EUR/USD: ECB held benchmark interest rate at 0.05%

Posted on January 22, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.17% against the USD and closed at 1.0871. Yesterday, the ECB held key interest rate at 0.05% but the ECB President, Mario Draghi, warned that the downside risks … Continue reading →

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AUD/USD: Australian new home sales tumbled in November

Posted on January 21, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.20% against the USD to close at 0.6924. LME Copper prices declined 2.11% or $93.5 /MT to $4347.0 /MT. Aluminium prices rose 2.18% or $32.5 /MT to $1461.5 … Continue reading →

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USD/CAD: The BoC held interest rate at 0.5%

Posted on January 21, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD and closed at 1.4498, The CAD gained ground, after the BoC kept benchmark interest rate steady at 0.5%, while remaining cautiously optimistic. . In … Continue reading →

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USD/CHF: Swiss Franc trading higher in the Asian session

Posted on January 21, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 1.0048. In economic news, Switzerland’s ZEW survey of economic expectations index plunged to – 3 in January, registering its weakest reading … Continue reading →

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USD/JPY: Japanese Yen trading on a weaker footing in the Asian session

Posted on January 21, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.6% against the JPY and closed at 116.92. In the Asian session, at GMT0400, the pair is trading at 117.09, with the USD trading 0.14% higher from yesterday’s … Continue reading →

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GBP/USD: UK’s unemployment rate fell to the lowest since January 2006

Posted on January 21, 2016 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.4187, after the release of mixed UK labour data. Data showed that UK’s ILO unemployment rate unexpectedly fell to the lowest … Continue reading →

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EUR/USD: Euro trading on a weaker footing, ahead of ECB’s interest rate decision

Posted on January 21, 2016 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.0889, after Germany’s producer price index declined more than expected by 0.5% on a monthly basis in December, following previous month’s … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on January 20, 2016 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.53% against the USD and closed at 0.69. LME Copper prices rose 1.85% or $80.5/MT to $4440.5/MT. Aluminium prices rose 0.50% or $7.5/MT to $1494.0/MT. In the Asian … Continue reading →

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USD/CAD: IMF cuts Canada’s economic growth outlook for 2017

Posted on January 20, 2016 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 1.4573. Yesterday, the International Monetary Fund (IMF) downgraded its 2017 GDP growth outlook for the Canadian economy to 2.1%, down from … Continue reading →

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USD/CHF: Swiss Franc trading higher, ahead of Switzerland’s ZEW expectations survey data

Posted on January 20, 2016 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 1.0035. In economic news, Switzerland’s producer and import price index fell more-than-expected for the first time in three months by 0.4% … Continue reading →

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USD/JPY: IMF kept Japan’s 2016 growth forecast unchanged at 1.0%

Posted on January 20, 2016 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.19% against the JPY and closed at 117.63. Yesterday, the International Monetary Fund (IMF) indicated that Japan’s economy is likely to expand by 1.0% in 2016, unchanged from … Continue reading →

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