Trading news

Fed Keep Interest Rates Unchanged

DAILY REPORT 29– OCTOBER  – 2015

The USD rose against all currencies after the Federal Reserve decided to maintain the range of federal funds rate at 0-0.25%. The statement released revealed that the Federal Reserve officials anticipatean interest rate hike in December,after they see some further improvement in the labor market and are reasonably confident that inflation will move back to its 2% objective over the medium term. The Fed said that the US economy has been expanding at moderate pace and acknowledged that the “pace of job gains slowed”. While the Fed kept rates steady after its two-day meeting this week, investors appeared to welcome a vote of confidence in the economy from the central bank.

EUR/USD

 

European Economic Data
Time GMT Event Vol Forecast Previous
08:55 German Unemployment Rate (Oct) 6.4% 6.4%
08:55 German Unemployment Change (Oct) -5 K 2 K
10:00 Industrial Confidence (Oct) -2.8 -2.2
10:00 Business Climate (Oct) 105.2 105.6
10:00 Economic Sentiment Index (Oct) 0.32 0.34
10:00 Services Sentiment (Oct) 12.0 12.4
10:00 Consumer Confidence (Oct) -7.7 -7.7
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Continuing Jobless Claims ( Oct 16) 2.16 M 2.17M
12:30 Initials Jobless Claims (Oct 23) 263 K 259 K
12:30 GDP Annualized (Q3)  1.6% 3.9%
12:30 GDP Price Index (Q3)  1.5% 2.1%
12:30 Core Personal Consumption Expenditure (Q3) 1.4% 1.9%
12:30 Personal Consumption Expenditure Index (Q3) 0.1% -0.2%
14:00 Pending Home sales (Yearly)   6.1%
14:00 Pending Home sales (Yearly) 1.0% -1.4%
14:30 EIA Natural Gas Storage Changes (Oct 23) 70 B 81 B

GBP/USD

 

British Economic Data
Time GMT Event Vol Previous Forecast
 09:30 Net Lending To Individual (Sep)   4.3 B
09:30 Consumer Credit (Sep) 1.10 B 0.86 B
09:30 Mortgage Approval (Sep) 72.50 K 71.03 K
09:30 Money Supply (Sep)   -0.4%
09:30 Money Supply (Yearly)   -0.1%
11:00 CBI Industrial Trade Survey (Oct) 35 49

 

 

 

 

 

 

 

 

 

 

 

 

 

USD/JPY

 

Japanese Economic Data
Time GMT Event Vol Previous Forecast
22:30 National Consumer Price Index (Yearly)     0.2%
23:30  National Consumer Price Index (Yearly)   3.4% 3.4%

 

 

 

 

 

 

 

 

AUD/USD

 

Australian Economic Data
Time GMT Event Vol Forecast Previous
00:30 Export Price Index (Q3)     -4.4%
00:30 Import Price Index (Q3) 1.6% 1.4%

 

 

 

 

 

 

 

GOLD

Gold prices fell yesterday to $ 1158 per ounce, after the makers of the monetary policy at the Federal Reserve decided on Wednesday to maintain the reference short-term interest rates at historic low levels.

OIL

 

Oil prices rose after the rise in US crude oil inventories last week valued at 3.4 million barrels, less than the expected 3.7 million barrels,vs. a previous reading of 8 million barrels.

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Thursday, 29 Oct, 2015 / 1:15

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