Monthly Archives: August 2014

USD/CAD: Loonie extends its losses in the Asian session despite upbeat GDP data from Canada

Posted on August 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD to close at 1.0906. The Canadian Dollar lost ground despite Canada’s economic growth data registering its fifth monthly rise, expanding 0.4% (MoM) in May … Continue reading →

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USD/CHF: Swiss Franc converging with its MA’s

Posted on August 1, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9088. The Swiss Franc gained ground despite Moody’s slashing its outlook for Swiss banking system to ‘Negative’ from ‘Stable’. In the … Continue reading →

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USD/JPY: Yen trading lower following soft PMI data.

Posted on August 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.81. Yesterday, the IMF urged Japan to continue implementing economic reforms in the nation as failure to do so would endanger … Continue reading →

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GBP/USD: UK House prices slowed in July, Nationwide

Posted on August 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.11% against the USD and closed at 1.6888. Yesterday, the Nationwide reported that on a monthly basis, the seasonally adjusted house prices in the UK climbed 0.1% in … Continue reading →

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EUR/USD: US Dollar trading tad higher ahead of US nonfarm payrolls data

Posted on August 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.3389, after inflation in the Euro-zone continued its downward trend and fell to its lowest level in almost five years in … Continue reading →

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