AUD/USD: Weakness in capital inflows to Australia could trigger a depreciation in the Aussie, opines RBA’s Guy Debelle

Posted on May 20, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.42% against the USD to close at 0.9328. LME Copper prices rose 0.8% or $59.0/MT to $7009.0/MT. Aluminium prices declined 0.4% or $7.0/MT to $1724.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its downward direction in the Asian session

Posted on May 20, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CAD to close at 1.0874, in a subdued trading session, on account of Victoria Day holiday in Canada. In the Asian session, at GMT0300, the … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher against its US counterpart in the morning

Posted on May 20, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8923. In the Asian session, at GMT0300, the pair is trading at 0.8920, with the USD trading a tad lower from … Continue reading →

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USD/JPY: Japanese economy reacted as expected to the April sales-tax hike, says Japan’s Vice Economy Minister, Nishimura

Posted on May 20, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 101.50. Late Monday, Japan’s Vice Economy Minister, Yasutoshi Nishimura hinted that the Japanese economy is on track as the markets have … Continue reading →

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GBP/USD: Pound trading a tad higher ahead of UK’s consumer inflation data

Posted on May 20, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.06% against the USD and closed at 1.6814, as traders mulled the BoE Governor, Mark Carney’s comments, made during the weekend, that the booming housing sector in the … Continue reading →

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EUR/USD: Inflation in the Euro-zone to remain low for an extended period of time, indicate few ECB’s officials

Posted on May 20, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.09% against the USD and closed at 1.3709. However, the gains in the Euro-zone’s shared currency were capped after the ECB policymakers, Yves Mersch and Ewald Nowotny projected … Continue reading →

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AUD/USD: Aussie trading flat amid lack of Australian economic releases

Posted on May 19, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9365. LME Copper prices edged up marginally by $1.0/MT to $ 6950.0/MT. Aluminium prices declined 1.2% or $21.5/MT to $1731.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie trading higher in a holiday-thin trading session

Posted on May 19, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined marginally against the CAD to close at 1.0870. In economic news, the Statistics Canada reported that foreign investors reduced their holdings in Canadian securities by C$1.23 billion while Canadian investors purchased C$7.88 billion … Continue reading →

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

Posted on May 19, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.15% against the CHF and closed at 0.8920. In the Asian session, at GMT0300, the pair is trading at 0.8914, with the USD trading 0.07% lower from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Yen snaps gains in the morning session

Posted on May 19, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.08% against the JPY and closed at 101.46. In the Asian session, at GMT0300, the pair is trading at 101.59, with the USD trading 0.13% higher from Friday’s close. Early morning, Japan’s Cabinet … Continue reading →

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GBP/USD: UK’s booming housing market pose the biggest risk to the nation’s recovery, warns BoE Governor, Carney

Posted on May 19, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.17% against the USD and closed at 1.6822. Late Saturday, the Bank of England (BoE) Governor, Mark Carney, citing large increase in the nation’s mortgage level, cautioned that the Britain’s housing market posed the … Continue reading →

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