GBP/USD: UK trade deficit narrowed more than market expectations for February

Posted on April 10, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.32% against the USD and closed at 1.6801, after an official data showed that total trade deficit in the UK narrowed more-than-expected to £2.06 billion in February, compared to … Continue reading →

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

Posted on April 10, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.44% against the USD and closed at 1.3853. The US Dollar lost ground after the minutes from the Fed’s March 18-19 policy meeting indicated that the central bank would … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on April 9, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.88% against the USD to close at 0.9348. Yesterday, the IMF opined that due to subdued investment in Australia’s mining sector, economic growth in the nation is expected to … Continue reading →

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USD/CAD: BoC should hold interest rate low until the economy witnesses strong recovery signs, suggests IMF

Posted on April 9, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 1.0930. The Canadian Dollar gained ground, despite official reports revealing that the housing starts in Canada slipped to a seasonally adjusted … Continue reading →

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USD/CHF: Swiss unemployment rate dropped to a non-seasonally adjusted 3.3% in March

Posted on April 9, 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 0.8839. The Swiss Franc advanced after data showed that, on a non-seasonally adjusted monthly basis, unemployment rate in Switzerland fell to … Continue reading →

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USD/JPY: Japan economy can currently withstand a sales tax hike, opines BoJ Governor, Kuroda

Posted on April 9, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.08% against the JPY and closed at 101.96. In Japan, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, following the central bank’s decision to keep its monetary policy … Continue reading →

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GBP/USD: IMF upgraded its view on the UK economic growth for 2014

Posted on April 9, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.6750 after the IMF raised its forecast on the UK economic growth for the second time this year, by stating that the … Continue reading →

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EUR/USD: ECB should implement more easing measures to support Euro-zone recovery and reach 2% inflation target, says IMF

Posted on April 9, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3794. However, the gains in the Euro-zone’s common currency were capped after the IMF, in its latest world economic outlook, opined that … Continue reading →

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AUD/USD: Aussie pares its losses in the Asian session

Posted on April 8, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 0.9266. Yesterday, the Reserve Bank of Australia reported that foreign reserve rose to A$ 62.2 billion in March, compared to a reserve … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on April 8, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.0977. The Canadian Dollar rose after the Bank of Canada, in its business outlook survey for the first quarter, offered an … Continue reading →

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USD/CHF: Franc trading marginally higher with focus on Swiss unemployment rate data

Posted on April 8, 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 0.8878. The Swiss Franc rose as traders cheered Switzerland’s consumer inflation data, which showed that consumer price index registered a flat … Continue reading →

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