USD/JPY: OECD trims Japan’s growth forecast for 2019 and 2020

Posted on May 22, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the JPY and closed at 110.56. The Paris-based international organization (OECD) slashed Japan’s growth forecast for 2019 to 0.7% from 0.8% and to 0.6% from 0.7% … Continue reading →

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GBP/USD: OECD upgrades Britain’s 2019 economic growth forecast

Posted on May 22, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.18% against the USD and closed at 1.2704, after Chancellor, Philip Hammond, warned over the potential impact of no-deal Brexit on the economy. The OECD increased UK’s economic … Continue reading →

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EUR/USD: OECD raises Euro-zone’s growth forecast to 1.4% in 2020

Posted on May 22, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1164. On the macro front, the Euro-zone’s flash consumer confidence index advanced to a 7-month high level of -6.5 in May, … Continue reading →

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AUD/USD: RBA to slash interest rates, minutes indicate

Posted on May 21, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD slightly declined against the USD and closed at 0.6910. LME Copper prices declined 0.7% or $40.0/MT to $5985.0/MT. Aluminium prices declined 3.5% or $64.0/MT to $1786.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its gains in the morning session

Posted on May 21, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CAD and closed at 1.3429. In the Asian session, at GMT0300, the pair is trading at 1.3425, with the USD trading marginally lower against the … Continue reading →

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USD/CHF: Swiss Franc reverses its gains in the Asian session

Posted on May 21, 2019 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 1.0084. On the macro front, Switzerland’s total sight deposits rose to a level of CHF578.3 billion in the week ended 17 … Continue reading →

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USD/JPY: Japan’s housing loans climbed in 1Q 2019

Posted on May 21, 2019 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the JPY and closed at 110.05. In the Asian session, at GMT0300, the pair is trading at 110.18, with the USD trading 0.12% higher against the … Continue reading →

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GBP/USD: British Pound trading slightly higher in the morning session

Posted on May 21, 2019 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.2727. In the Asian session, at GMT0300, the pair is trading at 1.2730, with the GBP trading a tad higher against … Continue reading →

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EUR/USD: Euro-zone’s current account surplus narrowed in March

Posted on May 21, 2019 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.05% against the USD and closed at 1.1168. In economic news, the Euro-zone’s seasonally adjusted current account surplus unexpectedly narrowed to €24.7 billion in March, compared to a … Continue reading →

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AUD/USD: Aussie reverses its losses in the Asian session

Posted on May 20, 2019 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.39% against the USD and closed at 0.6865 on Friday. LME Copper prices declined 1.1% or $64.0/MT to $6025.0/MT. Aluminium prices rose 1.0% or $18.0/MT to $1850.0/MT. In … Continue reading →

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USD/CAD: Loonie extends its gains in the morning session

Posted on May 20, 2019 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD and closed at 1.3459 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3436, with the USD trading 0.17% lower … Continue reading →

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