USD/CAD: Loonie extends its gains in the Asian trading hours

Posted on March 18, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD to close at 1.1061, as a soft New York Empire State manufacturing index report and concerns on the economic repercussion of an earthquake in … Continue reading →

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USD/CHF: Swiss Franc trading higher in the Asian session

Posted on March 18, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.8735, following an upbeat US industrial production data. Yesterday, a monthly survey from Bloomberg, showed that majority of the economists believed … Continue reading →

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USD/JPY: Japan on track to meet its 2% inflation goal, opines BoJ Governor, Kuroda

Posted on March 18, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.54% against the JPY and closed at 101.90. The Japanese Yen gave up ground against its US counterpart as easing Ukraine tensions weighed on the demand-outlook of safe-haven … Continue reading →

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GBP/USD: Pound trading tad lower ahead of BoE Chief, Mark Carney’s speech

Posted on March 18, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP marginally fell against the USD and closed at 1.6639, as the latter advanced following an upbeat US industrial production data. However, the gains in the greenback were somewhat pared after … Continue reading →

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EUR/USD: Euro-zone’s annual consumer inflation rate fell to 0.7% in February

Posted on March 18, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3925, rebounding from its earlier losses, resulting from a lacklustre Euro-zone’s consumer inflation report, which showed that consumer inflation rate in the … Continue reading →

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AUD/USD: Aussie reverses its losses in the Asian trading hours

Posted on March 17, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened marginally against the USD to close at 0.9025, amid concerns over the economic growth-outlook of its largest trading partner, China. LME Copper prices declined 0.1% or $5.0/MT to $6490.0/MT. Aluminium prices fell 0.3% … Continue reading →

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USD/CAD: Loonie trading tad higher in the morning session

Posted on March 17, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.18% against the CAD to close at 1.1098. However, gains were capped after data revealed that the preliminary Thomson Reuters/University of Michigan Consumer Sentiment Index declined to its lowest level since November in … Continue reading →

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USD/CHF: Swiss Franc pares its gains in the Asian session

Posted on March 17, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.27% against the CHF and closed at 0.8727. On the economic front, producer and import prices in Switzerland fell 0.4% (MoM) in February, contradicting market expectations for the prices to remain unchanged at … Continue reading →

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USD/JPY: Yen trading lower, following Friday’s gain

Posted on March 17, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.50% against the JPY and closed at 101.28, after the Reuters/University of Michigan’s consumer sentiment index in the US unexpectedly fell to a four-month low reading in March. Meanwhile, the Japanese Yen advanced … Continue reading →

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GBP/USD: UK economy might expand more than the official estimates, says BoE’s Charlie Bean

Posted on March 17, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP marginally rose against the USD and closed at 1.6628, as the latter declined following a downbeat consumer sentiment data. Meanwhile, the British Pound lost ground after an official data revealed that the total trade deficit … Continue reading →

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EUR/USD: Moody’s upgraded its rating outlook on the EU to “Stable”

Posted on March 17, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.28% against the USD and closed at 1.3904. The greenback declined against the Euro-zone’s common currency after the Thomson Reuters/University of Michigan preliminary index on the US consumer confidence fell to a four-month low … Continue reading →

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