AUD/USD: Australia unexpectedly swung to a trade deficit in April

Posted on June 5, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.14% against the USD to close at 0.9277, buoyed by a more-than-expected rise in Australia’s first-quarter GDP. LME Copper prices declined 1.4% or $95.0/MT to $6835.0/MT. Aluminium prices … Continue reading →

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USD/CAD: BoC keeps its interest rate on hold at 1.0% while expressing concerns on the Canada’s growth outlook

Posted on June 5, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CAD to close at 1.0946, as the Canadian Dollar came under pressure after the Bank of Canada (BoC) kept its interest rate unchanged at 1.0% … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower in the morning session

Posted on June 5, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CHF and closed at 0.8971. In the Asian session, at GMT0300, the pair is trading at 0.8975, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/JPY: BoJ should conduct monetary policy in a flexible manner, opines BoJ’s Takehiro Sato

Posted on June 5, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.16% against the JPY and closed at 102.69. In the Asian session, at GMT0300, the pair is trading at 102.58, with the USD trading 0.11% lower from yesterday’s … Continue reading →

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GBP/USD: Pound trading higher with focus on the BoE interest rate and asset-purchase decision

Posted on June 5, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.6737, paring its initial gains accrued on the back of a better-than-expected UK service PMI data for May. Markit Economics reported … Continue reading →

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EUR/USD: Euro trading a tad lower ahead of ECB’s policy decision

Posted on June 5, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.3601, as traders refrained from taking major bets in the Euro-zone’s shared currency ahead of the ECB’s policy decision. Adding to … Continue reading →

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AUD/USD: Australian GDP rose more than expectations in the first quarter

Posted on June 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.25% against the USD to close at 0.9264, as the RBA’s decided to keep its interest rate on hold at 2.5% in June. However, following the interest-rate decision, … Continue reading →

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USD/CAD: Loonie modestly lower with focus on the BoC’s interest rate decision

Posted on June 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.0912. In the Asian session, at GMT0300, the pair is trading at 1.0933, with the USD trading 0.19% higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading lower amid lack of Swiss economic releases

Posted on June 4, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.8966. In the Asian session, at GMT0300, the pair is trading at 0.8974, with the USD trading 0.09% higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on June 4, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.12% against the JPY and closed at 102.53. Late Tuesday, a survey poll from Reuters, showed that a strong majority of economists believed that the BoJ would expand … Continue reading →

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GBP/USD: Pound trading lower ahead of UK’s Markit service PMI data

Posted on June 4, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.6745, as traders shrugged off a drop in the UK’s construction PMI data for May. Data showed that the construction PMI … Continue reading →

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