USD/CHF: Swiss annual CPI came in unchanged for the second straight month in April

Posted on May 9, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.8802. In economic news, Switzerland’s annual consumer price index registered a flat reading for a second straight month in April while … Continue reading →

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USD/JPY: Yen trading lower in the morning session

Posted on May 9, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.25% against the JPY and closed at 101.60. In the Asian session, at GMT0300, the pair is trading at 101.71, with the USD trading 0.10% higher from yesterday’s … Continue reading →

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GBP/USD: BoE refrained from altering its monetary policy in May

Posted on May 9, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.14% against the USD and closed at 1.6932. Yesterday, the BoE, at its May policy meeting, voted to keep interest rates at a historical low level of 0.5% … Continue reading →

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EUR/USD: Mario Draghi opens doors for further stimulus measures in early June

Posted on May 9, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.52% against the USD and closed at 1.3840, after the ECB President, Mario Draghi, following the central bank’s decision to keep its interest rate intact at a record-low … Continue reading →

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AUD/USD: Aussie pares losses on the back of upbeat employment data from Australia

Posted on May 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.22% against the USD to close at 0.9326. LME Copper prices declined 0.8% or $52.0/MT to $6688.0/MT. Aluminium prices fell 1.2% or $21.0/MT to $1728.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie snaps losses in the Asian session

Posted on May 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.0900, as Fed Chief, Janet Yellen’s upbeat outlook on the US economic recovery benefited the US Dollar while an unexpected fall … Continue reading →

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USD/CHF: Unemployment rate in Switzerland edged down to 3.2% on a non-seasonally adjusted basis

Posted on May 8, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.8762, as traders cheered Fed Chief, Janet Yellen’s upbeat view on the recovery prospects of the US economy. In economic news, … Continue reading →

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USD/JPY: Japan’s Amari credits policy reforms for a significant improvement in the nation’s labour market

Posted on May 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.18% against the JPY and closed at 101.86, buoyed by the Fed Chief, Janet Yellen’s cheerful outlook of the US economy. Late Wednesday, Japan’s Economy Minister, Akira Amari, … Continue reading →

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GBP/USD: Pound trading marginally lower ahead of the BoE’s monetary policy decision

Posted on May 8, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.6956, as Fed Chief, Janet Yellen’s upbeat view on the US economic outlook supported the US Dollar. In the Asian session, … Continue reading →

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EUR/USD: US economy to register a “solid growth” in the second quarter, projects Fed Chief, Janet Yellen

Posted on May 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.3912, as the latter benefitted from Fed Chief, Janet Yellen’s optimistic view on the future of the US economic growth. Janet … Continue reading →

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USD/CAD: Loonie trading tad higher in the Asian session

Posted on May 7, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.61% against the CAD to close at 1.0893. In economic news, Canada’s merchandised trade surplus narrowed to C$79.0 million in March, compared to C$847.0 million of surplus recorded … Continue reading →

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