USD/JPY: Japanese Yen trading between its MA’s

Posted on July 28, 2014 by GCI Financial

USDJPY Movement On Friday, the USD is trading marginally lower against the JPY and closed at 101.77. The Japanese Yen extended its previous session’s gains triggered by IMF’s decision to upgrade Japan’s growth outlook for this year. In the Asian … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK economy emerges from six-year downturn, UK Chancellor George Osborne

Posted on July 28, 2014 by GCI Financial

GBPUSD Movement On Friday, the GBP marginally declined against the USD and closed at 1.6980, despite data indicated that the recovery in the British economy is on track. Official data released indicated that GDP rose 0.8% in Q2, on a … Continue reading →

Posted in GBP/USD | Comments Off

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

Posted on July 28, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.19% against the USD to close at 0.9398. Australian Treasurer, Joe Hockey reassured New Zealand, Australia’s second biggest trading partner, that the Australian economy is in good condition and the nation is not … Continue reading →

Posted in AUD/USD | Comments Off

EUR/USD: US dollar trading higher ahead of US services and composite PMI data

Posted on July 28, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.23% against the USD and closed at 1.3433, after the Ifo sentiment indices from Germany, Euro-zone’s largest economy, disappointed. Data showed that the German business sentiment dropped for a third consecutive month to 108.0 … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie trading below its MA’s

Posted on July 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.9416, after the IMF lowered its growth forecast for Australia’s largest trading partner, China, to 7.4% for 2014 from previous estimate … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie reverses its losses in the Asian session

Posted on July 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0745. The Canadian Dollar lost ground after investor sentiment in the nation dented following the Canadian government’s decision to impose further … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Cap on the Swiss Franc would continue for some more time, SNB’s Jordan

Posted on July 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD traded flat against the CHF and closed at 0.9025. Yesterday, in an interview, the SNB Chairman Thomas Jordan echoed his earlier comments that the central bank would maintain a … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Yen trading flat following a slowdown in Japan’s inflation rate

Posted on July 25, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.25% against the JPY and closed at 101.79. Yesterday, the IMF upgraded its economic growth forecasts for Japan to 1.6% in 2014, hinting that the nation made significant … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Pound trading tad lower ahead of the UK GDP data

Posted on July 25, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.6988, following downbeat retail sales data from the UK. Official data revealed that retail sales rose 0.1% in June, on a … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro extends its gains following upbeat PMI numbers from the Euro-zone

Posted on July 25, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.3464, following upbeat PMI numbers from across the Euro-zone. The manufacturing activity of German expanded to a level of 52.9 in … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie on a higher footing following China PMI data

Posted on July 24, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.52% against the USD to close at 0.9440. LME Copper prices rose 0.1% or $4.5/MT to $ 7065.0/MT. Aluminium prices declined 0.5% or $9.5/MT to $ 2011.0/MT. In … Continue reading →

Posted in AUD/USD | Comments Off