Trading news

DAILY REPORT 26– OCTOBER – 2015

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 GMT Event Vol Forecast Previous
  No economic Data      
American Economic Data
Time GMT Event Vol Forecast Previous
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 GMT Event Vol Previous Forecast
09:30 BBA 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 GMT Event Vol Previous Forecast
23:50 Corporate 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 GMT Event Vol Forecast Previous
  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.

 

        Multi-Award Winning Broker We accept
                            American Express logo
                          Moneybookers
 Moneybookers

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.

Monday, 26 Oct, 2015 / 9:52

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

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

Trading news

 

Dollar Rebounds On G20 Summit And Falling Yields

The US dollar was seen posting some moderate gains on Tuesday. This marks the [...]

Posted on Wednesday, 26 Jun, 2019 / 10:01 under

Bullard rains on the USD bears’ parade

The St. Louis Fed’s Bullard rained on the USD bears’ parade by [...]

Posted on Wednesday, 26 Jun, 2019 / 8:47 under

Powell Wakes USD-Bulls Up, RBNZ Signals Need for Lower Rates

The dollar rebounded yesterday after Fed Chair Jerome Powell said that [...]

Posted on Wednesday, 26 Jun, 2019 / 7:35 under