GBP/USD: BoE Mark Carney hints interest rate to rise only if the UK economy expands reducing its economic slack further

Posted on May 15, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.37% against the USD and closed at 1.6768, after the BoE Governor, Mark Carney played down speculations for an earlier-than-expected interest rate hike in the UK economy by … Continue reading →

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EUR/USD: Euro trading a tad higher ahead of Euro-zone’s consumer inflation and GDP data

Posted on May 15, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.3715. Yesterday, earlier during the day, the Euro came under pressure after Euro-zone’s industrial production unexpectedly fell 0.1% (YoY) in March, … Continue reading →

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AUD/USD: Aussie trading above its MA’s

Posted on May 14, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally strengthened against the USD to close at 0.9362, reversing its initial losses, triggered by soft economic releases from Australia and its largest trading partner, China. LME Copper prices … Continue reading →

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USD/CAD: Official figures might have overstated jobless rate improvements in Canada and the US, opines the BoC

Posted on May 14, 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 1.0909. On Tuesday, the Bank of Canada (BoC), in its semi-annual review report, revealed that official agencies in Canada and the … Continue reading →

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USD/CHF: Swiss Franc pares losses in the Asian trading hours

Posted on May 14, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.8900. In the Asian session, at GMT0300, the pair is trading at 0.8892, with the USD trading 0.09% lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading higher with focus on Japan’s first quarter GDP data

Posted on May 14, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 102.24. Yesterday, a report from Bloomberg, highlighted the Bank of Japan (BoJ) officials’ concerns on the economic impact of a cooler-than-normal … Continue reading →

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GBP/USD: Pound trading modestly higher ahead of key UK economic releases

Posted on May 14, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.24% against the USD and closed at 1.6830. On Tuesday, the BoE Deputy Governor for Financial Stability, Sir Jon Cunliffe urged the Britain banks to undertake further reform … Continue reading →

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EUR/USD: German Bundesbank to support ECB’s decision on additional stimulus measures

Posted on May 14, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.3705, as the latest batch of downbeat Euro-zone economic releases strengthened speculations for additional ECB stimulus measures. Negative sentiment for the … Continue reading →

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AUD/USD: Aussie pares gains following the release of Australian housing data

Posted on May 13, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally strengthened against the USD to close at 0.9361. LME Copper prices rose 2.4% or $160.0/MT to $6930.0/MT. Aluminium prices advanced 1.3% or $21.5/MT to $1739.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading a tad lower ahead of the BoC’s quarterly review report

Posted on May 13, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0897. In the Asian session, at GMT0300, the pair is trading at 1.0900, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/CHF: Real retail sales in Switzerland rose more than market expectations for March

Posted on May 13, 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 0.8877. On the economic front, real retail sales in the Swiss economy rose at an annualized rate of 3.0% in March, … Continue reading →

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