Trading news

Daily Report 20– October – 2015

EUR/USD

 

The euro fell against the US dollar with the absence of economic data from the European side and the rise of the US Housing Market Index in October to 64.

European Economic Data
Time GMT Event Vol Forecast Previous
 08:00 Current Account   33.8 B
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Housing Starts (Sep) 1.150M 1.126M
12:30 Building Permits (Sep) 1.17M 1.17M
12:55 Red Book Index (Yearly)   1.1%
12:55 Red Book Index (Oct 16))   -0.2%
15:00 Yellen Speech    

GBP/USD

 

The Pound rose against the US dollar despite the absence of economic data from the British side, as all investors await Bank of England’s Governor, Mark Carney’s speech later today.

British Economic Data
Time GMT Event Vol Previous Forecast
 10:00 Carney Speech    

 

 

 

 

 

 

USD/JPY

 

The Japanese yen fell against the dollar due to the absence of Japanese economic data and the rising US Housing Market Index for the month of October.

Japanese Economic Data
Time GMT Event Vol Previous Forecast
 23:50 Exports (Sep)   3.4% 3.1%
23:50 Merchandise Trade Balance (Sep) 84.4B -569.7B
23:50 Imports (Sep) -11.7% -3.1%
23:50 Adjustment Merchandise Trade Balance (Sep)   -358.8B

 

 

 

 

 

 

 

 

 

 

 

AUD/USD

 

The Australian dollar declined against the American dollar after the release of mixed data from China, Australia’s trade partner.Chinese Retail Sales rose, while the Chinese Industry Index showed a decline.

Australian Economic Data
Time GMT Event Vol Forecast Previous
 00:30 RBA Meeting      

 

 

 

 

 

 

GOLD

The current decline in gold prices is attributed to the recent rise in the US dollar against major currencies, which started at the end of last week’s trading session.

OIL

 

The crude oil has registered lower levels, as the US dollar rose against major currencies. The strengthening of the American dollar has had a negative impact on the prices of commodities and raw materials, which are priced in dollars.

 

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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, 20 Oct, 2015 / 9:07

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