GBP/USD: UK’s consumer credit surged to its highest level since November 2016 in May

Posted on June 30, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.56% against the USD and closed at 1.3010, following upbeat economic data in the UK. Data showed that Britain’s net consumer credit advanced more-than-expected by £1.7 billion in … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Germany’s annual inflation topped market expectations in June

Posted on June 30, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.56% against the USD and closed at 1.1442, after Germany’s preliminary consumer price index (CPI) advanced more-than-expected by 1.6% on an annual basis in June, suggesting that a … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australia’s new home sales advanced in May

Posted on June 29, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.65% against the USD and closed at 0.7637. LME Copper prices rose 0.6% or $33.0/MT to $5822.0/MT. Aluminium prices rose 1.3% or $24.5/MT to $1886.0/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: BoC’s Stephen Poloz signals rate hike in July

Posted on June 29, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.03% against the CAD and closed at 1.3038. The Canadian Dollar surged against the USD, after the Bank of Canada (BoC) Governor, Stephen Poloz, boosted speculation that an … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss ZEW expectations index dropped in June while UBS consumption indicator advanced in May

Posted on June 29, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD slightly declined against the CHF and closed at 0.9596. In economic news, Switzerland’s ZEW economic expectations index dropped to a level of 20.7 in June, after recording a reading … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japan’s retail trade sharply declined in May

Posted on June 29, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the JPY and closed at 112.36. On the macro front, Japan’s small business confidence index rose to a level of 49.2 in June, at par with … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Some removal of monetary stimulus is likely to become necessary: BoE Governor

Posted on June 29, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.93% against the USD and closed at 1.2938, following hawkish comments from the Bank of England (BoE) Governor, Mark Carney, that indicated support for a rate hike if … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading higher, ahead of Germany’s crucial inflation data

Posted on June 29, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.33% against the USD and closed at 1.1378. On the economic front, Italy’s flash consumer price index (CPI) unexpectedly dropped 0.1% on a monthly basis in June, defying … Continue reading →

Posted in EUR/USD | Comments Off

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

Posted on June 28, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.08% against the USD and closed at 0.7588. LME Copper prices rose 0.3% or $18.0/MT to $5789.0/MT. Aluminium prices rose 0.4% or $6.5/MT to $1861.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading on a stronger footing, ahead of the BoC Governor’s speech

Posted on June 28, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CAD and closed at 1.3174. In the Asian session, at GMT0300, the pair is trading at 1.3148, with the USD trading 0.2% lower against the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading a tad higher, ahead of Switzerland’s ZEW expectations and UBS consumption indicator data

Posted on June 28, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.29% against the CHF and closed at 0.9600. In the Asian session, at GMT0300, the pair is trading at 0.9598, with the USD trading slightly lower against the … Continue reading →

Posted in USD/CHF | Comments Off