Monthly Archives: September 2016

USD/CHF: Swiss Franc reverses its gains this morning

Posted on September 22, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.58% against the CHF and closed at 0.9731. The Swiss National Bank (SNB), in its latest quarterly bulletin, remained broadly optimistic about Switzerland’s economic outlook. Further, the central … Continue reading →

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USD/JPY: Japanese Yen trading lower in the Asian session

Posted on September 22, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.38% against the JPY and closed at 100.32. In economic news, data suggested that Japan’s final machine tool orders dropped by 8.4% YoY in August, confirming the preliminary … Continue reading →

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GBP/USD: OECD halves UK growth forecast for 2017, blames it on Brexit

Posted on September 22, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.34% against the USD and closed at 1.3031. Yesterday, the Organisation for Economic Co-operation and Development (OECD) stated that Brexit is likely to hit the UK economy later, … Continue reading →

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EUR/USD: Euro trading a tad lower, ahead of the ECB President, Mario Draghi’s speech

Posted on September 22, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.31% against the USD and closed at 1.1188. The US Dollar lost ground against its major peers, after the US Federal Reserve (Fed), in its recent monetary policy … Continue reading →

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

Posted on September 21, 2016 by GCI Financial

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil surged 3.68% against the USD and closed at USD44.84 per barrel, after the American Petroleum Institute (API) reported a substantial draw of 7.5 million barrels in the US … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on September 21, 2016 by GCI Financial

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.39% against the USD and closed at USD19.30, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 19.27, with the silver trading … Continue reading →

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Gold: Yellow metal extends its gains in the morning session

Posted on September 21, 2016 by GCI Financial

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.11% against the USD and closed at USD1318.20 per ounce, rising for the first time in four sessions. Meanwhile, investors remain cautious ahead of the much awaited Federal Reserve … Continue reading →

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AUD/USD: Aussie trading flat in the morning session

Posted on September 21, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.23% against the USD and closed at 0.7555. LME Copper prices rose 0.02% or $1.0/MT to $4732.5/MT. Aluminium prices rose 0.29% or $4.5/MT to $1563.0/MT. In the Asian … Continue reading →

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USD/CAD: BoC Governor asks Canadians to get used to low interest rates

Posted on September 21, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CAD and closed at 1.3184. Yesterday, in a speech at a news conference in Quebec City, the Bank of Canada Governor, Stephen Poloz, stated that … Continue reading →

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USD/CHF: Swiss economy to expand by 1.5% in 2016: SECO

Posted on September 21, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9788. Yesterday, in its latest quarterly report, the Swiss State Secretariat for Economic Affairs (SECO) slightly upgraded Switzerland’s economic growth forecast … Continue reading →

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USD/JPY: BoJ leaves key interest rate unchanged

Posted on September 21, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the JPY and closed at 101.72. In the Asian session, at GMT0300, the pair is trading at 101.5, with the USD trading 0.22% lower against the … Continue reading →

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