Monthly Archives: June 2014

Gold: Precious metal continues to shine amid strong demand for safe-haven assets

Posted on June 16, 2014 by GCI Financial

Gold Movement On Friday, gold prices traded higher by 0.32% against the USD in the period ending 21:00GMT, at 1277.10 per ounce, as a batch of lacklustre economic releases from the US and ongoing geopolitical tensions in Iraq bolstered the … Continue reading →

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AUD/USD: Unemployment rate in Australia to remain elevated for the next two years, opines RBA’s Kent

Posted on June 16, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.30% against the USD to close at 0.9398. Data from Australia’s largest trading partner, China, showed that factory output in the nation rose 8.8% in May, in-line with market expectations, from a year … Continue reading →

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USD/CAD: Loonie pares its Friday’s losses in the Asian trading hours

Posted on June 16, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose marginally against the CAD to close at 1.0857. The latter came under pressure after data showed that manufacturing sales in Canada unexpectedly declined 0.1% (MoM) in April to $50.9 billion, for the first … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher, following Friday’s loss

Posted on June 16, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.20% against the CHF and closed at 0.9002. On the economic front, the Swiss KOF Institute, in its summer economic forecasts report, slashed its 2014 and 2015 growth-outlook for the Swiss economy to … Continue reading →

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USD/JPY: Yen trading higher amid ongoing geo-political tensions in Iraq

Posted on June 16, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.31% against the JPY and closed at 102.00. Following the BoJ’s decision, to keep its policy stance unchanged at its two-day meeting in June, Governor, Haruhiko Kuroda hinted that central bank’s aggressive easing … Continue reading →

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GBP/USD: Interest rate-hike in the UK economy would reflect normalcy in the economy, opines BoE’s Bean

Posted on June 16, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.24% against the USD and closed at 1.6973, amid lingering optimism on a sooner-than-expected interest rate hike in the UK economy. On the economic front, the CB leading economic index in the UK economy … Continue reading →

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EUR/USD: Euro trading marginally higher ahead of Euro-zone consumer inflation data

Posted on June 16, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.10% against the USD and closed at 1.3536. However, the Euro-zone’s shared currency received some support after ECB’s Benoit Coeur rubbished speculations for an immediate QE measures in the European economy by stating that … Continue reading →

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USD/CAD: Loonie pares its gains in the morning trading session

Posted on June 13, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0855, following the release of soft US retail sales and weekly jobless claims data. Meanwhile, a rise in oil prices supported … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher amid lack of Swiss economic releases

Posted on June 13, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CHF and closed at 0.8984, hurt by a sluggish US retail sales and weekly jobless claims data. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/JPY: BoJ keeps its policy measures unchanged at its June policy meeting

Posted on June 13, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.30% against the JPY and closed at 101.68. In the Asian session, at GMT0300, the pair is trading at 101.77, with the USD trading 0.09% higher from yesterday’s … Continue reading →

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GBP/USD: BoE to raise interest rates sooner than market expectations, hints BoE Governor, Carney

Posted on June 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.85% against the USD and closed at 1.6932, as the BoE Governor, Mark Carney, publically hinted at the possibility for the central bank to raise its key interest … Continue reading →

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