GBP/USD: UK unemployment rate slid to six-year low level

Posted on July 17, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.7139, despite data indicating a better than expected employment data from the UK. The unemployment rate in the UK dropped to … Continue reading →

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EUR/USD: ECB not sure of introducing QE in the Euro-zone, ECB’s Nowotny

Posted on July 17, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.3527. Remarks from the Fed Chief, Janet Yellen, continued to support the greenback. In her testimony, Yellen convinced lawmakers that the … Continue reading →

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USD/CAD: Loonie loses ground ahead of the BoC policy meeting

Posted on July 16, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.40% against the CAD to close at 1.0757. On the macro front, existing home sales in Canada increased 0.8% in June, on a monthly basis, as compared to … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the Asian session

Posted on July 16, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.8959. On the macro front in Switzerland, the producer and import price index dropped 0.8% in June, in line with market … Continue reading →

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USD/JPY: Yen trading above its MA’s

Posted on July 16, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.13% against the JPY and closed at 101.68, after the Fed Chief, Janet Yellen hinted that rates are likely to remain steady for a considerable period of time … Continue reading →

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GBP/USD: Timing of rise in interest rate would depend on data, BoE’s Carney

Posted on July 16, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.7142, after the UK inflation data rose 1.9% on a yearly basis in June, closer to the BoE’s 2% target and … Continue reading →

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AUD/USD: Aussie trading below its MA’s

Posted on July 16, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.28% against the USD to close at 0.9369. LME Copper prices declined 0.7% or $52.0/MT to $ 7102.5/MT. Aluminium prices rose 0.3% or $5.0/MT to $ 1928.0/MT. In … Continue reading →

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EUR/USD: US would not hike its rates for some more time, Fed’s Yellen

Posted on July 16, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.3568 after disappointing ZEW sentiment indexes for Germany and the Euro-zone and following Janet Yellen’s testimony. The USD received a boost … Continue reading →

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AUD/USD: Aussie continues to be strong, reveals RBA’s minutes

Posted on July 15, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.11% against the USD to close at 0.9395. LME Copper prices marginally rose or $3.5/MT to $ 7154.5/MT. Aluminium prices rose 0.9% or $ 16.5/MT to $ 1923.0/MT. … Continue reading →

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USD/CAD: Canadian housing prices overvalued, warns Fitch

Posted on July 15, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0714. On the macro front, the Teranet and National Bank of Canada reported that housing price index in Canada on a … Continue reading →

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USD/CHF: Swiss Franc trading tad lower in the Asian session

Posted on July 15, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.8918. In the Asian session, at GMT0300, the pair is trading at 0.8922, with the USD trading marginally higher from yesterday’s … Continue reading →

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