EUR/USD: Interest rates to remain low in the Euro-zone, indicates ECB’s Coeure

Posted on May 19, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.14% against the USD and closed at 1.3696, as the latter advanced following the release of strong housing data from the US economy. Data from the world’s largest economy showed that the US building … Continue reading →

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AUD/USD: Aussie reverses its losses in the morning session

Posted on May 16, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.15% against the USD to close at 0.9360. LME Copper prices declined 0.4% or $27.5/MT to $6949.0/MT. Aluminium prices fell 0.3% or $4.5/MT to $1753.0/MT. In the Asian … Continue reading →

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USD/CAD: Interest rates to remain relatively low for a prolonged time, says BoC’s Lawrence Schembri

Posted on May 16, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0873. In Canada, the Bank of Canada (BoC) Deputy Governor, Lawrence Schembri, indicated that, in order to push inflation upward to … Continue reading →

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USD/CHF: Swiss producer and import prices fell unexpectedly in April

Posted on May 16, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.8907, as the latter lost ground after data showed that the Swiss producer and import price index fell by 0.3% (MoM) … Continue reading →

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USD/JPY: Japan’s industrial production rose in March

Posted on May 16, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 101.54, as the latest batch of soft economic releases from the Euro-zone economy lured investors to take refuge under the safe-haven … Continue reading →

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GBP/USD: No interest rate hike until the UK economy is well able to withstand it, says BoE’s Broadbent

Posted on May 16, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP 0.16% against the USD and closed at 1.6794. On Thursday, BoE’s Ben Broadbent acknowledged the fact that growth in the UK economy has gained momentum but at the same … Continue reading →

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EUR/USD: Euro-zone GDP failed to meet market estimates while consumer prices came at par with consensus

Posted on May 16, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR ended the day flat against the USD and closed at 1.3715, giving back its initial losses, triggered by downbeat Euro-zone GDP data. Data showed that the annualized preliminary Euro-zone’s … Continue reading →

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AUD/USD: Aussie pares its gains against the US Dollar in the Asian session

Posted on May 15, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.13% against the USD to close at 0.9374. LME Copper prices rose 1.3% or $92.0/MT to $6976.5/MT. Aluminium prices advanced 1.1% or $18.5/MT to $1757.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie extends its gains in the morning session

Posted on May 15, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.0889. The Canadian Dollar posted gains yesterday, on the back of rise in commodity prices. Meanwhile, on the economic front, the … Continue reading →

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

Posted on May 15, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8897. In economic news, the ZEW survey on the economic expectations for the Swiss economy gained by 0.4 points to reach … Continue reading →

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USD/JPY: Japan’s GDP rose faster than market expectations in the first quarter

Posted on May 15, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 101.84, as escalating tensions in Ukraine bolstered the demand-prospect of the safe-haven Japanese Yen. In a noteworthy development, Fitch Ratings affirmed … Continue reading →

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