GBP/USD: Pound trading a tad higher, ahead of key economic releases in the UK

Posted on March 10, 2017 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2153. In the Asian session, at GMT0400, the pair is trading at 1.2159, with the GBP trading slightly higher against the … Continue reading →

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EUR/USD: ECB leaves monetary policy on hold

Posted on March 10, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.0577, after the European Central Bank (ECB) President, Mario Draghi, struck a more optimistic tone on the Euro-zone’s economic recovery. The … Continue reading →

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EUR/USD: German industrial production grew at its quickest pace since August 2016 in January

Posted on March 9, 2017 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.25% against the USD and closed at 1.0539. Macroeconomic data indicated that Germany’s seasonally adjusted industrial production rebounded more-than-expected by 2.8% on a monthly basis in January, notching … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on March 9, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.84% against the USD and closed at 0.7523. LME Copper prices declined 0.4% or $25.0/MT to $5782.0/MT. Aluminium prices rose 1.2% or $23.0/MT to $1881.0/MT. In the Asian … Continue reading →

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USD/CAD: Canada’s housing starts surprisingly jumped in February

Posted on March 9, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CAD and closed at 1.3492. In economic news, Canada’s seasonally adjusted housing starts unexpectedly advanced to a level of 210.2K in February, confounding market consensus … Continue reading →

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USD/CHF: Swiss inflation rises at highest monthly rate in five years in February

Posted on March 9, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.2% against the CHF and closed at 1.0148. On the data front, Switzerland’s consumer price index (CPI) jumped more-than-anticipated by 0.5% on a monthly basis in February, accelerating … Continue reading →

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USD/JPY: Japanese Yen trading marginally lower in the morning session

Posted on March 9, 2017 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.41% against the JPY and closed at 114.44. In the Asian session, at GMT0400, the pair is trading at 114.45, with the USD trading a tad higher from … Continue reading →

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GBP/USD: OBR raises Britain’s GDP growth forecasts in UK’s 2017 Spring Budget

Posted on March 9, 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 1.2167. Yesterday, UK’s Finance Minister, Philip Hammond, in his Budget speech, stated that Britain’s economy is likely to feel the pain … Continue reading →

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

Posted on March 8, 2017 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.16% against the USD and closed at 0.7587. LME Copper prices declined 0.8% or $49.0/MT to $5807.0/MT. Aluminium prices declined 0.5% or $10.0/MT to $1858.0/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading higher, ahead of Canada’s building permits and housing starts data

Posted on March 8, 2017 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD and closed at 1.3409. Macroeconomic data revealed that Canada’s seasonally adjusted Ivey PMI unexpectedly eased to a level of 55.0 in February, compared to … Continue reading →

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USD/CHF: Swiss Franc trading a tad lower, ahead of Switzerland’s consumer price inflation data

Posted on March 8, 2017 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 1.0128. In the Asian session, at GMT0400, the pair is trading at 1.0130, with the USD trading marginally higher against the … Continue reading →

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