GBP/USD: Interest rates need to start rising now: BoE’s Michael Saunders

Posted on September 1, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.2941, following hawkish remarks from the Bank of England’s (BoE) monetary policy committee member, Michael Saunders. Michael Saunders urged for an … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro-zone’s annual inflation jumped to a 4-month high in August, unemployment rate remained steady at an 8-year low in July

Posted on September 1, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1913, following robust economic data in the Euro-zone. Data indicated that the Euro-zone’s preliminary consumer price index (CPI) climbed more-than-expected by … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australia’s HIA new home sales dropped in July

Posted on August 31, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.63% against the USD and closed at 0.7905. LME Copper prices declined 0.6% or $42.0/MT to $6755.0/MT. Aluminium prices declined 1.2% or $25.5/MT to $2066.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading on a weaker footing, ahead of Canada’s GDP data

Posted on August 31, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.9% against the CAD and closed at 1.2623. In the Asian session, at GMT0300, the pair is trading at 1.2644, with the USD trading 0.17% higher against the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Switzerland’s ZEW economic expectations index fell in August

Posted on August 31, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.89% against the CHF and closed at 0.9632. On the macro front, Switzerland’s ZEW economic expectations index fell to a level of 25.0 in August, compared to a … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japanese industrial production deteriorated in July

Posted on August 31, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.68% against the JPY and closed at 110.34. In economic news, data indicated that Japan’s small business confidence index registered a drop to a level of 49.0 in … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK’s mortgage approvals surged a 16-month high in July, while consumer credit grew at its weakest pace this year in the same month

Posted on August 31, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2922. On the data front, Britain’s mortgage approvals for house purchases jumped to a sixteen-month high level of 68.7K in July, … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: German inflation advanced as expected in August

Posted on August 31, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.66% against the USD and closed at 1.1896. Macroeconomic data indicated that the Euro-zone’s economic confidence index unexpectedly advanced to a level of 111.9 in August, hitting its … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australia’s building approvals declined in July

Posted on August 30, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.47% against the USD and closed at 0.7955. LME Copper prices rose 1.2% or $83.0/MT to $6797.0/MT. Aluminium prices declined 0.2% or $4.5/MT to $2092.0/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading flat in the Asian session

Posted on August 30, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD slightly declined against the CAD and closed at 1.2510. In the Asian session, at GMT0300, the pair is trading at 1.2510, with the USD trading flat against the CAD … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading on a weaker footing, ahead of key economic releases in Switzerland

Posted on August 30, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.3% against the CHF and closed at 0.9547. In the Asian session, at GMT0300, the pair is trading at 0.9554, with the USD trading 0.07% higher against the … Continue reading →

Posted in USD/CHF | Comments Off