EUR/USD: Rates to continue to remain low, indicates ECB’s Draghi

Posted on July 4, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3609, following dovish comments from the ECB. The ECB Chief, Mario Draghi reiterated the bank’s forward guidance that the interest rates in … Continue reading →

Posted in EUR/USD | Comments Off

USD/CAD: Loonie continues to trade lower against the US Dollar in the Asian session

Posted on July 3, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CAD to close at 1.0667. In economic releases, the RBC Canadian manufacturing purchasing managers’ index rose to a six-month high reading of 53.5 in June, … Continue reading →

Posted in USD/CAD | Comments Off

AUD/USD: Aussie still at a “uncomfortably high” level, reiterates RBA Governor, Glenn Stevens

Posted on July 3, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.59% against the USD to close at 0.9437. LME Copper prices edged up 0.5 % or $35.0/MT to $7050.0/MT. Aluminium prices rose 1.3% or $24.5/MT to $1862.0/MT. In … Continue reading →

Posted in AUD/USD | Comments Off

USD/CHF: Swiss Franc trading a tad lower amid a lack of Swiss economic releases

Posted on July 3, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.8890. In the Asian session, at GMT0300, the pair is trading at 0.8894, with the USD trading marginally higher from yesterday’s … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japan’s Markit service PMI stays in the contraction territory for the third-straight month in June

Posted on July 3, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.23% against the JPY and closed at 101.77, paring its initial losses, triggered by dovish comments by the Fed Chief, Janet Yellen. Yesterday, a survey report from the … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Construction activities in the UK economy rose at the fastest pace in four-months in June, reports Markit/CIPS

Posted on July 3, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.7161, after data showed that UK construction PMI rose more-than-expected to a four-month high reading of 62.6 in June, from a … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: ECB should purchase assets to depreciate the “overvalued” EUR, says French PM, Manuel Valls

Posted on July 3, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.3657, as the French Prime Minister, Manuel Valls, urged the ECB to introduce additional policy measures, including asset-purchase programme, to depreciate … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie declines, hurt by a weak Australian trade balance data

Posted on July 2, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.65% against the USD to close at 0.9493, following the RBA’s decision to keep its interest rate on hold at 2.5% in June. LME Copper prices rose 0.9% … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie pares its gains amid a lack of major economic releases from Canada

Posted on July 2, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CAD to close at 1.0633, amidst a public holiday in Canada. In the Asian session, at GMT0300, the pair is trading at 1.0641, with the … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc continues to trade lower against the US Dollar in the Asian session

Posted on July 2, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.8874. In economic news, the Swiss SVME association and Credit Suisse reported that its purchasing managers’ index for the Swiss economy … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Yen extends its losses in the Asian session

Posted on July 2, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.23% against the JPY and closed at 101.54. The Japanese Yen lost ground after the BoJ’s Tankan survey highlighted a lack of confidence among Japanese business. Also, the … Continue reading →

Posted in USD/JPY | Comments Off