USD/CHF: Risks from negative rates are rising in Switzerland, says OECD

Posted on November 29, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.54% against the CHF and closed at 1.0135. Yesterday, the OECD warned that risks posed by negative interest rates have not materialized so far in Switzerland, although they … Continue reading →

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USD/JPY: BOJ needs to maintain monetary easing but should monitor risks: OECD

Posted on November 29, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the JPY and closed at 111.81. Yesterday, the OECD, in its economic outlook report, forecasted that Japanese economy will grow 1.0% next year before slowing to … Continue reading →

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GBP/USD: UK’s economic growth to slowdown sharply in 2017, on Brexit uncertainties

Posted on November 29, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.87% against the USD and closed at 1.2416, after OECD predicted steep fall in UK’s economic growth in 2017, following Brexit uncertainties. Yesterday, the OECD upgraded its growth … Continue reading →

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EUR/USD: Stimulus is a key ingredient of ongoing Euro-zone recovery: ECB’s Draghi

Posted on November 29, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.0619. Yesterday, the European Central Bank (ECB) President, Mario Draghi, at a hearing of the Committee on Economic and Monetary Affairs … Continue reading →

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

Posted on November 28, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.34% against the USD and closed at 0.7428 on Friday. LME Copper prices declined 0.21% or $12.0/MT to $5822.5/MT. Aluminium prices declined 1.3% or $23.0/MT to $1751.0/MT. In … Continue reading →

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USD/CAD: Loonie trading higher, ahead of BoC Governor’s speech

Posted on November 28, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CAD and closed at 1.3532 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3475, with the USD trading 0.42% lower … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the morning session

Posted on November 28, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 1.0142 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.0096, with the USD trading 0.45% lower … Continue reading →

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USD/JPY: Japanese Yen trading on a stronger footing, ahead of Japan’s unemployment rate

Posted on November 28, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.24% against the JPY and closed at 113.04 on Friday. In the Asian session, at GMT0400, the pair is trading at 111.97, with the USD trading 0.95% lower … Continue reading →

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GBP/USD: UK’s GDP growth confirmed at 0.5% in the third quarter

Posted on November 28, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.2476 on Friday, after the second estimate of UK’s gross domestic product (GDP) climbed 0.5% on a quarterly basis in the … Continue reading →

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EUR/USD: Euro trading higher, ahead of ECB President’s speech

Posted on November 28, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.24% against the USD and closed at 1.0581 on Friday. In economic news, data indicated that French consumer confidence remained steady at a level of 98.0 in November, … Continue reading →

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

Posted on November 25, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.31% against the USD and closed at 0.7403. LME Copper prices rose 4.9% or $270.5/MT to $5834.5/MT. Aluminium prices rose 0.5% or $8.5/MT to $1774.0/MT. In the Asian … Continue reading →

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