Trading news

Japan Hit By Weaker Economic Growth

EUR/USD:
The euro fell against the US dollar during the US session after the economic data released on Monday from the euro zone showed a widening surplus in the trade balance in June, as opposed to expectations. Figures from the US economy reflected the worst performance of the Empire State Manufacturing Index since December of 2009. While the housing market index reflected acceleration in growth that didn’t meet expectations.
European Economic Data:
No economic data
American Economic Data
Time GMT Event Vol Forecast Previous
12:30 Housing Start (Jul) 2 star 1.190m 1.174 m
12:30 Building Permits (Jul) 2 star 1.232 m 1.343 m
12:55 Redbook Index (Aug) 1 star
12:55 Redbook Index (Aug) 1 star 1.9%


GBP/USD:
The pound fell against the US dollar after economic data released Monday by the Royal British economy and the US showed a decline in Home Price Index in the UK during August, and worse than expected figures for New York Manufacturing Index and Housing Market Index.
British economic data
Time GMT Event Vol Forecast Previous
08:30 Core Consumer Price Index (yearly) 3 star 0.8% 0.8%
08:30 Producer Price Index (Jul) 1 star -2.0% -1.3%
08:30 Producer Price Index (yearly) 1 star -12.8% - 12.6%
08:30 Retail Price Index (Jul) 1 star -0.1% 0.2%
08:30 Consumer Price Index (yearly) 3 star -0.0% 0.0%
08:30 PPI Core Input (yearly) 1 star 0.2% 0.1%
08:30 Retail Price Index (yearly) 1 star 1% 1%
08:30 Consumer Price Index (Jul) 3 star -0.3% 0.0%
08:30 Producer Price Index Output (Jul) 1 star -0.1% 0.0%
08:30 House Price (yearly) 1 star 5.9% 5.7%
08:30 PPI Core Output (Jul) 1 star 0% 0%

USD/JPY:
The Japanese yen fell against the USD on Monday with the start of the trading week after figures issued in Tokyo showed that the third largest economy in the world is entering into a recession after growth during the previous two quarters. This might open the door again to the possibility of Bank of Japan expanding stimulus policies to support the economic recovery and ensure a quick exit from recession.
Japanese economic data
Time GMT Event Vol Forecast Previous
23:50 Export (Jul) 2 star 5.5% 9.5%
23:50 Import (Jul) 2 star -7.9% -2.9%
23:50 Merchandise Trade Balance (Jul) 2 star -56.7B -69.0 B
23:50 Adjusted Merchandise Trade Balance (Jul) 2 star -251.7 B

AUD/USD:
The Australian dollar was stable against the US dollar on Monday due to the absence of economic data from the Australian side.
Australian Economic Data
Time GMT Event Vol Forecast Previous
01:30 New Motor Vehicle Sales (Jul) 2 star 3.8%
01:30 RBA Meeting Minutes 3 star
01:30 New Motor Vehicle Sales (yearly) 2 star 4%

Gold
Gold prices rose slightly since the beginning of this week to trade near the highest level in three weeks; this comes as investors wait for the release of the Federal Reserve Bank meeting minutes later this week.

Oil
Crude oil prices continued to fall, reaching its lowest level in six years amid growing fears of oversupply and falling global demand.

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.

Tuesday, 18 Aug, 2015 / 9:55

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

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

Trading news

 

Euro under pressure ahead of key ECB Monetary Policy decision – EUR/USD Market Outlook – 29/10/2020

With COVID-19 cases rising and several European countries applying new [...]

Posted on Thursday, 29 Oct, 2020 / 9:10 under

DOW suffered worst day since June as COVID-19 concerns escalate – DOW JONES Market Outlook – 29/10/2020

The Dow’s losing streak continued, plummeting more than 700 points as we [...]

Posted on Thursday, 29 Oct, 2020 / 9:09 under

Market Update: October 28

  BTCUSD DAILY Bitcoin made a volume reversal today.  The high [...]

Posted on Wednesday, 28 Oct, 2020 / 10:41 under