Trading news

DAILY REPORT 08 – OCTOBER – 2015

EUR/USD

 The euro fell against the dollar due to the absence of economic data from the European side and due to profit-taking after the increase which took place yesterday. From the US side,the Mortgage Applications Index rose to 25.5%.

European Economic Data
Time GMT Event Vol Forecast Previous
11:30 ECB Monetary Policy Meeting Account    
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Initials Jobless Claims  (Oct 2 ) 174K 177K
12:30 Continuing Jobless Claims( Sep 25) 2.205M 2.191M
14:30 EIA Natural Gas Storage changes (Oct 2)   98B
18:00 FOMC Minutes    

GBP/USD

 The pound rose against the US dollar after a series of positive data from the British economy the industrial production index and manufacturing production index increased in August and GDP estimates were stable during September at 0.5%.

British Economic Data
Time GMT Event Vol Previous Forecast
11:00 BOE Interest Rate Decision (Oct 8) 0.5% -0.5%
11:00 BOE Asset Purchase Facility 375 B 375 B
11:00 BOE Asset Purchase Facility    

 

 

 

 

 

 

 

 

USD/JPY

 The US traded lower against the Japanese Yen after Bank of Japan kept the same monetary policy unchanged at the end of its regular meeting.

Japanese Economic Data
Time GMT Event Vol Previous Forecast
05:00 BOJ Monetary Economic Survey 1.221B 1.808B

 

 

 

 

 

AUD/USD

 The Australian dollar continued to rise against the US dollar with the absence of important US data to support the American dollar. While, the Australian dollar is still finding support from the central bank's decision to keep the interest unchanged at same levels.

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

 

 

 

 

 

GOLD

Gold prices were stable on Wednesday after the absence of major American economic data and as investors await several important data to be released today from several central banks.

 

OIL

Crude oil prices fell for the second session in a row, after US stockpiles of crude oil rose highest than expected; thus putting an end to the rise in crude oil prices we witnessed during the last period.

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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.
 
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Thursday, 08 Oct, 2015 / 11:38

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