Trading news

DAILY REPORT 12– OCTOBER – 2015

EUR/USD

 

The euro traded higher against the dollar, after the decline in Import Prices for the month of September and the rising Wholesale Inventories during last August.The Import Price Index came out at 0.1% versus 1.6% in August, while Wholesale Inventories Index increased by 0.1%.

European Economic Data
Time GMT Event Vol Forecast Previous
  No Economic Data      
American Economic Data
Time GMT Event Vol Forecast Previous
  No Economic Data      

GBP/USD

The pound fell against the US dollar despite the contraction of the deficit in the British Trade Balance below expectations. However, profit-taking weighed down on the British currency.

British Economic Data
Time GMT Event Vol Previous Forecast
13:30 CB Lending Economic Index (Sep)   -0.3%

 

 

 

 

 

USD/JPY

The US dollar traded higher against the Japanese yen after a three-day decline. The US dollar strengthened due to the absence of any major Japanese economic data.

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

 

 

 

 

AUD/USD

The Australian dollar rose against the US dollar after the release of Home Loans, which showed a rise by 2.9% against a decline of 0.3% last July.

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

 

 

 

 

 

GOLD

Gold prices rose because of the weak dollar. However,the rise has been limited, as investors are still hesitant regarding investing in the precious metal, as it’s still trading below the critical levels of penetration.

OIL

Crude oil prices found support from the rise in Asian stocks, which have rebounded and recorded he best weekly performance since 2011.

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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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Monday, 12 Oct, 2015 / 1:57

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