USD/CHF: Higher Swiss Franc hurts economy, says Zurbruegg

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell marginally against the CHF and closed at 0.9324. The Swiss National Bank (SNB) official, Fritz Zurbruegg commented that, the currency is still overvalued and that would bear severe consequences … Continue reading →

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USD/JPY: Yen weakens on increased speculation of more easing measures ahead of BoJ meeting next week

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 98.22. The Yen recorded losses, ahead of the Bank of Japan’s (BoJ) policy meeting next week as market participants anticipate for further … Continue reading →

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GBP/USD: UK retail sales fell in March

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.25% against the USD and closed at 1.5283. In the UK, retail sales dropped 0.7% (MoM) in March, compared to a 2.1% increase recorded in the previous month. In the … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD fell marginally against the USD to close at 1.0295. LME Copper prices declined 1.5% or $104.5/MT to $6962.5/MT. Aluminium prices rose 1.0% or $18.5/MT to $1874.0/MT. In the Asian session, at … Continue reading →

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GBP/USD: Sterling weighed by UK unemployment data, BoE minutes; trading higher this morning

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5245, the Bank of England’s (BoE) policy makers continued to remain divided for further asset purchases as the latest minutes revealed that the … Continue reading →

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AUD/USD: Aussie gains as business sentiment in Australia improves significantly

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.77% against the USD to close at 1.0302. LME Copper prices declined 2.1% or $1520/MT to $7067.0/MT. Aluminium prices declined 0.3% or $5.5/MT to $1855.5/MT. In the Asian session, at … Continue reading →

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EUR/USD: European debt crisis could last a decade, cautions Bundesbank Chief

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.3035, as investor sentiment dented after European Central Bank’s (ECB) Governing Council member and Bundesbank Chief, Jens Weidmann, stated that the ECB could … Continue reading →

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USD/JPY: Japan’s merchandise trade deficit narrowed in March

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.44% against the JPY and closed at 98.07. In economic news, the seasonally adjusted consumer confidence index in Japan rose to a reading of 44.8 in March, from a … Continue reading →

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USD/CAD: Loonie retreated after BoC lowered growth outlook; trading higher this morning

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0265. The Loonie came under pressure after the Bank of Canada’s (BoC) monetary policy committee voted to maintain its overnight borrowing rate … Continue reading →

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USD/CHF: Switzerland’s trade balance data due later today

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9326. In Switzerland’s economic news, the ZEW survey indicator of economic expectations surged to a reading of 20.0 in April, compared to … Continue reading →

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USD/JPY: Pair trading above its MA’s

Posted on April 17, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.84% against the JPY and closed at 97.62. In the Asian session, at GMT0300, the pair is trading at 98.15, with the USD trading 0.54% higher from yesterday’s close. The … Continue reading →

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