GBP/USD: Pound extends its gains on the back of strong UK manufacturing PMI data

Posted on July 2, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.7149, after Markit Economics reported that its final PMI on UK’s manufacturing sector unexpectedly rose at the fastest pace in seven … Continue reading →

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EUR/USD: Euro trading a tad lower with focus on Euro-zone’s first-quarter GDP data

Posted on July 2, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.3681, as the latest batch of soft economic releases from the Euro-zone and its member nations spurred fresh concerns on the … Continue reading →

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AUD/USD: RBA keeps its interest rate unchanged at 2.5% in July

Posted on July 1, 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 0.9432. LME Copper prices declined 0.3% or $21.0/MT to $6955.0/MT while Aluminium prices edged up marginally by $0.5/MT to $1850.5/MT. In … Continue reading →

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USD/CAD: Loonie trading a tad higher in a subdued-trading session

Posted on July 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.0672. The Canadian Dollar lost ground after data showed that the Canadian economy expanded 0.1% (MoM) in April, failing to meet … Continue reading →

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USD/CHF: Swiss Franc pares its gains against the US Dollar in the Asian session

Posted on July 1, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.8869, hurt by the latest batch of mixed economic releases from the US economy. In the Asian session, at GMT0300, the … Continue reading →

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USD/JPY: Business confidence among Japanese companies deteriorated in the second quarter, indicates BoJ’s tankan survey

Posted on July 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.11% against the JPY and closed at 101.31. On the economic front, housing starts in Japan dropped 15.0% (YoY) to 67,791 units in May, the lowest for the … Continue reading →

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GBP/USD: UK mortgage approvals fell for the fourth consecutive month in May, reports BoE

Posted on July 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.42% against the USD and closed at 1.7105. In economic releases, the BoE reported that mortgage approvals in the UK economy fell for the fourth consecutive month to … Continue reading →

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EUR/USD: Euro trading slightly higher against the US Dollar ahead of the Euro-zone manufacturing PMI and unemployment data

Posted on July 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.33% against the USD and closed at 1.3691. The greenback declined following the release of a mixed batch of economic releases from the US economy. Data showed that … Continue reading →

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AUD/USD: Aussie converging with its MA’s

Posted on June 30, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.13% against the USD to close at 0.9426. LME Copper prices rose 0.6% or $39.5/MT to $6976.0/MT. Aluminium prices declined 0.4% or $7.0/MT to $1850.0/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Canada’s industrial product prices and raw material price index fell in May

Posted on June 30, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.27% against the CAD to close at 1.0663. In economic news, industrial product price index in the Canadian economy fell 0.5% (MoM) in May, following a 0.2% drop in April, while the raw … Continue reading →

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USD/CHF: Swiss Franc steady against the greenback in the Asian session

Posted on June 30, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.28% against the CHF and closed at 0.8910. In Switzerland, the KOF leading indicator rose to a reading of 100.4 in June, from a revised 100.1 reading in May, snapping a three-month losing … Continue reading →

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