USD/JPY: Yen extends its fall against the US Dollar in the morning session

Posted on May 13, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.35% against the JPY and closed at 102.21, as the latter extended its losses on the back of yesterday’s soft current account data from the Japanese economy. In … Continue reading →

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GBP/USD: CBI upgrades its growth forecast on the UK economy for 2014 and 2015

Posted on May 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.6871. On Monday, the Confederation of British Industries (CBI), in its latest forecast report, upgraded its growth projections on the Britain … Continue reading →

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EUR/USD: Inflation in the Euro-zone to remain below 1.0% for an extended period of time, says ECB Vice President, Constancio

Posted on May 13, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3756, paring some of its initial losses accrued due to speculation of an ECB stimulus. Negative sentiment for the Euro was … Continue reading →

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AUD/USD: Aussie snaps losses in the Asian trading hours

Posted on May 12, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.15% against the USD to close at 0.9356. LME Copper prices rose 1.2% or $79.5/MT to $6770.0/MT. Aluminium prices edged up marginally by $0.5/MT to $1718.0/MT. In the Asian session, at GMT0300, the … Continue reading →

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USD/CAD: Canadian economy unexpectedly lost 28,900 jobs in April, reports Statistics Canada

Posted on May 12, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.62% against the CAD to close at 1.0899 after the Canadian economy surprisingly lost 28,900 jobs in April, following a big gain of 42,900 in March and compared to analysts’ call for an … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower ahead of Switzerland’s real retail sales data

Posted on May 12, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.76% against the CHF and closed at 0.8869. In the Asian session, at GMT0300, the pair is trading at 0.8872, with the USD trading a tad higher from Friday’s close. The pair is … Continue reading →

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USD/JPY: Yen continues to trade lower in the morning session

Posted on May 12, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.18% against the JPY and closed at 101.79. On the economic front, Japan’s leading economic index fell more-than-expected to a 12-month low reading of 106.5 in March while its coincident index improved to … Continue reading →

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GBP/USD: Pound trading slightly higher amid lack of economic releases in the UK economy

Posted on May 12, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.49% against the USD and closed at 1.6849, as traders reacted negatively to the recent batch of mixed economic releases from the UK economy and following recent encouraging comments on the US economy by … Continue reading →

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EUR/USD: Euro trading flat ahead of few planned speeches by the ECB officials

Posted on May 12, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR declined 0.61% against the USD and closed at 1.3755, extending its previous day’s losses on the back of the ECB President, Mario Draghi’s comments on loose monetary policy. In the Euro-zone, an ECB Governing … Continue reading →

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AUD/USD: RBA downgrades its growth forecast on the Australian economy for the June quarter of 2014

Posted on May 9, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.47% against the USD to close at 0.9370, following strong Australian employment figures. LME Copper prices edged up marginally by $2.5/MT to $6690.5/MT. Aluminium prices declined 0.6% or … Continue reading →

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USD/CAD: Loonie trading marginally higher ahead of Canada’s key employment data

Posted on May 9, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CAD to close at 1.0832. The Canadian Dollar advanced after annual housing starts in Canada surged by 24.0% to a seasonally adjusted 194,809 units in … Continue reading →

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