Monthly Archives: May 2014

USD/CHF: Swiss Franc trading marginally higher in a holiday-thin trading session

Posted on May 1, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8802, as a downbeat US GDP data for the first quarter disappointed market sentiment. On the economic front, the UBS consumption … Continue reading →

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USD/JPY: Central bank would not hesitate to alter its policy if risks materialise, says BoJ’s Governor, Kuroda

Posted on May 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.38% against the JPY and closed at 102.25, following a lacklustre US first-quarter GDP data. Yesterday, following the BoJ’s decision to keep its monetary policy intact, the bank’s … Continue reading →

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GBP/USD: UK Pound trading tad higher ahead of a slew of UK economic releases

Posted on May 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.6876 as the latter declined following the release of a soft US GDP data for the first-quarter. In the UK, BoE’s … Continue reading →

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EUR/USD: Fed continues tapering despite soft US GDP

Posted on May 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.3870. The US Dollar lost ground after data showed that annualised GDP in the US rose 0.1% in the first quarter, … Continue reading →

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