USD/JPY: Japan only half-way in its path to 2% inflation target, opines BoJ Chief, Kuroda

Posted on March 24, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.18% against the JPY and closed at 102.22, in a thin Japanese holiday trading session. In Japan, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda stated that the central bank would continue with … Continue reading →

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GBP/USD: Pound trading tad lower amid lack of economic releases from the UK

Posted on March 24, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.07% against the USD and closed at 1.6495. In economic news, official data showed that, due to excessive spending on government departments and a fall in receipts, the UK public sector net borrowings totalled … Continue reading →

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EUR/USD: Euro-zone consumer confidence improved to a six year high in March

Posted on March 24, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.12% against the USD and closed at 1.3795, as risk-appetite among traders rose after the preliminary reading of the Euro-zone’s consumer confidence index improved to a level of -9.3 in March, the highest reading … Continue reading →

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AUD/USD: Aussie continues to trade higher in the Asian session

Posted on March 21, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.09% against the USD to close at 0.9037. LME Copper prices declined 0.2% or $11.5/MT to $6434.5/MT. Aluminium prices rose 0.1% or $2.0/MT to $1674.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading tad lower ahead of Canada’s consumer inflation data

Posted on March 21, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.1242. In the Asian session, at GMT0400, the pair is trading at 1.1245, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/CHF: SNB kept its interest rate unchanged at 0.0% and vowed to maintain its cap on Swiss Franc

Posted on March 21, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.8836, as an upbeat weekly jobless claims data and lingering optimism from the Fed Chief, Janet Yellen’s yesterday’s hawkish view on … Continue reading →

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USD/JPY: BoJ Chief, Kuroda highlights high probability for Japan to achieve its 2% inflation goal from the end of fiscal 2014 to the beginning of fiscal 2015

Posted on March 21, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.40. In a speech to the Japan Chamber of Commerce and Industry, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda stated … Continue reading →

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GBP/USD: UK might utilize its spare capacity faster than official estimates, hints BoE’s Martin Weale

Posted on March 21, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.16% against the USD and closed at 1.6507, as the US Dollar continued to benefit from the Fed’s previous day’s decision to taper the size of its asset-purchase programme … Continue reading →

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EUR/USD: ECB would hike its interest rates only when necessary conditions exists, hints ECB’s Sabine Lautenschlaeger

Posted on March 21, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.3779. The US Dollar continued to benefit from the Fed Chief, Janet Yellen’s Wednesday’s forecast for an earlier-than-expected hike in the nation’s … Continue reading →

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AUD/USD: A permanent depreciation in the Aussie could add to 1.0% of Australia’s GDP over the next 2-3 years, says RBA

Posted on March 20, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.10% against the USD to close at 0.9031. Yesterday, the Fitch rating agency, in a note, dampened negative sentiments for a drastic decline in Chinese demand for Australian commodities, … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on March 20, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.03% against the CAD to close at 1.1243. The Canadian Dollar was weighed down by the growing speculation that the Fed’s decision to scale back its stimulus package … Continue reading →

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