USD/CHF: Switzerland’s trade surplus narrowed in April

Posted on May 24, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9757. Meanwhile, data showed that Swiss trade surplus dropped to CHF 1.97 billion in April, from a revised trade surplus of … Continue reading →

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USD/JPY: Japanese Yen trading lower this morning

Posted on May 24, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.43% against the JPY and closed at 111.80. On macro front, Japan’s final machine tool orders rose 34.7% YoY in April, meeting the initial estimates. In the Asian … Continue reading →

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GBP/USD: UK public sector net borrowing rose in April

Posted on May 24, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.2961, after a suspected terrorist attack in UK’s Manchester city killed at least 22 people and left around 60 people injured. … Continue reading →

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EUR/USD: Euro trading slightly lower, ahead of Mario Draghi’s speech

Posted on May 24, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.48% against the USD and closed at 1.1186. Macroeconomic data showed that manufacturing PMI recorded an unexpected rise to a level of 57.0 in May in the Eurozone, … Continue reading →

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AUD/USD: Aussie Dollar trading higher this morning

Posted on May 23, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.17% against the USD and closed at 0.7453. LME Copper prices rose 1.45% or $81.0/MT to $5677.0/MT. Aluminium prices rose 0.26% or $5.0/MT to $1943.0/MT. In the Asian … Continue reading →

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USD/CAD: Canadian Dollar trading higher in the morning session

Posted on May 23, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD and closed at 1.3519. In the Asian session, at GMT0300, the pair is trading at 1.3485, with the USD trading 0.25% lower from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading higher, ahead of Switzerland’s trade balance data for April

Posted on May 23, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0% against the CHF and closed at 0.9739. On macro front, Switzerland’s total sight deposits rose to a level of CHF575.5 billion in the week ended 19 May, … Continue reading →

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USD/JPY: Japan’s manufacturing PMI fell to a six-month low in May

Posted on May 23, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.12% against the JPY and closed at 111.32. Overnight data showed that Japanese manufacturing activity dipped to 52.0 in May from 52.7 reported in the prior month, thereby … Continue reading →

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GBP/USD: Pound trading lower, ahead of the UK public sector net borrowings data

Posted on May 23, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3003. Meanwhile, latest polls showed that the UK Prime Minister, Theresa May’s lead over her opposition leaders had narrowed to nine … Continue reading →

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EUR/USD: The weak Euro is the fault of the ECB’s monetary policies: German Chancellor

Posted on May 23, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.1240, after German Chancellor, Angela Merkel, blamed the European Central Bank’s (ECB) ultra-low interest rates and its quantitative easing programme for … Continue reading →

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

Posted on May 22, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.57% against the USD and closed at 0.7455 on Friday. LME Copper prices rose 1.93% or $106.0/MT to $5596.0/MT. Aluminium prices rose 1.73% or $33.0/MT to $1938.0/MT. In … Continue reading →

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