AUD/USD: Aussie pares its gains in the morning trading hours

Posted on May 7, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.74% against the USD to close at 0.9347, following the RBA’s interest rate decision. Yesterday, the Paris-based OECD projected the Australian economy to grow 2.5% in 2014, before … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher ahead of Switzerland’s unemployment rate data

Posted on May 7, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8745, as the US trade balance data failed to meet market expectations for March. In the Asian session, at GMT0300, the … Continue reading →

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USD/JPY: Japan to recover modestly in the near future, shows BoJ’s minutes

Posted on May 7, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.46% against the JPY and closed at 101.68, following the releases of lacklustre US trade balance data for March. In economic news, the OECD slashed its growth projections … Continue reading →

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GBP/USD: OECD upgraded its growth forecast on the UK economy for 2014 and 2015

Posted on May 7, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.6973, after the UK Markit service PMI beat expectations and rose to a level of 58.7 in April, the highest level … Continue reading →

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EUR/USD: Euro-zone’s Markit composite PMI rose at the fastest pace in three years in April

Posted on May 7, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.3926, after retail sales in the Euro-zone economy rose for the third-straight month in March and after Markit Economics reported that … Continue reading →

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AUD/USD: RBA kept its interest rate unchanged at 2.5% at its May policy meeting

Posted on May 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD ended the day flat against the USD to close at 0.9278. Yesterday, building permits in Australia fell 3.5% (MoM) in March, its fifth monthly fall in the past six … Continue reading →

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USD/CAD: Loonie trading marginally higher with focus on Canada’s trade balance data

Posted on May 6, 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 1.0960. In the Asian session, at GMT0300, the pair is trading at 1.0958, with the USD trading a tad lower from … Continue reading →

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USD/CHF: Swiss Franc trading a tad higher amid lack of economic releases from Switzerland

Posted on May 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.8778. In economic news, the UBS reported that its index, measuring the risks in Switzerland’s real estate market, fell for the … Continue reading →

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USD/JPY: Yen trading higher ahead of the release of the BoJ’s minutes

Posted on May 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.09% against the JPY and closed at 102.15. The Japanese Yen gained ground as lacklustre manufacturing PMI data from China and escalating violence in Ukraine spurred demand for … Continue reading →

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GBP/USD: Pound trading marginally higher this morning, following a long-weekend

Posted on May 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6868, in a subdued trading session on account of Early May Bank holiday in the UK. In the Asian session, at … Continue reading →

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EUR/USD: European Commission maintained its 2014 growth forecast for the Euro-zone economy but slashed its 2015 growth estimates

Posted on May 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.3876, ahead of a busy week. In the Euro-zone, the European Commission maintained its 2014 growth-projection for the economy at 1.2% … Continue reading →

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