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DAILY REPORT 14 – OCTOBER – 2015

ICM Capital

The Aussie Ends a 10-day Winning Streak

EUR/USD

The euro rose against the US dollar due to continued pressure on the American dollar, as markets expect a delay in the interest rate hike.

European Economic Data
Time GMTEventVolForecastPrevious
09:00Industrial Production (Yearly)
1.8%1.9%
09:00Industrial Production (Aug)
-0.5%
American Economic Data
Time GMTEventVolForecastPrevious
12:30MBA Mortgage Applications (Oct 9)
25.5%
12:30Retails Sales (Sep)
0.2%0.2%
12:30Producer Price Index Ex Food & Energy (Yearly )
1.2%0.9%
12:30Producer Price Index (Sep)
-0.2%0.0%
12:30Producer Price Index Ex Food & Energy (Sep )
0.1% 0.3%
12:30Producer Price Index (Yearly)
-0.7% -0.8%
12:30Retail sales Ex Autos (Sep)
-0.1%0.1%
14:00Business inventories (Aug)
0.1%0.1%

GBP/USD

The British pound fell against the US dollar to its lowest level in a week, after the negative data released in London showed a shrinking inflation during the past month, which reduced expectations of a British interest rate hike during the first quarter of next year.

British Economic Data
Time GMTEventVolPreviousForecast
08:30ILO Unemployment Rate (Aug)
5.5%5.5%
08:30Average Earning Including Bonus (Aug)
3.1%2.9%
08:30Claimant Count Change (Sep)
-2.1K1.2K
08:30Claimant Count Rate (Sep)
2.3%
08:30Average Earning Excluding Bonus (Aug)
3.0%2.9%

USD/JPY

The Japanese yen rose against the US dollar to reach its highest level in two weeks in light of the growing popularity of the Japanese yen as a safe-haven currency amid fears regarding growth in the Chinese economy.

Japanese Economic Data
Time GMTEventVolPreviousForecast
No Economic Data

AUD/USD

The Australian dollar fell against theUS dollar after the release of the Trade Balance in China,which showed that surplus widened to $60.3 billion compared to a surplus of $60.2 billion in August, thus ending a 10-day winning streak.

Australian Economic Data
Time GMTEventVolForecastPrevious
No Economic Data

GOLD

Gold prices continued rising for the third session in a row to record the highest level since three and a half months, after the dollar's decline against major currencies.

OIL

Crude oil prices fell close to its lowest level in a week after the report of the International Energy Agency which weighed down on prices.

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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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