EUR/USD: A further appreciation in the Euro could trigger additional stimulus measures in the Euro-zone, says ECB’s Chief, Draghi

Posted on April 14, 2014 by GCI Financial

EURUSD Movement On Friday, EUR ended the day flat against the USD and closed at 1.3887, paring some of it initial losses after an ECB policymaker, Jens Weidmann opined that he did not see a deflation spiral in the Euro-zone, … Continue reading →

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AUD/USD: Aussie trading below its MA’s

Posted on April 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.21% against the USD to close at 0.9397, buoyed Australia’s strong employment data for March. LME Copper prices rose 0.1% or $7.0/MT to $6637.5/MT. Aluminium prices jumped 3.5% or … Continue reading →

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USD/CAD: Loonie snaps its losses in the morning session

Posted on April 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.0934, benefited from an upbeat weekly US jobless claims data. Meanwhile, the Canadian Dollar lost ground even after Canada’s new housing … Continue reading →

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USD/CHF: Swiss Franc trading tad lower in the Asian session

Posted on April 11, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8762. In the Asian session, at GMT0300, the pair is trading at 0.8763, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/JPY: Japan’s economy moving in-line with the central bank’s expectations, indicated BoJ’s minutes

Posted on April 11, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.72% against the JPY and closed at 101.40. The Japanese Yen rose as the latest batch of mixed economic data from China spurred demand for safe-haven assets. In … Continue reading →

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GBP/USD: BOE refrained from altering its policy measure at its April meeting

Posted on April 11, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.6779, as the latter advanced following an upbeat US weekly jobless claims data. Meanwhile, in the UK, the Bank of England (BoE), … Continue reading →

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EUR/USD: ECB keeping a close watch on inflation and is ready to take QE measures if needed, says ECB President, Draghi

Posted on April 11, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.25% against the USD and closed at 1.3887. However, gains in the Euro-zone’s shared currency were capped after the European Central Bank (ECB) President, Mario Draghi indicated that the … Continue reading →

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AUD/USD: Unemployment rate in Australia fell to 5.8%

Posted on April 10, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 0.9377. LME Copper prices declined 0.3% or $21.5/MT to $6630.5/MT. Aluminium prices rose 0.4% or $6.5/MT to $1791.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower, following yesterday’s rise

Posted on April 10, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD to close at 1.0881, following the release of the minutes from the Fed’s March 18-19 policy meeting, which dampened growing expectations that the Fed … Continue reading →

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USD/CHF: Swiss Franc continues to trade higher in the Asian session

Posted on April 10, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8800. In the Asian session, at GMT0300, the pair is trading at 0.8794, with the USD trading 0.07% lower from yesterday’s … Continue reading →

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

Posted on April 10, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 102.13. However, the gains were capped after the minutes from the Fed’s March policy meeting failed to support market expectations for … Continue reading →

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