Yearly)   0.9%
14:00 Economic Optimism (Oct) 44.6 42.0

 

GBP/USD

The pound fell against the US dollar during trading on Monday after the British Markit Service PMI Index fell to 53.3 during the month of September, from a previous reading of 55.6.

 

British Economic Data
Time GMT Event Vol Previous Forecast
23:01 Shop Price Index (Sep)   -1.4%

 

 

 

 

 

 

USD/JPY

The US dollar traded higher against the Japanese yen after the decline of the Japanese Labor Cash Earning Index from 0.9% to 0.5% y-o-y.

 

Japanese Economic Data
Time GMT Event Vol Previous Forecast
23:50 Foreign Reserve     1.224 B

 

 

 

 

 

 

AUD/USD

The Australian dollar rose against the American dollar for the sixth day. The Australian dollar had received support from the rise in Job Advertisements Index during the month of September to 3.9%.

 

Australian Economic Data
Time GMT Event Vol Forecast Previous
23:30 AIG Performance Of Construction Index(Sep)     53.8

 

 

 

 

 

 

 

GOLD

Gold prices fell slightly despite a number of negative data from the US economy regarding the non-industrial sector; however, the price of gold fell after a sharp rise in the precious metal achieved by the end of last week.

 

OIL

Oil prices rose yesterday after the instability in the dollar levels which gave the opportunity of goods to rise before the next Federal Reserve Bank meeting.

 
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Tuesday, 06 Oct, 2015 / 12:49

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