AUD/USD: RBA slashes core inflation forecast for 2016

Posted on May 6, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.07% against the USD to close at 0.7470. LME Copper prices declined 1.35% or $66.0 /MT to $4826.0 /MT. Aluminium prices declined 0.59% or $9.5 /MT to $1601.5 … Continue reading →

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USD/CAD: Loonie trading lower, ahead of Canada’s unemployment rate data

Posted on May 6, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.2856. In economic news, Canadian building permits declined more-than-expected by 7.0% MoM in March, compared to market expectations for a fall … Continue reading →

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

Posted on May 6, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9681. In the Asian session, at GMT0300, the pair is trading at 0.9683, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/JPY: Japan’s service sector contracted in April

Posted on May 6, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.30% against the JPY and closed at 107.26. In the Asian session, at GMT0300, the pair is trading at 107.08, with the USD trading 0.17% lower from yesterday’s … Continue reading →

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GBP/USD: British service sector slumped in April

Posted on May 6, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.09% against the USD and closed at 1.4491, after UK’s Markit service PMI declined more-than-expected to a level of 52.3 in April, its lowest reading in more than … Continue reading →

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EUR/USD: Euro trading tad higher, ahead of Germany’s construction PMI data

Posted on May 6, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.75% against the USD and closed at 1.1404, after the ECB, in its economic bulletin, issued a gloomy inflation outlook and warned over downside risks to the Euro-zone … Continue reading →

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AUD/USD: Australia’s trade deficit narrowed in March

Posted on May 5, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.45% against the USD to close at 0.7465. LME Copper prices declined 1.37% or $68.0 /MT to $4892.0 /MT. Aluminium prices declined 1.10% or $18.0 /MT to $1611.0 … Continue reading →

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USD/CAD: Canada’s international merchandise trade deficit reached a record high in March

Posted on May 5, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.23% against the CAD to close at 1.2864. The Canadian dollar lost ground, after Canada’s international merchandise trade deficit widened more-than-expected to a record level of C$3.4 billion, … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on May 5, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.9572. In economic news, Switzerland’s UBS real estate bubble index declined to a level of 1.38 in 1Q 2016, its first … Continue reading →

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USD/JPY: Japanese Yen extends its losses in the Asian session

Posted on May 5, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.12% against the JPY and closed at 106.94. In the Asian session, at GMT0300, the pair is trading at 107.10, with the USD trading 0.15% higher from yesterday’s … Continue reading →

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GBP/USD: Pound trading higher, ahead of the UK’s Markit services PMI data

Posted on May 5, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.29% against the USD and closed at 1.4504, after UK’s construction PMI declined more-than-expected to a three-year low level of 52.0 in April, amid concerns about the upcoming … Continue reading →

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