USD/CHF: Swiss Franc’s safe-haven perception presents a challenge to monetary policy, says SNB Chief, Thomas Jordan

Posted on March 20, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.98% against the CHF and closed at 0.8819, following the Fed’s decision to trim its stimulus measure by yet another $10 billion. Traders also cheered the Fed Chief, … Continue reading →

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USD/JPY: Yen trading higher ahead of the BoJ Chief, Kuroda’s speech in Tokyo

Posted on March 20, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.95% against the JPY and closed at 102.44, after the US Fed trimmed its asset-purchase programme by another $10 billion and hinted the possibility for an interest rate … Continue reading →

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GBP/USD: UK claimant count change fell in February while the ILO unemployment rate came in unchanged in the three months to January

Posted on March 20, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.6535, as the latter advanced after the US Fed policymakers decided to trim the size of the central bank’s stimulus package by … Continue reading →

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EUR/USD: EUR declined following the Fed’s decision to trim its stimulus package and project an interest rate hike in the middle of 2015

Posted on March 20, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.80% against the USD and closed at 1.3818. The greenback advanced against the Euro-zone’s common currency after the US Fed, in its 2-day policy meeting, trimmed the size of … Continue reading →

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AUD/USD: Aussie reverses its gains in the Asian session

Posted on March 19, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 0.9131 as risk appetite among investor got a lift from President Vladimir Putin’s comments that Russia wasn’t seeking to split Ukraine further. … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on March 19, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.61% against the CAD to close at 1.1128, after a report showed that the number of building permits issued in the US rose more than expected to a … Continue reading →

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USD/CHF: Swiss economy to gain momentum in next two years, SECO

Posted on March 19, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.8733. Yesterday, the Swiss State Secretariat for Economic Affairs (SECO) reaffirmed its previous assessment of the economic upturn in Switzerland and … Continue reading →

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USD/JPY: Japan reported record trade deficit in February

Posted on March 19, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.42% against the JPY and closed at 101.48 as traders speculated that the Fed may abandon its 6.5% unemployment target which it uses as a benchmark for its … Continue reading →

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GBP/USD: Pound trading slightly lower ahead of the BoE’s most recent policy meeting minutes

Posted on March 19, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.6596, after Ukraine remained firm on its view that the Crimea peninsula would continue to be part of its country, suggesting more … Continue reading →

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EUR/USD: Euro trading tad lower ahead of the Fed monetary policy decision

Posted on March 19, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR marginally rose against the USD and closed at 1.3929. The EUR initially lost ground after the economic sentiment data from the Euro-zone and Germany disappointed investors, fuelling concerns over the … Continue reading →

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AUD/USD: RBA minutes confirmed policymakers’ view for a period of stability in interest rate

Posted on March 18, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 0.9084, after the Westpac Banking Corp dropped its view for an additional easing measure by the Reserve Bank of Australia (RBA) and … Continue reading →

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