Monthly Archives: June 2014

USD/CHF: SNB ready to act in wake of ECB recent policy actions, says SNB President, Thomas Jordan

Posted on June 20, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CHF to close at 0.8940. Yesterday, the SNB President, Thomas Jordan, at a press conference following the central bank’s decision to keep its interest rate … Continue reading →

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USD/JPY: Japan has only reached the half-way in its path to inflation, opines BoJ’s Governor, Kuroda

Posted on June 20, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally strengthened against the JPY and closed at 101.94. Yesterday, during his testimony before the Upper House Financial Affairs Committee, BoJ Governor, Haruhiko Kuroda affirmed that the central bank’s … Continue reading →

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GBP/USD: Interest rate hike would depend on the performance of the UK economy, hints BoE’s McCafferty

Posted on June 20, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.7039. In the UK, a BoE policymaker, Ian McCafferty, indicated that an interest rate hike in the economy would “depend on … Continue reading →

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EUR/USD: ECB stands prepared for additional unconventional measures should inflation outlook deteriorate, hints ECB’s Constancio

Posted on June 20, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.15% against the USD and closed at 1.3610, The US Dollar extended its fall on Fed’s dovish outlook on the US economy. However, yesterday, official data showed that … Continue reading →

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Crude Oil: Crude pares its losses in the Asian session

Posted on June 19, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 106.26. However, earlier during the day, oil prices rose after the Energy Information Administration (EIA) reported 579,000 barrels drop in … Continue reading →

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Silver: White metal trading lower, following yesterday’s rally

Posted on June 19, 2014 by GCI Financial

Silver Movement Silver prices rose 1.01% to USD 19.92 per ounce during the 24 hours ending 23:00GMT, as Fed’s provided a tepid economic outlook for the US, which fuelled the demand for safe-haven assets. In the Asian session, at GMT0300, … Continue reading →

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Gold: Yellow metal snaps gains in the Asian trading hours

Posted on June 19, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1278.30 per ounce, as traders favoured the safe-haven metal after the Fed slashed its growth-forecast on the US economy for 2014 … Continue reading →

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AUD/USD: Aussie extends its gains in the morning trading hours

Posted on June 19, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.62% against the USD to close at 0.9398. LME Copper prices rose 0.4% or $28.0/MT to $6739.0/MT. Aluminium prices advanced 1.1% or $20.0/MT to $1828.5/MT. In the Asian … Continue reading →

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USD/CAD: Canadian wholesale sales rose twice as much as compared to market expectations for April

Posted on June 19, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CAD to close at 1.0840. On the economic front, Canadian wholesale sales rose 1.2% (MoM) to C$51.2 billion, more than twice as fast as compared … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher ahead of the SNB’s interest rate decision

Posted on June 19, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.8963. In economic releases, the ZEW survey on the economic expectation from the Swiss economy fell to an 11-month low reading … Continue reading →

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USD/JPY: Japanese economy to continue to recover at a moderate pace with a rebound in its exports, projects BoJ’s Morimoto

Posted on June 19, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.24% against the JPY and closed at 101.93, following Fed’s decision to slash its 2014 economic growth-forecast for the US economy. In the Asian session, at GMT0300, the … Continue reading →

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