USD/CHF: Swiss Franc trading marginally higher, ahead of Switzerland’s UBS consumption indicator data

Posted on July 26, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.58% against the CHF and closed at 0.9527. In the Asian session, at GMT0300, the pair is trading at 0.9522, with the USD trading a tad lower against … Continue reading →

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USD/JPY: Japanese Yen trading a tad lower in the Asian session

Posted on July 26, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the JPY and closed at 111.88. In the Asian session, at GMT0300, the pair is trading at 111.92, with the USD trading marginally higher against the … Continue reading →

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GBP/USD: Pound trading flat in the Asian session, ahead of UK’s 2Q GDP data

Posted on July 26, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3030. On the data front, Britain’s CBI industrial trends total orders dropped more-than-expected to a level of 10.0 in July, compared … Continue reading →

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EUR/USD: Mood among German businesses surged to record high in July

Posted on July 26, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR slightly rose against the USD and closed at 1.1646, following upbeat Ifo report from Germany. Data indicated that Germany’s Ifo business climate index unexpectedly jumped to a record high … Continue reading →

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AUD/USD: Aussie Dollar trading on a stronger footing this morning

Posted on July 25, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.13% against the USD and closed at 0.7925. Yesterday, the IMF slightly upgraded China’s growth forecast to 6.7% for 2017, up from 6.6% estimated earlier. LME Copper prices … Continue reading →

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USD/CAD: IMF forecasted stronger economic growth for Canada in 2017

Posted on July 25, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.3% against the CAD and closed at 1.2510. Yesterday, the IMF raised its growth outlook for Canadian economy, now expecting it to grow by 2.5% in 2017, up … Continue reading →

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

Posted on July 25, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9472. In economic news, Switzerland’s total sight deposits rose to a level of CHF579.1 billion in the week ended 21 July, … Continue reading →

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USD/JPY: IMF slightly revised up Japan’s growth forecast for 2017

Posted on July 25, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the JPY and closed at 111.17. Yesterday, the IMF stated that it expects Japanese economy to expand by 1.3% this year, buoyed by stronger private consumption, … Continue reading →

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GBP/USD: IMF lowered Britain’s 2017 growth forecasts amid tepid first quarter growth

Posted on July 25, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.3023. Yesterday, the IMF slashed Britain’s growth forecast for 2017 by 0.3% to 1.7%, factoring in a weaker-than-expected first quarter economic … Continue reading →

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EUR/USD: Manufacturing sector across the Euro-zone grew at its slowest pace in 3 months in July

Posted on July 25, 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 1.1640, after data indicated that manufacturing sector growth across the Euro-zone moderated at the start of the third quarter. The Euro-zone’s … Continue reading →

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AUD/USD: Aussie Dollar trading higher in the morning session

Posted on July 24, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.44% against the USD and closed at 0.7916 on Friday. LME Copper prices rose 1.2% or $71.5/MT to $6001.5/MT. Aluminium prices rose 0.2% or $3.0/MT to $1901.0/MT. In … Continue reading →

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