GBP/USD: Pound trading higher ahead of the NIESR GDP estimate data

Posted on February 10, 2015 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.11% against the USD and closed at 1.5218. Yesterday, the BoE Governor, Mark Carney mentioned that wage growth in the nation was improving. He also praised the ECB … Continue reading →

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EUR/USD: Euro trading higher in the Asian session

Posted on February 10, 2015 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1326, following encouraging economic releases from Germany. Data revealed that Germany’s trade surplus unexpectedly increased to its highest level of €19.1 … Continue reading →

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

Posted on February 9, 2015 by GCI Financial

AUDUSD Movement On Friday, the commodity linked AUD weakened 0.22% against the USD to close at 0.7788, as a broad strength in the greenback decreased the demand for the commodities as an alternative investment. LME Copper prices rose 1.73% or … Continue reading →

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USD/CAD: Loonie trading higher ahead of Canada’s housing starts data

Posted on February 9, 2015 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.82% against the CAD to close at 1.2536, as the US registered upbeat non-farm payrolls figure in January. On the macro front, Canada’s unemployment rate unexpectedly dropped to a level of 6.6% in … Continue reading →

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USD/CHF: The central bank could further cut its deposit rate, indicated the SNB President

Posted on February 9, 2015 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.55% against the CHF and closed at 0.9264, following better than expected non-farm payrolls data in the US. In economic news, real retail sales in Switzerland advanced 2.2% on an annual basis in … Continue reading →

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USD/JPY: Japanese Yen trading higher this morning

Posted on February 9, 2015 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 1.34% against the JPY and closed at 119.08. In the Asian session, at GMT0400, the pair is trading at 118.78, with the USD trading 0.25% lower from Friday’s close. Japan’s consumer confidence index … Continue reading →

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GBP/USD: Pound trading higher in the Asian session

Posted on February 9, 2015 by GCI Financial

GBPUSD Movement On Friday, the GBP declined 0.67% against the USD and closed at 1.5233, after Britain’s total trade deficit unexpectedly widened to £2.89 billion in December, from a revised total trade deficit of £1.84 billion in the prior month. … Continue reading →

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EUR/USD: Euro trading higher ahead of Germany’s trade balance data

Posted on February 9, 2015 by GCI Financial

EURUSD Movement On Friday, the EUR declined 1.38% against the USD and closed at 1.1318. The USD traded on a stronger footing, after the US non-farm payrolls advanced by 257.00 K in January, compared to a revised gain of 329.00 … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Switzerland’s real retail sales data

Posted on February 6, 2015 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9214. The Swiss Franc gained ground, after Switzerland’s SECO consumer confidence data surprisingly improved to a reading of -6.0 in January, … Continue reading →

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AUD/USD: The RBA cuts Australia’s economic growth and inflation forecasts

Posted on February 6, 2015 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.61% against the USD to close at 0.7805. In economic news, Australia’s AiG performance of construction index advanced to a level of 45.9 in January, from prior month’s … Continue reading →

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USD/CAD: Loonie reverses its gains ahead of Canada’s jobless rate data

Posted on February 6, 2015 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CAD to close at 1.2434. In economic news, the international merchandise trade deficit in Canada widened to CAD0.65 billion in December, compared to market expectations … Continue reading →

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