EUR/USD: Fed tapered its stimulus package by $10 billion in June and slashed its economic-outlook on the US economy for 2014

Posted on June 19, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.3589. The greenback came under pressure after the Fed slashed its growth estimates on the world’s largest economy by projecting the … Continue reading →

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AUD/USD: Aussie trading a tad higher this morning, following yesterday’s fall

Posted on June 18, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.62% against the USD to close at 0.9340. LME Copper prices declined 0.4% or $24.0/MT to $6711.0/MT. Aluminium prices rose 0.4% or $6.5/MT to $1808.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its fall in the morning session

Posted on June 18, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0861, after data showed that US consumer inflation rate rose at the fastest annual pace since October 2012 in May. In … Continue reading →

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USD/CHF: SECO slashed its growth projections on the Swiss economy for 2014 and 2015

Posted on June 18, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.8993, as traders cheered a better-than-expected US consumer inflation data. In Switzerland, producer and import price index fell 0.8% (YoY) for … Continue reading →

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USD/JPY: Japanese economy to continue with its moderate pace of recovery, indicates BoJ’s minutes

Posted on June 18, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.34% against the JPY and closed at 102.18 on the back of a strong US consumer inflation data. In the Asian session, at GMT0300, the pair is trading … Continue reading →

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GBP/USD: Pound trading a tad higher with focus of BoE’s minutes

Posted on June 18, 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 1.6960, hurt by a lacklustre UK consumer inflation data. On the other hand, the greenback advanced as data showed that consumer … Continue reading →

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EUR/USD: Euro trading marginally lower against the greenback, ahead of the conclusion of the Fed’s policy meeting

Posted on June 18, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.19% against the USD and closed at 1.3548. The greenback advanced on the back of upbeat US consumer inflation data. Official data showed that annual consumer inflation rate … Continue reading →

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AUD/USD: Current monetary policy stance appropriate for the Australian economy, indicated RBA’s minutes

Posted on June 17, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened marginally against the USD to close at 0.9398. LME Copper prices advanced 1.0% or $63.5/MT to $6735.0/MT. Aluminium prices edged up 0.1% or $1.0/MT to $1802.0/MT. In the … Continue reading →

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USD/CAD: Loonie showing convergence with its MA’s

Posted on June 17, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0846. On the economic front, sales of existing homes in Canada jumped 5.9% in May, its largest month-over-month increase in nearly … Continue reading →

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

Posted on June 17, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.8971. In the Asian session, at GMT0300, the pair is trading at 0.8983, with the USD trading 0.13% higher from yesterday’s … Continue reading →

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USD/JPY: Japan economy to continue its moderate pace of recovery, projects BoJ

Posted on June 17, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.17% against the JPY and closed at 101.83. Yesterday, the BoJ, in its monthly economic survey, reiterated its outlook for the Japanese economy to recover at a moderate … Continue reading →

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