GBP/USD: UK economy would grow at a faster pace this year and next: OECD

Posted on May 31, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.20% against the USD and closed at 1.3284. Yesterday, the Paris based think tank, OECD raised Britain’s growth outlook to 1.4% this year and to 1.3% in 2019, … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: German inflation figures climbed more than estimated

Posted on May 31, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.07% against the USD and closed at 1.1664, as renewed efforts to form a coalition government in Italy reduced fears of an early election. On the economic front, … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australia’s building approvals plunged in April

Posted on May 30, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.58% against the USD and closed at 0.7502. LME Copper prices declined 0.65% or $44.5/MT to $6841.5/MT. Aluminium prices declined 0.96% or $44.5/MT to $2260.0/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading on a weaker footing, ahead of BoC’s interest rate decision

Posted on May 30, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD and closed at 1.3020. In the Asian session, at GMT0300, the pair is trading at 1.3028, with the USD trading 0.06% higher against the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss trade surplus widened beyond expectations in April

Posted on May 30, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9910. On the data front, Switzerland’s trade surplus widened more-than-expected to CHF2.3 billion in April, after registering a revised surplus of … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japan’s retail trade sharply rebounded in April, whereas large retailers’ sales surprisingly dipped in the same month

Posted on May 30, 2018 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.78% against the JPY and closed at 108.58. The Japanese Yen gained ground against the USD, as political turmoil in Italy boosted demand for the safe haven currency. … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Pound trading lower in the Asian session

Posted on May 30, 2018 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3258. In the Asian session, at GMT0300, the pair is trading at 1.3247, with the GBP trading 0.08% lower against the … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading on a weaker footing, ahead of key economic releases across the Euro-zone

Posted on May 30, 2018 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.75% against the USD and closed at 1.1541, as deepening political instability in Italy continued to dent investor sentiment. In economic news, French consumer confidence index surprisingly remained … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie trading on a weaker footing this morning

Posted on May 29, 2018 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.29% against the USD and closed at 0.7546. LME Copper prices rose 0.75% or $51.0/MT to $6886.0/MT. Aluminium prices rose 0.48% or $11.0/MT to $2282.0/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading higher this morning

Posted on May 29, 2018 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.05% against the CAD and closed at 1.2995. In the Asian session, at GMT0300, the pair is trading at 1.2989, with the USD trading 0.05% lower against the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading a tad higher this morning

Posted on May 29, 2018 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 0.9934. In economic news, Switzerland’s total sight deposits nudged up to a level of CHF576.6 billion in the week ended 25 … Continue reading →

Posted in USD/CHF | Comments Off