USD/JPY: BoJ maintained its policy and slashes its economic forecast

Posted on July 15, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.16% against the JPY and closed at 101.54. In the Asian session, at GMT0300, the pair is trading at 101.63, with the USD trading 0.09% higher from yesterday’s … Continue reading →

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GBP/USD: UK retail sales growth dropped in June, indicates BRC

Posted on July 15, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.7089. In the Asian session, at GMT0300, the pair is trading at 1.7079, with the GBP trading 0.06% lower from yesterday’s … Continue reading →

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EUR/USD: Overvalued Euro might pose a risk to recovery, says ECB’s Draghi

Posted on July 15, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.3621. Yesterday, the ECB Chief, Mario Draghi expressed concerns over a stronger Euro and urged that it would hurt the recovery … Continue reading →

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AUD/USD: AUD to fall on US rate increase, RBA’s Stevens

Posted on July 14, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.10% against the USD to close at 0.9385. LME Copper prices rose 0.6% or $41.0/MT to $ 7151.0/MT. Aluminium prices rose 1.1% or $21.0/MT to $ 1906.5/MT. Over the weekend, the Reserve Bank … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on July 14, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.74% against the CAD to close at 1.0730. The Loonie lost ground after disappointing jobs data from Canada and as crude prices declined. The unemployment rate rose to 7.1% in June, the highest … Continue reading →

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USD/CHF: Swiss Franc reversed its gains in the Asian session

Posted on July 14, 2014 by GCI Financial

USDCHF Movement On Friday, the USD marginally declined against the CHF and closed at 0.8923. In the Asian session, at GMT0300, the pair is trading at 0.8926, with the USD trading tad higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Japanese Yen showing convergence with its MA’s

Posted on July 14, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.11% against the JPY and closed at 101.38. In the Asian session, at GMT0300, the pair is trading at 101.35, with the USD trading marginally lower from Friday’s close. This morning, economic data … Continue reading →

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GBP/USD: UK construction output lost momentum in May

Posted on July 14, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP marginally fell against the USD and closed at 1.7121, after the construction output in the UK unexpectedly shrank in May, adding to speculation that the pace of recovery in the nation has declined. The construction … Continue reading →

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EUR/USD: ECB’s interest rates too low for Germany, Bundesbank’s Jens Weidmann

Posted on July 14, 2014 by GCI Financial

EURUSD Movement On Friday, EUR marginally declined against the USD and closed at 1.3604, as worries on the troubles in the European banking system continued to weigh on the common currency. However, in order to cool down the anxiety following … Continue reading →

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

Posted on July 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.19% against the USD to close at 0.9394. LME Copper prices declined 0.9% or $63.0/MT to $ 7110.0/MT. Aluminium prices declined 2.0% or $38.5/MT to $ 1885.5/MT. In … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on July 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.0651. On the macro front, new housing price index in Canada advanced 1.5% in May on an annual basis, compared to … Continue reading →

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