USD/CHF: Swiss continues to trade lower, following yesterday’s soft Swiss employment and retail sales data

Posted on June 11, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CHF and closed at 0.8992, as the latter came under pressure after data showed that unemployment rate in Switzerland defied market expectations and stood pat … Continue reading →

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USD/JPY: Yen extends its upward direction in the Asian session

Posted on June 11, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.23% against the JPY and closed at 102.30. In the Asian session, at GMT0300, the pair is trading at 102.29, with the USD trading a tad lower from … Continue reading →

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GBP/USD: Pound trading marginally lower ahead of UK’s employment data

Posted on June 11, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.6755. However, earlier during the day, the British Pound rose for a brief period of time after manufacturing production in the … Continue reading →

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EUR/USD: Euro continues its downward trend, hurt by ECB policymakers’ dovish comments

Posted on June 11, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.32% against the USD and closed at 1.3547, as few of the top ECB policymakers signalled that the central bank had still more firepower to support the Euro-zone … Continue reading →

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AUD/USD: Aussie continues to trade higher in the Asian session

Posted on June 10, 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 0.9353. In a speech to bankers in the US, RBA Governor, Glenn Stevens, highlighted the need for swift sorting of regulations … Continue reading →

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USD/CAD: Canadian housing starts rose to a seven-month high in May

Posted on June 10, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0907. On the economic front, annual housing starts in Canada rose more-than-expected 0.8% to a seasonally adjusted seven-month high level of … Continue reading →

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USD/CHF: Swiss Franc steady ahead of Switzerland’s unemployment and retail sales data

Posted on June 10, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.8972, amid a holiday-thin trading session on account of a Whit Monday holiday in Switzerland. In the Asian session, at GMT0300, … Continue reading →

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USD/JPY: BoJ’s QQE policy having an intended effect on the economy, says BoJ Dy. Governor, Iwata

Posted on June 10, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.54. Yesterday, in Japan, BoJ Deputy Governor, Kikuo Iwata, echoed Governor, Haruhiko Kuroda’s view that, the central bank’s “qualitative and quantitative … Continue reading →

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GBP/USD: BoE is getting closer to raising its interest rates, indicates BoE’s Ian McCafferty

Posted on June 10, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6802. In the UK, a BoE policymaker, Ian McCafferty, hinted that the central bank was inching closer to raising its interest … Continue reading →

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EUR/USD: Low and declining Euro-zone inflation is the biggest short-term problem for the economy, opines ECB’s Noyer

Posted on June 10, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.3591, in a subdued trading session, as most of the markets in the Euro-zone were closed on account of a public … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on June 9, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9337. LME Copper prices declined 2.1% or $139.5/MT to $6660.5/MT. Aluminium prices fell 0.6% or $11.5/MT to $1817.0/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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