USD/JPY: Japanese Yen trading higher after the BoJ’s Policy Meeting

Posted on August 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD is trading marginally lower against the JPY and closed at 102.07. In the Asian session, at GMT0300, the pair is trading at 101.78, with the USD trading 0.28% lower … Continue reading →

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AUD/USD: No interest rate hike soon, says RBA

Posted on August 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.86% against the USD to close at 0.9269 LME Copper prices declined 0.2% or $14.5/MT to $6980.5/MT. Aluminium prices rose 1.6% or $31.0/MT to $2014.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie continues with its losses in the Asian session

Posted on August 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD gained 0.12% against the CAD to close at 1.0931. In economic news, the seasonally adjusted Ivey Purchasing Managers’ Index in Canada advanced at the fastest pace in three months … Continue reading →

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USD/CHF: Swiss Franc reverses its losses in the Asian session, ahead of Swiss unemployment rate

Posted on August 8, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD gained 0.14% against the CHF and closed at 0.9089. On the macro level, the SECO consumer climate in Switzerland fell unexpectedly to -1.0 in Q2 2014. Markets anticipations for … Continue reading →

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EUR/USD: ECB expresses concern as Russia imposes sanctions on Europe

Posted on August 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.3361, as European Central Bank (ECB) President, Mario Draghi, cautioned that the sanctions war against Russia could worsen the economic outlook … Continue reading →

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AUD/USD: Aussie trading lower after unemployment rate hits 12-year high

Posted on August 7, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.49% against the USD to close at 0.9349. LME Copper prices declined 1.5%or $105.5/MT to $6995.0/MT. Aluminium prices declined 0.9% or $18.5/MT to $1983.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian trade surplus notched a two and a half year high level in June

Posted on August 7, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD to close at 1.0918. In economic news, Canada’s merchandise trade balance recorded an unexpectedly large trade surplus of C$1.86 billion, compared to a surplus … Continue reading →

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USD/CHF: Swiss Franc trading below its MA’s

Posted on August 7, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9076. In economic news, the consumer price index declined 0.4% in Switzerland, on a monthly basis in July, in line with … Continue reading →

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USD/JPY: Japanese Yen reverses its gain in the Asian session

Posted on August 7, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.50% against the JPY and closed at 102.11. On the macro front, Japan’s leading index rose to a level of 105.5 in June, for the first time in … Continue reading →

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GBP/USD: British Pound trading a tad higher ahead of BoE’s interest rate decision

Posted on August 7, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.17% against the USD and closed at 1.6852 after NIESR reported that UK’s GDP grew by 0.6% in the three months to July, making it the slowest rise … Continue reading →

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EUR/USD: Euro trading a tad higher ahead of ECB’s interest rate decision

Posted on August 7, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.3383. In economic news, in Germany, Eurozone’s biggest economy, factory orders plunged at their fastest rate in nearly three years in … Continue reading →

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