AUD/USD: Aussie pares losses following upbeat producer price data from Australia

Posted on May 2, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.12% against the USD to close at 0.9272. In economic news, the Reserve Bank of Australia’s (RBA) index of commodity prices fell to a new four-year low in … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie reverses its direction in the morning trading session

Posted on May 2, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0966. The Canadian Dollar came under pressure after the RBC Canadian manufacturing purchasing managers’ index eased to a seasonally adjusted reading … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading tad lower ahead of the Swiss SVME PMI data

Posted on May 2, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.8793, in a subdued holiday trading session. In the Asian session, at GMT0300, the pair is trading at 0.8797, with the … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Unemployment rate in Japan stood pat at 3.6% in March

Posted on May 2, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.06% against the JPY and closed at 102.31, following strong US ISM manufacturing PMI and consumer spending data. Yesterday, an industry report revealed that the vehicle deliveries last … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK manufacturing PMI rose at the fastest pace since November 2013 in April

Posted on May 2, 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 1.6890, after Markit PMI for the UK manufacturing sector rose more than market expectations to a reading of 57.3 in April, … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: Euro trading lower ahead of Euro-zone’s unemployment rate and Markit manufacturing PMI data

Posted on May 2, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3869, in a quiet holiday trading session. However, later during the day, the US Dollar benefitted from data that showed the … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie trading higher in the Asian session

Posted on May 1, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.15% against the USD to close at 0.9283. LME Copper prices declined 0.7% or $46.0/MT to $6724.0/MT. Aluminium prices fell 0.6% or $10.0/MT to $1769.5/MT. In the Asian … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Canada’s GDP came in line with economists’ projections for February

Posted on May 1, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0965, benefitting from a strong US ADP employment data and the Fed’s decision to taper its QE package by $10 billion. … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading marginally higher in a holiday-thin trading session

Posted on May 1, 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 0.8802, as a downbeat US GDP data for the first quarter disappointed market sentiment. On the economic front, the UBS consumption … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Central bank would not hesitate to alter its policy if risks materialise, says BoJ’s Governor, Kuroda

Posted on May 1, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.38% against the JPY and closed at 102.25, following a lacklustre US first-quarter GDP data. Yesterday, following the BoJ’s decision to keep its monetary policy intact, the bank’s … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: UK Pound trading tad higher ahead of a slew of UK economic releases

Posted on May 1, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.6876 as the latter declined following the release of a soft US GDP data for the first-quarter. In the UK, BoE’s … Continue reading →

Posted in GBP/USD | Comments Off