Monthly Archives: June 2013

USD/CHF: SNB held its interest rate unchanged

Posted on June 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell marginally against the CHF and closed at 0.9263. The Swiss National Bank (SNB) maintained its key interest rate at 0.0%-0.25% and also decided to keep its minimum exchange rate … Continue reading →

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USD/CAD: Loonie trading tad higher this morning; Canadian CPI data awaited

Posted on June 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CAD to close at 1.0381. In the Asian session, at GMT0300, the pair is trading at 1.0376, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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EUR/USD: Euro tad higher this morning

Posted on June 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.4% against the USD and closed at 1.3228. On the economic front, manufacturing activity in Germany dropped unexpectedly in June. Meanwhile, manufacturing and services PMI’s in France and the Euro-zone improved … Continue reading →

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GBP/USD: Pound rose on positive UK retail sales data, trading tad lower this morning

Posted on June 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5513, after retail sales in the UK rose 2.1% (MoM) in May, compared to a revised 1.1% drop recorded in the previous month. Market … Continue reading →

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USD/JPY: Yen continues to trade lower this morning

Posted on June 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 97.02, after the US Federal Reserve stated that if the economy improves as it forecasts, it might consider scaling back its asset purchase … Continue reading →

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Trading Signals as per 20-06-2013

Posted on June 20, 2013 by GCI Financial

FOREX-Signals                       EUR/USD LONG     EUR/GBP LONG                 Entry-Limit Buy 1,3165   Entry-Limit Buy 0,8530 Limit SELL 1,3205   Limit SELL 0,8570 … Continue reading →

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AUD/USD: Aussie moving lower as Chinese PMI disappoints

Posted on June 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.95% against the USD to close at 0.9280. LME Copper prices remained flat or $2.0/MT to $6972.5/MT. Aluminium prices declined 0.1% or $2.5/MT to $1792.5/MT. In the Asian session, at … Continue reading →

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USD/CHF: Swissy trading lower, trade balance data awaited

Posted on June 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.99% against the CHF and closed at 0.9294. In the Asian session, at GMT0300, the pair is trading at 0.9297, with the USD trading marginally higher from yesterday’s close. … Continue reading →

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USD/JPY: Pair rallied as Bernanke says Fed could taper buying

Posted on June 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.04% against the JPY and closed at 96.58, after the US Federal Reserve announced plans to slow its purchases of bonds to stimulate the US economy in the coming … Continue reading →

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USD/CAD: Loonie suffered after Bernanke indicated Fed could reduce buying

Posted on June 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.57% against the CAD to close at 1.0282, after Federal Reserve Chairman, Ben S. Bernanke indicated that risks to the US economy have reduced and policy makers could lower … Continue reading →

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GBP/USD: Pound dropped following BoE minutes

Posted on June 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 1.00% against the USD and closed at 1.5474, as investor sentiment dented after the Bank of England Governor, Mervyn King in his final speech opined that the central bank needs … Continue reading →

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