GBP/USD: UK Pound trading tad higher ahead of the UK first-quarter GDP data

Posted on April 29, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6811. Yesterday, the Confederation of British Industry (CBI) Growth Indicator revealed that the economic growth in the UK continued to accelerate … Continue reading →

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EUR/USD: Low inflation to persist in Euro-zone for some more time but ECB far away from implementing QE, says ECB President, Draghi

Posted on April 29, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.3853. However, gains in the Euro-zone’s common currency were capped as the US Dollar regained some lost ground after US pending … Continue reading →

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AUD/USD: IMF downgrades Australia’s growth forecast

Posted on April 28, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9269, in a holiday-thin trading session. Late Sunday, the IMF, in its latest regional survey, indicated that the Australian economy would have to make efforts to … Continue reading →

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USD/CAD: Loonie snaps losses in the Asian trading hours

Posted on April 28, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.16% against the CAD to close at 1.1041, ahead of a busy week. In the Asian session, at GMT0300, the pair is trading at 1.1035, with the USD trading slightly lower from Friday’s … Continue reading →

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USD/CHF: Swiss Franc trims its gains in the early morning session

Posted on April 28, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.10% against the CHF and closed at 0.8809. During the central bank’s annual general meeting in Bern, the Swiss National Bank (SNB) President, Thomas Jordan, stated the Swiss Franc still remains highly valued … Continue reading →

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USD/JPY: Japan’s annual retail sales surged at the fastest pace in 17 years in March

Posted on April 28, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.17% against the JPY and closed at 102.13. The Japanese Yen gained ground as escalating turmoil in Ukraine fuelled demand for safe-haven assets. Late Sunday, the IMF projected Japan’s growth to ease to … Continue reading →

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GBP/USD: UK retail sales unexpectedly advanced in March

Posted on April 28, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell marginally against the USD and closed at 1.6801. However, earlier during the day, the British Pound advanced against its US counterpart after the National Statistics reported that retail sales in the UK posted a … Continue reading →

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EUR/USD: Euro pares its gains in the Asian session

Posted on April 28, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose marginally against the USD and closed at 1.3837, drawing support from upbeat German economic data released on Wednesday and Thursday. In a noteworthy event, Fitch Ratings confirmed Italy’s sovereign debt rating at “BBB+” and … Continue reading →

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USD/CHF: Swiss Franc trading flat against the greenback in the Asian session

Posted on April 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.8818. The Swiss Franc advanced following data that showed the Swiss economy posted a trade surplus of CHF2.1 billion in March … Continue reading →

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AUD/USD: Aussie trading tad higher this morning, following yesterday’s fall

Posted on April 25, 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 0.9268. LME Copper prices rose 1.3% or $86.0/MT to $6731.0/MT. Aluminium prices edged up 0.3% or $5.0/MT to $1840.5/MT. In the … Continue reading →

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USD/CAD: Interest rate to remain relatively lower even after the Canadian economy recovers, hints BoC Governor, Stephen Poloz

Posted on April 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CAD to close at 1.1023. Yesterday, the Bank of Canada (BoC) Governor, Stephen Poloz hinted the possibility for the Canadian economy to witness relatively cheap … Continue reading →

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