GBP/USD: A further appreciation in the UK Pound would hamper UK exports, hints BoE’s Charlie Bean

Posted on March 11, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD and closed at 1.6638, after the Bank of England (BoE) member, Charlie Bean stated that a further appreciation in the British Pound would interfere with … Continue reading →

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EUR/USD: Stronger Euro creating downward pressure on the economy and inflation outlook, says ECB’s Christian Noyer

Posted on March 11, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR ended the day flat against the USD and closed at 1.3877, giving up its initial gains, after the ECB Governing council member, Christian Noyer, stated that the policymakers did not … Continue reading →

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AUD/USD: Aussie extends its weakness in the Asian session

Posted on March 10, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.45% against the USD to close at 0.9063. LME Copper prices declined 1.8% or $124.0/MT to $6930.5/MT. Aluminium prices edged down 0.1% or $2.5/MT to $1729.5/MT. In the Asian session, at GMT0400, the … Continue reading →

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USD/CAD: Unemployment rate in Canada came in unchanged at 7.0% in February

Posted on March 10, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.99% against the CAD to close at 1.1097. The Canadian Dollar lost ground against the US Dollar after an official data from Canada showed that the number of employed people in the economy … Continue reading →

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USD/CHF: Unemployment rate in the Swiss economy stood pat in February

Posted on March 10, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.28 % against the CHF and closed at 0.8777. In economic news, on a seasonally adjusted basis, unemployment rate in Switzerland remained unchanged at previous month’s level of 3.2% (MoM) in February, broadly … Continue reading →

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USD/JPY: Yen trading higher amid strong demand for safe-haven assets

Posted on March 10, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.25% against the JPY and closed at 103.32. In the Asian session, at GMT0400, the pair is trading at 103.07, with the USD trading 0.24% lower from Friday’s close. The Yen is trading … Continue reading →

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GBP/USD: UK consumer expectations fell to 2.8% from an earlier estimate of 3.6%

Posted on March 10, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.06% against the USD and closed at 1.6731, after the Bank of England (BoE) reported that consumer inflation expectations in the UK economy for next 12 months fell to 2.8%, from an earlier expectation … Continue reading →

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EUR/USD: Interest rate hike by mid 2015 fairly “reasonable”, opined Fed’s William Dudley

Posted on March 10, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.06% against the USD and closed at 1.3873, as easing tensions on Ukraine and lingering optimism on the growth-outlook of the Euro-zone economy improved traders’ appetite for risk-taking. Meanwhile, an upbeat rise in the … Continue reading →

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AUD/USD: RBA Governor, Glenn Stevens reiterates a period of stability in interest rate

Posted on March 7, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 1.41% against the USD to close at 0.9104 as investors speculated that the Reserve Bank of Australia (RBA) was running out of options to curb the currency’s recent strength … Continue reading →

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USD/CAD: Global factors could be a cause for a weakness in Canada’s economic performance, opines BoC’s John Murray

Posted on March 7, 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 1.0988. The Canadian Dollar gained ground against the US Dollar after data showed that building permits in Canada jumped 8.5% (MoM) … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of Switzerland’s employment and inflation data

Posted on March 7, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.82% against the CHF and closed at 0.8802. In the Asian session, at GMT0400, the pair is trading at 0.8797, with the USD trading 0.06% lower from yesterday’s … Continue reading →

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