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DAILY REPORT 23 – NOVEMBER – 2015

ICM Capital

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 GMTEventVolForecastPrevious
09:00Markit Manufacturing PMI (Nov)
52.352.3
09:00Markit Services PMI (Nov)
54.054.1
09:00Markit PMI Composite (NOV)
53.9
American Economic Data
Time GMTEventVolForecastPrevious
14:45Markit Manufacturing PMI (Nov)
54.054.1
15:00Existing Home Sales (Oct)
5.44 M5.55 M
15:00Existing 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 GMTEventVolForecastPrevious
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 GMTEventVolForecastPrevious
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 GMTEventVolForecastPrevious
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.

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.

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