EUR/USD: Fed continues tapering despite soft US GDP

Posted on May 1, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.3870. The US Dollar lost ground after data showed that annualised GDP in the US rose 0.1% in the first quarter, … Continue reading →

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AUD/USD: Aussie extends its upward direction in the morning trading hours

Posted on April 30, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.13% against the USD to close at 0.9269. LME Copper prices fell 0.2% or $12.0/MT to $6770.0/MT. Aluminium prices shed 1.2% or $21.0/MT to $1779.5/MT. In the Asian … Continue reading →

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USD/CAD: BoC Governor projects slowdown in Canada’s export sector to continue for several years

Posted on April 30, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CAD to close at 1.0949. Yesterday, the BoC Governor, Stephen Poloz, in his testimony before the Commons Finance Committee, expressed concerns on the recent slowdown … Continue reading →

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USD/CHF: Franc continues to trade lower ahead of the Swiss consumption and KOF leading indicator

Posted on April 30, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.8836. In the Asian session, at GMT0300, the pair is trading at 0.8838, with the USD trading tad higher from yesterday’s … Continue reading →

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USD/JPY: BoJ refrains from altering its monetary policy in April

Posted on April 30, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.13% against the JPY and closed at 102.63. The Japanese Yen declined as traders speculated that the recent rally in the safe-haven currency on the back of Ukraine … Continue reading →

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GBP/USD: BoE Governor, Mark Carney sees sustained economic growth in the UK economy

Posted on April 30, 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 1.6825, reversing its initial losses, triggered by a lacklustre UK GDP data for the first-quarter. Data showed that the Britain economy … Continue reading →

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EUR/USD: Euro trading marginally lower with focus on Euro-zone’s consumer inflation data

Posted on April 30, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.3812, after data from Euro-zone’s largest economy, Germany showed that annual consumer inflation rate rose to 1.3% in April, slower than … Continue reading →

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AUD/USD: Australian Dollar trading lower this morning

Posted on April 29, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.17% against the USD to close at 0.9257, as the latest batch of strong economic releases in the US supported the greenback. Meanwhile, the Australian Dollar lost ground … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian trading hours

Posted on April 29, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.1025, despite the release of upbeat US pending home sales and Dallas Fed manufacturing data. In the Asian session, at GMT0300, … Continue reading →

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USD/CHF: Swiss Franc trading higher amid lack of Swiss economic releases

Posted on April 29, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.07% against the CHF and closed at 0.8803. In the Asian session, at GMT0300, the pair is trading at 0.8798, with the USD trading 0.06% lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading marginally lower in a Japanese holiday trading session

Posted on April 29, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.38% against the JPY and closed at 102.49, following the recent batch of upbeat US economic data. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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