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DAILY REPORT 08 – OCTOBER – 2015

ICM Capital

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 GMTEventVolForecastPrevious
11:30ECB Monetary Policy Meeting Account
American Economic Data
Time GMTEventVolForecastPrevious
12:30Initials Jobless Claims (Oct 2 )
174K177K
12:30Continuing Jobless Claims( Sep 25)
2.205M2.191M
14:30EIA Natural Gas Storage changes (Oct 2)
98B
18:00FOMC 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 GMTEventVolPreviousForecast
11:00BOE Interest Rate Decision (Oct 8)
0.5%-0.5%
11:00BOE Asset Purchase Facility
375 B375 B
11:00BOE 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 GMTEventVolPreviousForecast
05:00BOJ Monetary Economic Survey
1.221B1.808B

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 GMTEventVolForecastPrevious
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.

Engaging in CFDs or Spot FX carries a high risk to your capital. You should not engage in this form of investing unless you understand the nature of the Transaction you are entering into and the true extent of your exposure to the risk of loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.

ICM Capital Limited is a company registered in England and Wales under registered number: 07101360. ICM Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) Register Number: 520965.

London Headquarters
Level 36, One Canada Square,
London, E14 5AB,
United Kingdom.

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Source: https://www.icmcapital.co.uk/
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