USD/JPY: BoJ kept its monetary policy stance unchanged at its April meeting

Posted on April 8, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.24% against the JPY and closed at 103.07. In economic news, Japan’s leading economic indicator fell more-than-expected to a 5-month low reading of 108.5 in February, from previous … Continue reading →

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

Posted on April 8, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6608, in a subdued trading session on Monday. Yesterday, the Office for National Statistics noted that despite the recent substantial GDP growth, … Continue reading →

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EUR/USD: No imminent deflation risk in the Euro-zone, says ECB’s Yves Mersch

Posted on April 8, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.3742, after an ECB board member, Yves Mersch eased concerns on QE measures in the Euro-zone economy by stating that “there’s a … Continue reading →

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AUD/USD: Aussie pares its gains in the morning session

Posted on April 7, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.60% against the USD to close at 0.9288. LME Copper prices rose 1.1% or $71.0/MT to $6677.0/MT. Aluminium prices advanced 1.5% or $27.5/MT to $1810.0/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Loonie continues to trade higher in the Asian session, following Friday’s upbeat Canadian jobs data

Posted on April 7, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.47% against the CAD to close at 1.0983. The Canadian Dollar advanced against its US counterpart after official data showed that the Canadian economy added 42,900 net new jobs in March, far more … Continue reading →

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USD/CHF: Franc trading tad lower ahead of Swiss consumer inflation data

Posted on April 7, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.12% against the CHF and closed at 0.8920. In the Asian session, at GMT0300, the pair is trading at 0.8923, with the USD trading marginally higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Yen trading below its MA’s

Posted on April 7, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.63% against the JPY and closed at 103.24, hurt by the latest batch of downbeat jobs data from the US economy. In the Asian session, at GMT0300, the pair is trading at 103.29, … Continue reading →

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GBP/USD: Pound trading marginally lower amid lack of economic data from the UK

Posted on April 7, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.12% against the USD and closed at 1.6578, after the UK, mortgage lender, Halifax reported that house prices fell 1.1% (MoM) in March, their biggest fall in nearly two years, compared to a revised … Continue reading →

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EUR/USD: Lower interest rates needed to bolster Euro-zone’s recovery, says ECB’s Benoit Coeure

Posted on April 7, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.15% against the USD and closed at 1.3702. However, earlier during the day, the US Dollar came under pressure after data showed that US non-farm payrolls rose by a seasonally adjusted 192,000 in March, … Continue reading →

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

Posted on April 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.15% against the USD to close at 0.9233, hurt by soft Australian retail sales and Chinese service PMI data. Yesterday, the PBOC stated that the domestic price levels in … Continue reading →

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USD/CAD: Loonie trading higher ahead of Canada’s employment data

Posted on April 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.1037. However, the Canadian Dollar pared some its initial losses after data showed that Canada’s merchandise trade balance swung to a … Continue reading →

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