Trading news

DAILY REPORT 17 – NOVEMBER – 2015

EUR/USD

 

The euro traded lower against the US dollar despite the improvement in Europe’s inflation data that was released yesterday. The current decline in the levels of the euro against the dollar comes in light of the continued rise in the dollar against major currencies.

European Economic Data
Time GMT Event Vol Forecast Previous
10:00 ZEW Survey Economic Sentiment (Nov)  35.2 30.1
American Economic Data
Time GMT Event Vol Forecast Previous
13:30 Consumer Price Index (Oct) 0.2% -0.2%
13:30 Consumer Price Index (Yearly) 0.1% 0.0%
13:30 Consumer Price Index Ex Food &Energy (Yearly) 1.9% 1.9%
13:30 Consumer Price Index Ex Food &Energy (Oct) 0.2% 0.2%
13:55 Redbook Index (Nov13)   0.8%
13:55 Redbook Index (Yearly)   1.1%
14:15 Industrial Production (Oct) 0.1% -0.2%
14:15 Capacity Utilization (Oct) 77.5% 77.5%
15:00 Housing Market Index (Nov) 64 64

GBP/USD

 

The pound fell against the US dollar after the release of US data. The New York Empire State Manufacturing Index showed a contraction in the manufacturing sector and was up to -10.7 vs. a previous value of -11.4 in October.

British Economic Data
Time GMT Event Vol Forecast Previous
09:30 Core Consumer Price Index (Yearly)   1% 1%
09:30 Consumer Price Index (Yearly) -0.1% -0.1%

 

 

 

 

 

 

 

 

USD/JPY

 

The US dollar traded higher against the Japanese yen after reports showed that the Japanese economy fell into recession during the third quarter due to poor spending from the Japanese companies.

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

 

 

 

 

 

 

AUD/USD

 

The Australian dollar fell against the US dollar due to the absence of economic data from the Australian side and the release of positive data from the US side.

Australian Economic Data
Time GMT Event Vol Forecast Previous
23:00 CB Leading Indicator (Sep)     -0.4%
23:30 Westpac Leading Index (Oct)   0.1%

 

 

 

 

 

 

 

 

GOLD

 

Gold prices resumed their decline yesterday, after a failed attempt to rebound, as the dollar strengthened against major currencies, and reached its highest level in seven months.

 

OIL

 

Crude oil prices rose yesterday after the French air strikes against ISIS areas in Syria, in response to the attacks on the French capital, Paris last Friday and which have claimed 129 lives.

 

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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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Tuesday, 17 Nov, 2015 / 9:48

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