USD/CAD: Loonie trading above its MA’s

Posted on July 9, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.0683. Yesterday, leading ratings agency, Moody’s Investors Service downgraded its outlook on the Canadian banking system, citing the government’s unwillingness to … Continue reading →

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USD/CHF: Swiss Franc trading on a lower footing this morning

Posted on July 9, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.8933. Earlier during the day, the Swiss France came under pressure after the Swiss consumer price inflation unexpectedly declined 0.1% in … Continue reading →

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USD/JPY: Discussions about exiting BoJ’ QE programme is too premature, BoJ’s Nakaso

Posted on July 9, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.26% against the JPY and closed at 101.84. On the economic front, Japan’s economy watchers’ assessment of current conditions improved, while their expectations weakened in June. The Eco … Continue reading →

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GBP/USD: UK economy accelerates in Q2 2014, indicates NIESR

Posted on July 9, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.12% against the USD and closed at 1.7134, after disappointing industrial and manufacturing data from the UK. The industrial production in the UK declined 0.7% (M-o-M) in May, … Continue reading →

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EUR/USD: US CPI to be below 2% for more years, Fed’s Narayana Kocherlakota

Posted on July 9, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.3607, as an official report revealed that German trade surplus widened more than market expectations for May, even as the nation’s … Continue reading →

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AUD/USD: Aussie extends its profit this morning

Posted on July 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.16% against the USD to close at 0.9373. LME Copper prices declined 0.5% or $38.5/MT to $ 7120.5/MT. Aluminium prices rose 0.1% or $1.0/MT to $1894.0/MT. In the … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on July 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.0683. The Canadian Dollar lost momentum, after the release of largely disappointing data from Canada. The Ivey PMI reading unexpectedly retreated … Continue reading →

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USD/CHF: Swiss reverses its gains in the Asian session

Posted on July 8, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.8933. The Swiss Franc gained ground after the unemployment rate in Switzerland dropped in line with market estimates to 2.9% in … Continue reading →

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USD/JPY: BoJ retains upbeat outlook on Japan’s nine regions

Posted on July 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.26% against the JPY and closed at 101.84. Yesterday, the BoJ, in its quarterly report, held on to its upbeat assessment on all the nine regions in Japan, … Continue reading →

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GBP/USD: BoE must not increase rates soon, BCC

Posted on July 8, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.12% against the USD and closed at 1.7134. However, losses were kept in check, as the currency continued to enjoy support amid moutning expectations that the BoE would … Continue reading →

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EUR/USD: June measures are starting to show “significant effect”, ECB’s Nowotny

Posted on July 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.3607, after an index, measuring investor sentiment in the Euro-zone, surprisingly rose to a two-month high level of 10.1 in July, … Continue reading →

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