AUD/USD: Aussie trading lower amid lingering concerns on China’s economic growth

Posted on March 14, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 0.9030, on positive reaction to Australia’s upbeat employment data. However, the latest batch of soft economic releases from China, Australia’s largest trading … Continue reading →

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USD/CAD: Canada’s new housing price index rose the most in 20-months in January

Posted on March 14, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD to close at 1.1079, despite data indicating that the retail sales in the US advanced in February for the first time in three months, … Continue reading →

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USD/CHF: Swiss Franc continues to trade lower in the Asian session

Posted on March 14, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.8750, as traders cheered the latest batch of upbeat economic data from the US. In the Asian session, at GMT0400, the … Continue reading →

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USD/JPY: Economy to recover at a moderate pace, indicates BoJ minutes

Posted on March 14, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.03% against the JPY and closed at 101.78. The Japanese Yen advanced against the US Dollar as soft economic data from China and lingering concerns on Ukraine crisis, … Continue reading →

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GBP/USD: Pound trading marginally higher ahead of UK trade balance data

Posted on March 14, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP marginally rose against the USD and closed at 1.6622, amid lingering speculation that strong recovery in the UK economy could facilitate an interest rate hike sooner-than-expected. However, the gains in … Continue reading →

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EUR/USD: ECB’s forward guidance on interest rate to depreciate the Euro, says ECB’s Chief, Draghi

Posted on March 14, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.27% against the USD and closed at 1.3865, after the ECB President, Mario Draghi hinted that the central bank’s forward guidance on interest rate might depreciate the Euro and … Continue reading →

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AUD/USD: Australian economy added more than expected jobs in February

Posted on March 13, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.35% against the USD to close at 0.8997. Yesterday, the Reserve Bank of Australia (RBA) Deputy Governor, Philip Lowe pointed out to the decline in the nation’s labour participation … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on March 13, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.1119. In Canada, the Teranet/National Bank composite house price index rose 0.3% (MoM) in February, following a 0.4% increase registered in … Continue reading →

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

Posted on March 13, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8743. In the Asian session, at GMT0400, the pair is trading at 0.8730, with the USD trading 0.15% lower from yesterday’s … Continue reading →

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USD/JPY: Yen trading higher ahead of the minutes from BoJ’s policy meeting

Posted on March 13, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.82. On the economic front, the Bank of Japan’s (BoJ), in its monthly economic survey revealed that the Japanese economy has … Continue reading →

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

Posted on March 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6618, as traders searched for short-term direction in the pair amid lack of economic news from the UK. Yesterday, BoE Deputy Governor, … Continue reading →

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