Monthly Archives: February 2015

GBP/USD: Pound extends its losses ahead of Britain’s construction PMI data

Posted on February 3, 2015 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.35% against the USD and closed at 1.5032. Losses were capped, following upbeat Markit manufacturing PMI data in the UK. The UK Markit manufacturing PMI climbed more than … Continue reading →

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EUR/USD: Euro trading lower in the Asian session

Posted on February 3, 2015 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.24% against the USD and closed at 1.1337. In economic news, Germany’s final Markit manufacturing PMI unexpectedly recorded a drop to 50.9 in January, compared to a level … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on February 2, 2015 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.14% against the USD to close at 0.7781. LME Copper prices rose 2.12% or $114.5/MT to $5505.0/MT. Aluminium prices rose 0.82% or $15.0/MT to $1837.5/MT. In the Asian session, at GMT0400, the pair … Continue reading →

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Crude Oil: Oil trading above its MA’s

Posted on February 2, 2015 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices advanced 6.71% against the USD for the period ending 21:00GMT, closing at 47.58, as concerns of supply disruption rose following renewed violence in Iraq. In the Asian session, at GMT0400, the pair … Continue reading →

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Silver: White metal reverses its gains this morning

Posted on February 2, 2015 by GCI Financial

Silver Movement On Friday, Silver prices rose 1.59% to USD 17.26 per ounce during the period ending 21:00GMT, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.17, with the silver trading 0.52% … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on February 2, 2015 by GCI Financial

Gold Movement On Friday, Gold prices traded higher by 1.92% against the USD in the period ending 21:00GMT, at 1283.50 per ounce, rebounding strongly from its previous session losses, following dismal US 4Q GDP data, as the nation’s economy rose … Continue reading →

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USD/CAD: Canada’s economy shrank surprisingly in November

Posted on February 2, 2015 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.55% against the CAD to close at 1.2689. The Canadian Dollar came under pressure, after Canada’s GDP unexpectedly contracted 0.2% on a monthly basis in November, posting its biggest drop in 11 months … Continue reading →

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USD/CHF: Swiss Franc reverses its gains ahead of the Swiss SVME PMI data

Posted on February 2, 2015 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.49% against the CHF and closed at 0.9180, after the US annualised GDP expanded less than expected in 4Q 2014. In economic news, Switzerland’s KOF leading indicator unexpectedly climbed to a level of … Continue reading →

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USD/JPY: Japanese Yen trading on a weaker footing this morning

Posted on February 2, 2015 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.73% against the JPY and closed at 117.49, following weaker than expected 4Q US GDP data. In the Asian session, at GMT0400, the pair is trading at 117.77, with the USD trading 0.24% … Continue reading →

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GBP/USD: Pound trading higher ahead of Britain’s Markit manufacturing PMI data

Posted on February 2, 2015 by GCI Financial

GBPUSD Movement On Friday, GBP marginally declined 0.09% against the USD and closed at 1.5058, following disappointing consumer credit data in the UK. Consumer credit in the UK advanced less than expected to £0.58 billion in December, compared to a … Continue reading →

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EUR/USD: Euro trading higher ahead of the Euro-zone’s manufacturing PMI data

Posted on February 2, 2015 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.31% against the USD and closed at 1.1293, following downbeat inflation data in the Euro-zone. The Euro-zone’s CPI fell more than expected 0.6% on a YoY basis in January, against market expectations for … Continue reading →

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