Trading news




The euro traded higher against the dollar yesterday following the release of negative US economic data. The figures released from the US side diminished confidence in the future of the world's largest economy, and reduced the demand for the US dollar. The Trade Balance issued yesterday for the month of August, showed an expansion in the trade deficit gap worth 48.33 billion dollars.

European Economic Data
Time GMT Event Vol Forecast Previous
 07:00 Non Monetary Policy ECB Meeting    
American Economic Data
Time GMT Event Vol Forecast Previous
11:00 MBA Mortgage Application (Oct 2 )   -6.7%
14:30 EIA Crude Oil Stock changes (Oct 2) 1.750M 3.955M



The pound rose against the US dollar in spite of the declining British data released as Halifax index of house prices and the Shop Price Index fell in September but the widening deficit in the US trade balance support the pound against the US dollar.

British Economic Data
Time GMT Event Vol Previous Forecast
08:30 Industrial Production (Aug) 0.3% -0.5%
08:30 Manufacturing Production (Aug) 0.3% -0.8%
08:30 Industrial Production (Yearly) 1.2% 0.8%
08:30 Manufacturing Production (Yearly) -0.1% -0.5%
14:00 GDP Estimate (Sep)   0.5%















The US dollar fell against the Japanese yen after the rise in the JPY Foreign Reserves Index in Japan and the negative data released from the US side, thus eliminating any possibility of a US interest rate hike in the near future.

Japanese Economic Data
Time GMT Event Vol Previous Forecast
23:50 Current Account (Aug) 1.221B 1.808B
23:50 Machinery Orders(Aug) 2.4% 2.8%
23:50 Trade Balance – BOP Basis (Aug)   108B












The Australian dollar traded higher against the US dollar, after the Australian interest rate was kept unchanged at 2.00% for the fifth meeting.

Australian Economic Data
Time GMT Event Vol Forecast Previous
  No Economic Data      







 Gold prices rose after the United States announced yesterday the trade balance data during the month of August show the expansion of the trade deficit gap worth 48.33 billion dollars.



Crude oil prices rose and recorded its highest level in two months. This rise was supported by a weak US dollar and expectations of a decline in US stockpiles of crude oil.

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Wednesday, 07 Oct, 2015 / 1:02

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