EUR/USD: Euro trading a tad lower, ahead of the ECB’s economic bulletin

Posted on May 5, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.08% against the USD and closed at 1.1491, following downbeat economic releases in the Euro-zone. Data showed that Euro-zone’s final services PMI remained steady at a 14-month low … Continue reading →

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AUD/USD: Aussie extends its losses in the morning session

Posted on May 4, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 2.23% against the USD to close at 0.7498. LME Copper prices declined 1.68% or $85.0 /MT to $4960.0 /MT. Aluminium prices declined 2.63% or $44.0 /MT to $1629.0 … Continue reading →

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USD/CAD: Loonie trading lower. ahead of Canada’s international merchandise trade data

Posted on May 4, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.44% against the CAD to close at 1.2707. In the Asian session, at GMT0300, the pair is trading at 1.2734, with the USD trading 0.21% higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading on a weaker footing in the morning session

Posted on May 4, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CHF and closed at 0.9540. In economic news, Switzerland’s SECO consumer confidence index surprisingly declined to a level of -15.0 in 2Q 2016, compared to … Continue reading →

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USD/JPY: Japanese Yen trading lower this morning

Posted on May 4, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.36% against the JPY and closed at 106.82. In the Asian session, at GMT0300, the pair is trading at 107.1, with the USD trading 0.27% higher from yesterday’s … Continue reading →

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GBP/USD: Pound trading lower, ahead of UK’s construction PMI data

Posted on May 4, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.82% against the USD and closed at 1.4546, after UK’s seasonally adjusted Markit manufacturing PMI unexpectedly declined to a level of 49.2 in April, slipping into contraction territory … Continue reading →

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EUR/USD: Euro trading lower, ahead of the Markit services PMI data across the Euro-zone

Posted on May 4, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.1500. In economic news, the Euro-zone’s producer price index (PPI) rose more-than-expected by 0.3% MoM in March, compared to market expectations … Continue reading →

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AUD/USD: The RBA cuts interest rate to new low of 1.75%

Posted on May 3, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.80% against the USD to close at 0.7669. LME Copper prices rose 2.70% or $132.5/MT to $5045.0/MT. Aluminium prices rose 1.46% or $24.0/MT to $1673.0/MT. In the Asian … Continue reading →

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

Posted on May 3, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD to close at 1.2526. The CAD gained ground, after Canada’s RBC manufacturing PMI advanced to a 16-month high level of 52.2 in April, from … Continue reading →

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USD/CHF: Swiss Franc trading higher, ahead of Switzerland’s SECO consumer confidence index data

Posted on May 3, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CHF and closed at 0.9549. In economic news, Switzerland’s real retail sales declined by 1.3% YoY in March, following a revised 0.4% fall in the … Continue reading →

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USD/JPY: Japanese Yen trading on a stronger footing in the morning session

Posted on May 3, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 106.44. In economic news, Japan’s final Nikkei manufacturing PMI dropped to a three-year low level of 48.2 in April, compared to … Continue reading →

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