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DAILY REPORT 18 – NOVEMBER – 2015

ICM Capital

EUR/USD

The euro fell against the US dollar as the pressure mounts ahead of the ECB’s last meeting for this year in December. The European Central Bank had previously indicated during its last meeting that there is a possibility for further cuts in deposit interest rates.

European Economic Data
Time GMTEventVolForecastPrevious
10:00Construction Output (Sep)
-0.2%
American Economic Data
Time GMTEventVolForecastPrevious
19:00FOMC Minutes

GBP/USD

The pound traded higher against the US dollar after the release of the CPI, which showed a growth of 0.1% compatible with expectations.

British Economic Data
Time GMTEventVolForecastPrevious
No Economic Data

USD/JPY

The US dollar rose against the Japanese yen to trade near its highest level in three months, ahead of Bank of Japan’s meeting, which may announce an increase in the stimulus program in Japan.

Japanese Economic Data
Time GMTEventVolForecastPrevious
23:30Exports (Yearly)
-2.1%0.6%
23:30Imports (Yearly)
-8.6%-11.1%

AUD/USD

Australian dollar was up against the US dollar after the release of positive data from the Australian side, where the Leading Index and Westpac Index both registered an increase.

Australian Economic Data
Time GMTEventVolForecastPrevious
00:30Wage Price Index ( Q3)
0.6%0.6%

GOLD

Gold prices continued to decline again during yesterday’s trading sessions, after a failed attempt to rise,with the continuous strengthening of the dollar and the increasing expectations of a Fed rate hike before the end of this year.

OIL

Oil prices fell in spite of the report of the American Petroleum Institute, which pointed to a decline in US inventories of 482 thousand barrels of crude oil, the first decline in several weeks. However, markets did not react positively to this report, as investors await the EIA report, which has the highest impact on the markets.

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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.

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