EUR/USD: Low inflation in the Euro-bloc could damage growth, IMF’s Lagarde

Posted on July 21, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.06% against the USD and closed at 1.3531, reversing its initial loses after tensions escalated in Ukraine and Israel. Meanwhile, the common currency continued to remain under pressure after the US and the EU … Continue reading →

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AUD/USD: Aussie reverses its losses this morning

Posted on July 18, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.30% against the USD to close at 0.9338. LME Copper prices declined 1.1% or $ 81.5/MT to $ 7030.5/MT. Aluminium prices rose 0.3% or $5.0/MT to $ 1967.5/MT. … Continue reading →

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USD/CAD: Loonie on a higher footing ahead of Canadian CPI data

Posted on July 18, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.0764. On the macro front, data released indicated that the foreign investors have remained net buyers of C$21.43 billion worth of … Continue reading →

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USD/CHF: Swiss Franc showing convergence with its MA’s

Posted on July 18, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 0.8976. In the Asian session, at GMT0300, the pair is trading at 0.8976, with the USD trading flat from yesterday’s close. … Continue reading →

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USD/JPY: QE to continue in order to achieve price stability target of 2%, BoJ

Posted on July 18, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.52% against the JPY and closed at 101.13. The safe haven appeal of the Japanese Yen rose on speculations of a terrorist attack on a Malaysian Airlines plane … Continue reading →

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GBP/USD: British Pound trading tad higher in Asian session

Posted on July 18, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.27% against the USD and closed at 1.7092. Yesterday, a private survey conducted by Reuters, revealed that the BoE is expected to raise its key rates from their … Continue reading →

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EUR/USD: Euro-zone inflation remains weak at 0.5% in June

Posted on July 18, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.3523, after data released indicated that the inflation in the Euro-zone continued to remain way below the ECB’s 2% target. The … Continue reading →

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AUD/USD: Aussie converging with both its MA’s

Posted on July 17, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally weakened against the USD to close at 0.9366. LME Copper prices rose 0.1% or $9.5/MT to $ 7112.0/MT. Aluminium prices rose 1.8% or $34.5/MT to $ 1962.5/MT. In … Continue reading →

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USD/CAD: BoC maintained interest rate at 1.0%

Posted on July 17, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD to close at 1.0740. Yesterday, the Bank of Canada in its monthly monetary policy meeting held its benchmark interest rate steady at 1%. The … Continue reading →

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USD/CHF: Swiss economic expectations plunged to 18-month low level in July

Posted on July 17, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.8982. The Swiss Franc lost ground, after the ZEW survey reported that economic expectations in Switzerland declined to 18-month low level … Continue reading →

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USD/JPY: Yen trading below its MA’s

Posted on July 17, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 101.66. Yesterday, the BoJ in its monthly economic report indicated that the output gap between the Japan’s domestic demand and the … Continue reading →

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