Trading news

DAILY REPORT 23 – NOVEMBER – 2015

EUR/USD

 

The euro fell against the US dollar after Mario Draghi,the European Central Bank’s governor, said that the bank’s monetary policy makers will do what they have to raise the pace of inflation as soon as possible, which increased expectations of further expansion in the stimulus during the next meeting.

European Economic Data
Time GMT Event Vol Forecast Previous
09:00 Markit Manufacturing PMI (Nov) 52.3 52.3
09:00 Markit Services PMI (Nov) 54.0 54.1
09:00 Markit PMI Composite (NOV)   53.9
American Economic Data
Time GMT Event Vol Forecast Previous
14:45 Markit Manufacturing PMI (Nov) 54.0 54.1
15:00 Existing Home Sales (Oct) 5.44 M 5.55 M
15:00 Existing Home Sales change(Oct)   4.7%

 

GBP/USD

 

The pound fell against the US dollar after the decline in Public Sector Net Borrowing Index in September to 7.47 billion pounds from 8.33 billion pounds

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

 

 

 

 

 

 

USD/JPY

 

The US dollar fell against the Japanese yen after the Bank of Japan, kept its monetary policies unchanged, raising the yen after hitting its lowest level in three months.

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

 

 

 

 

 

 

AUD/USD

 

Australian Dollar was up against the US dollar after the dollar fell post the Federal Reserve Bank meeting, which indicated that the decision to raise US interest rates will be gradual.

Australian Economic Data
Time GMT Event Vol Forecast Previous
  No economic Data      

 

 

 

 

 

 

GOLD

 

Gold prices fell with the decline of demand on the precious metal as expectations of a Fed rate hike before the end of the year increased.

 

OIL

 

Crude oil prices fell with the continuing pressure on prices due to the stronger US dollar and the rising US inventories of crude oil.

 
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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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Monday, 23 Nov, 2015 / 2:10

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