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

Posted on May 22, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0913, following the release of the Fed’s minutes from its policy meeting in April In the Asian session, at GMT0300, the … Continue reading →

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USD/CHF: Swiss Franc extends its fall against the US Dollar in the Asian session

Posted on May 22, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.8932. In economic news, M3 money supply growth in the Swiss economy slightly decelerated in April, after accelerating in the three … Continue reading →

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USD/JPY: BoJ Kuroda confident on Japan achieving its 2.0% inflation target

Posted on May 22, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.13% against the JPY and closed at 101.44, as the minutes from the Fed’s April policy meeting showed that policymakers would continue tapering the size of its QE … Continue reading →

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GBP/USD: BoE closer to hiking interest rates, hint BoE’s minutes

Posted on May 22, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.6899 after data showed that annual retail sales in the UK economy rose at the fastest pace in 10 years in … Continue reading →

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EUR/USD: US Dollar holds on to its gains, following the release of the Fed’s minutes

Posted on May 22, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.09% against the USD and closed at 1.3687, as the latter advanced after the minutes from the Fed’s 29-30 April policy meeting hinted towards a continuation in the … Continue reading →

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AUD/USD: Aussie continues to trade lower in the Asian trading hours

Posted on May 21, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.96% against the USD to close at 0.9238, following dovish comments by the RBA Assistant Governor, Guy Debelle’s speech. LME Copper prices shed 1.2% or $86.5/MT to $6922.5/MT. … Continue reading →

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USD/CAD: Loonie trading flat amid lack of Canadian economic releases

Posted on May 21, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0910, as the latter came under pressure after data showed that wholesale sales in Canada unexpectedly declined 0.4% (MoM) in March. … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the morning session

Posted on May 21, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8920. Yesterday, the SNB President, Thomas Jordan, citing the need for the alleviation of the “too-big-to-fail” issue, stated that the Swiss … Continue reading →

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USD/JPY: BoJ kept its monetary stance intact at its policy meeting today

Posted on May 21, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 101.31. Yesterday, in Japan, an ex-BoJ economist, Hideo Hayakawa cautioned that the next policy action by the BoJ should be tapering … Continue reading →

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GBP/USD: UK’s April consumer prices accelerated more than market expectations for the first time in 10 months

Posted on May 21, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.13% against the USD and closed at 1.6836 after data showed that UK consumer inflation rate rose for the first time in 10 months to an annual rate … Continue reading →

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EUR/USD: ECB ready to deploy “non-traditional” monetary measures if deflation risks materialise, indicates ECB’s Liikanen

Posted on May 21, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.3699, as risk appetite among traders declined after data showed that producer prices in Germany, the largest economy in the Euro-zone, … Continue reading →

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