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DAILY REPORT 26– OCTOBER – 2015

ICM Capital

The Aussie on the Rise

EUR/USD

The euro fell against the US dollar in spite of the stabilizing of the Markit Manufacturing PMI Index and the growth of the same index for the service sector for the euro region during October. From the US, the Markit Manufacturing PMI index for October showed an increase from the previous month.

European Economic Data
Time GMTEventVolForecastPrevious
No economic Data
American Economic Data
Time GMTEventVolForecastPrevious
14:00 New Home Sales (Sep)
5.7%

GBP/USD

The pound traded lower against the US dollar at the end of the week due to the absence of economic data from the British side and the release of positive data from the US side.

British Economic Data
Time GMTEventVolPreviousForecast
09:30BBA Mortgage Approval (Sep)
46.743 K

USD/JPY

The Japanese yen fell against the dollar after the positive data from the US side and as investors are currently shifting away from safe-haven currencies such as the Japanese yen.

Japanese Economic Data
Time GMTEventVolPreviousForecast
23:50Corporate Service Price(Yearly)
0.7%

AUD/USD

The Australian dollar was steady against the US dollar despite the absence of economic data from the Australian side as investors turn towards the AUD during confusion in most global markets.

Australian Economic Data
Time GMTEventVolForecastPrevious
No Economic Data

GOLD

old prices dropped after the People’s Bank of China loosened their monetary policy for the sixth time since November. China’s central bank reduced the one-year lending rate to 4.35%, and cut the reserve ratio, the amount of cash banks must keep as reserves.

OIL

Oil prices fell after the US figures were released, showing an increase of the Markit Manufacturing PMI Index in October to a level of 54.0.

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