GBP/USD: Pound trading higher ahead of BoE’s monetary policy meeting

Posted on November 2, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.29% against the USD and closed at 1.3249. Macroeconomic data showed that UK’s manufacturing PMI rose to 56.3 in October due to a surge in new orders, from … Continue reading →

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EUR/USD: Euro trading on a stronger footing this morning

Posted on November 2, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.1619. The US Federal Reserve (Fed), at its recent policy meeting, decided to keep its benchmark interest rate target between 1.00% … Continue reading →

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AUD/USD: Australia’s manufacturing sector growth slowed in October

Posted on November 1, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.46% against the USD and closed at 0.7654. LME Copper prices declined 0.3% or $21.0/MT to $6802.0/MT. Aluminium prices fell 0.1% or $3.0/MT to $2140.0/MT. Overnight data revealed … Continue reading →

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USD/CAD: Canadian economy showed an unexpected contraction in August

Posted on November 1, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CAD and closed at 1.2897, after macroeconomic data showed that Canada’s economy unexpectedly contracted in August, supporting the Bank of Canada’s (BoC) view to take … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of the SVME – PMI data

Posted on November 1, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.9973. Meanwhile, the Swiss National Bank reported a record profit of CHF32.5 billion for the third quarter amid a drop in … Continue reading →

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USD/JPY: Japanese manufacturing PMI dropped less than expected in October

Posted on November 1, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.45% against the JPY and closed at 113.64. Overnight data indicated that the final Nikkei manufacturing PMI in Japan fell less than previously expected to a level of … Continue reading →

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GBP/USD: Pound trading lower this morning ahead of Britain’s manufacturing PMI

Posted on November 1, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.61% against the USD and closed at 1.3287, amid news that the EU’s Chief Brexit negotiator, Michel Barnier, indicated that he was ready to speed up talks with … Continue reading →

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EUR/USD: Eurozone GDP advanced for the third quarter, but inflation growth slowed in October

Posted on November 1, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.1649, following solid reports on the Eurozone economic growth and unemployment rate. Data showed that the region’s GDP grew by 0.6% … Continue reading →

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AUD/USD: Australia’s new home sales declined in September

Posted on October 31, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.20% against the USD and closed at 0.7689. LME Copper prices declined 0.1% or $8.5/MT to $6823.0/MT. Aluminium prices rose 1.1% or $24.0/MT to $2143.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading lower this morning ahead of Canada’s GDP data and BoC Governor Poloz’s speech

Posted on October 31, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD and closed at 1.2831. In the Asian session, at GMT0400, the pair is trading at 1.2841, with the USD trading 0.08% higher from yesterday’s … Continue reading →

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USD/CHF: Switzerland’s KOF leading indicator reached its highest level since September 2010

Posted on October 31, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.9956. In economic news, Swiss KOF leading indicator rose to 109.1 in October, hitting its highest level since September 2010, from … Continue reading →

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