Trading news

DAILY REPORT 14 – OCTOBER – 2015

 

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 GMT Event Vol Forecast Previous
 09:00 Industrial Production (Yearly)   1.8% 1.9%
09:00 Industrial Production (Aug) -0.5%  
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 MBA Mortgage Applications (Oct 9)   25.5%
12:30 Retails Sales (Sep)  0.2% 0.2%
 12:30 Producer Price Index Ex Food & Energy (Yearly ) 1.2% 0.9%
12:30 Producer Price Index (Sep) -0.2% 0.0%
12:30 Producer Price Index Ex Food & Energy (Sep )  0.1%  0.3%
12:30 Producer Price Index (Yearly) -0.7%  -0.8%
12:30 Retail sales Ex Autos (Sep)   -0.1% 0.1%
14:00 Business 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 GMT Event Vol Previous Forecast
08:30 ILO Unemployment Rate (Aug) 5.5% 5.5%
08:30 Average Earning Including Bonus (Aug) 3.1% 2.9%
08:30 Claimant Count Change (Sep) -2.1K 1.2K
08:30 Claimant Count Rate (Sep)   2.3%
08:30 Average 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 GMT Event Vol Previous Forecast
  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 GMT Event Vol Forecast Previous
  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.

       Multi-Award Winning Broker We accept
                            American Express logo
                          Moneybookers
 Moneybookers

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. 

IMPORTANT NOTICE: The information in this email (and any attachments) is confidential. If you are not the intended recipient, you must not use or disseminate the information. If you have received this email in error, please immediately notify us by "Reply" command and permanently delete the original and any copies or printouts thereof. Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by ICM Capital or affiliates either jointly or severally, for any loss or damage arising in any way from its use.

Wednesday, 14 Oct, 2015 / 12:30

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

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

Trading news

 

Equities sink as second wave fears bite, but currencies stay calm

  Spiraling infections and tightening US election inject caution [...]

Posted on Tuesday, 27 Oct, 2020 / 11:56 under

FTSE dragged down as PM Boris Johnson faced a revolt – FTSE 100 Market Outlook – 27/10/2020

The FTSE 100 hit our short entry support target lower, as energy prices [...]

Posted on Tuesday, 27 Oct, 2020 / 9:27 under

Dovish ECB expectations might limit any upside potential – EUR/USD Market Outlook – 27/10/2020

The Euro bulls, once again, found support at the 1.18 level, despite major [...]

Posted on Tuesday, 27 Oct, 2020 / 9:25 under