Monthly Archives: February 2016

GBP/USD: Pound trading lower, ahead of UK’s retail sales data

Posted on February 19, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.33% against the USD and closed at 1.4333. Yesterday, the OECD projected the UK economy to grow by 2.1% in 2016 and 2.0% in 2017, down from an … Continue reading →

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EUR/USD: ECB minutes give strong hints of more aggressive easing in March

Posted on February 19, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.1106, after the ECB’s meeting minutes hinted for more aggressive actions on monetary easing. The minutes of the ECB’s recent monetary … Continue reading →

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Crude Oil: Oil trading lower, ahead of the EIA’s weekly crude oil inventory data

Posted on February 18, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 7.76% against the USD and closed at 31.37, after one of the major oil producers, Iran, voiced its support to freeze production to tackle global supply glut. … Continue reading →

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Silver: White metal extends its gains this morning

Posted on February 18, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.26% against the USD and closed at 15.32, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.33, with the silver trading … Continue reading →

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Gold: Yellow metal trading higher in the Asian session

Posted on February 18, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.46% against the USD and closed at 1208.70, rebounding from its previous session losses, after the Fed minutes raised hopes that the central bank could slow the pace of … Continue reading →

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AUD/USD: Australia’s unemployment rate unexpectedly jumped in January

Posted on February 18, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.82% against the USD and closed at 0.7174. LME Copper prices declined 0.47% or $21.5/MT to $4562.0/MT. Aluminium prices declined 0.56% or $8.5/MT to $1520.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on February 18, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.32% against the CAD and closed at 1.3686. In the Asian session, at GMT0400, the pair is trading at 1.3660, with the USD trading 0.19% lower from yesterday’s … Continue reading →

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USD/CHF: Swiss economic expectations index declined in February

Posted on February 18, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 0.9926. In economic news, Switzerland’s ZEW expectations survey index declined to a level of -5.9 in February, compared to a level … Continue reading →

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USD/JPY: Japan posted a merchandise total trade deficit in January

Posted on February 18, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the JPY and closed at 114.09. In the Asian session, at GMT0400, the pair is trading at 113.95, with the USD trading 0.12% lower from yesterday’s … Continue reading →

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GBP/USD: UK’s unemployment remained steady at a decade low level, while wage growth slowed during December quarter

Posted on February 18, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.13% against the USD and closed at 1.4286, after the release of mixed jobs data in the UK. Data showed that, the ILO unemployment rate unexpectedly remained steady … Continue reading →

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EUR/USD: Euro trading higher in the Asian session

Posted on February 18, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.12% against the USD and closed at 1.1129, after the Euro-zone’s seasonally adjusted construction output fell by 0.6% MoM in December, compared to a revised gain of 0.9% … Continue reading →

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