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DAILY REPORT 12– OCTOBER – 2015

ICM Capital

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 GMTEventVolForecastPrevious
No Economic Data
American Economic Data
Time GMTEventVolForecastPrevious
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 GMTEventVolPreviousForecast
13:30CB 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 GMTEventVolPreviousForecast
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 GMTEventVolForecastPrevious
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.

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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