GBP/USD: Pound trading a tad higher amid a lack of major economic releases in the UK

Posted on June 9, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.06% against the USD and closed at 1.6801. On the economic front, total trade deficit of the UK widened to £2.5 billion in April from a revised deficit of £1.1 billion recorded in the … Continue reading →

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USD/CAD: Canadian unemployment rate rose unexpectedly in May

Posted on June 9, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.12% against the CAD to close at 1.0934, as the loonie came under pressure after data showed that Canada’s unemployment rate unexpectedly rose to 7.0% in May, as full-time employment fell by 29,100. … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher in a holiday-thin trading session

Posted on June 9, 2014 by GCI Financial

USDCHF Movement On Friday, the USD 0.27% against the CHF and closed at 0.8938. In economic news, annual consumer inflation rate in Switzerland rose more than market expectations to 0.2% in May, for the first time since November 2013. Meanwhile … Continue reading →

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USD/JPY: BoJ stimulus measures have had an intended effect on the economy, opined BoJ’s Governor, Kuroda

Posted on June 9, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.13% against the JPY and closed at 102.57, as traders cheered the latest batch of strong employment data from the US economy. In economic news, Japan’s leading economic index declined by 0.5 point … Continue reading →

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EUR/USD: Fed’s forward guidance benefited economic growth in the US, opines Fed’s Jerome Powell

Posted on June 9, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.17% against the USD and closed at 1.3639, as the latter benefitted from the latest batch of strong economic releases from the US economy. Data from the US showed that jobless rate in … Continue reading →

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AUD/USD: Aussie trading above its MA’s

Posted on June 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.59% against the USD to close at 0.9332. LME Copper prices declined 0.5% or $35.0/MT to $6800.0/MT. Aluminium prices rose 1.8% or $32.0/MT to $1828.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie edges down ahead of Canadian employment data

Posted on June 6, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD to close at 1.0921. On the economic front, building permits in Canada rose 1.1% (MoM) for the first time in three months in April … Continue reading →

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USD/CHF: Swiss Franc steady ahead of Switzerland’s consumer inflation data

Posted on June 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.64% against the CHF and closed at 0.8914, following the release of a lacklustre US weekly jobless claims data. In the Asian session, at GMT0300, the pair is … Continue reading →

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USD/JPY: Yen trading a tad higher ahead of Japan’s leading economic and coincident index data

Posted on June 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.25% against the JPY and closed at 102.43, as weekly jobless claims in the US economy rose more than economists’ estimates in the previous week. In the Asian … Continue reading →

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GBP/USD: BoE keeps its monetary policy unaltered for another month in June

Posted on June 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.44% against the USD and closed at 1.6811, as the BoE held its interest rate at a record-low 0.5% and kept its £375 billion bond-buying programme intact at … Continue reading →

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EUR/USD: ECB slashed its key interest rates and introduced fresh stimulus measures for banks at its June policy meeting

Posted on June 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.45% against the USD and closed at 1.3662, reversing its earlier losses which were triggered by ECB’s decision to ease its monetary policy further. The ECB, at its … Continue reading →

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