GBP/USD: BoE to raise interest rates sooner than market expectations, hints BoE Governor, Carney

Posted on June 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.85% against the USD and closed at 1.6932, as the BoE Governor, Mark Carney, publically hinted at the possibility for the central bank to raise its key interest … Continue reading →

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EUR/USD: ECB willing to engage in additional stimulus measures following last week’s policy action, hints ECB’s Jazbec

Posted on June 13, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.3550, as the latter came under pressure from lacklustre US retail sales data which rose less-than-expected 0.3% (MoM) in May and … Continue reading →

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AUD/USD: Aussie trading lower, following yesterday’s rise

Posted on June 13, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.48% against the USD to close at 0.9426. LME Copper prices rose 0.5% or $35.5/MT to $6725.0/MT. Aluminium prices declined 0.7% or $13.5/MT to $1822.0/MT. In the Asian … Continue reading →

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AUD/USD: Australian employment unexpectedly fell in May while unemployment rate stood pat at 5.8%

Posted on June 12, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.10% against the USD to close at 0.9381. LME Copper prices eased 0.1% or $6.0/MT to $6689.5/MT. Aluminium prices shed 1.6% or $29.5/MT to $1835.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad higher ahead of Canada’s housing price and US retail sales data

Posted on June 12, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CAD to close at 1.0867, amid broad gains in commodity prices. In a noteworthy event, Moody’s Investors Service slashed its “Stable” outlook on some of … Continue reading →

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USD/CHF: Swiss Franc converging with its MA’s

Posted on June 12, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.8999. In the Asian session, at GMT0300, the pair is trading at 0.8995, with the USD trading marginally lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading modestly lower in the Asian session

Posted on June 12, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.31% against the JPY and closed at 101.98. Yesterday, reports indicated that the BoJ policymakers would consider maintaining a large balance sheet even after the world’s third largest … Continue reading →

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GBP/USD: Pound extends its yesterday’s gains on the back of strong UK employment data

Posted on June 12, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.6790, as the ILO unemployment rate in the UK economy fell more than economists’ expectation to 6.6%, the lowest level in … Continue reading →

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EUR/USD: ECB should consider QE options and make it available for further use, opines ECB’s Ardo Hansson

Posted on June 12, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.3533, as dovish comments by few top ECB policymakers weighed on traders’ risk-taking appetite. An ECB policymaker, Ardo Hansson, opined that … Continue reading →

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USD/CAD: Loonie maintains its upward streak against the US Dollar in the Asian trading hours

Posted on June 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CAD to close at 1.0900. In the Asian session, at GMT0300, the pair is trading at 1.0896, with the USD trading marginally lower from yesterday’s … Continue reading →

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AUD/USD: Consumer confidence in Australia rose in June, indicates Westpac

Posted on June 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.20% against the USD to close at 0.9372. LME Copper prices rose 0.4% or $28.0/MT to $6695.5/MT. Aluminium prices declined 0.3% or $5.5/MT to $1865.0/MT. In the Asian … Continue reading →

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