USD/JPY: Yen pares its losses in the Asian session

Posted on March 7, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.68% against the JPY and closed at 103.06 following a higher than expected fall in US initial jobless claims and after several Fed officials hinted at continuation of … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: BoE refrained from altering its policy stance at its March meeting

Posted on March 7, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.16% against the USD and closed at 1.6741, despite Bank of England’s (BoE) decision to keep its interest rate unchanged at a record low level of 0.5% and maintain … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: ECB kept its interest rate unchanged at 0.25% and upgraded its 2014 growth-outlook to 1.2%

Posted on March 7, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.95% against the USD and closed at 1.3863, as investors speculated that easing measure in the Euro-zone economy would not be implemented after the ECB President, Mario Draghi rubbished … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australian economy turning a corner, says RBA’s John Edwards

Posted on March 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.25% against the USD to close at 0.8979, on positive reaction to Australia’s upbeat fourth-quarter GDP data. LME Copper prices rose 1.0% or $67.5/MT to $7102.5/MT. Aluminium prices jumped … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: BoC kept its interest rate unchanged at 1% at its March policy meeting

Posted on March 6, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD to close at 1.1030. The Canadian Dollar rose against its US counterpart after the Bank of Canada (BoC) decided to keep its interest rate … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading above its MA’s

Posted on March 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD traded marginally higher against the CHF and closed at 0.8875. In the Asian session, at GMT0400, the pair is trading at 0.8888, with the USD trading 0.15% higher from … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Yen trading lower in the morning session

Posted on March 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.16% against the JPY and closed at 102.38. Yesterday, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda reiterated that the central bank’s policy measures are targeted towards ending … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: Pound trading tad lower ahead of the BoE’s policy decision

Posted on March 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.30% against the USD and closed at 1.6715, as traders reacted positively to a less-than-expected fall in the UK Markit service PMI data. The Markit Economics reported that its … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: ECB should cut interest rates and either increase LTRO or undertake QE to avert deflation, urges IMF

Posted on March 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.08% against the USD and closed at 1.3731, as traders refrained from taking major bets in the Euro-bloc’s common currency ahead of the ECB interest rate decision. Negative sentiment … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australia’s GDP rose more than market estimates for the fourth quarter

Posted on March 5, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.8958. LME Copper prices rose marginally by $2.5/MT to $7035.0/MT. Aluminium prices advanced 0.7% or $12.5/MT to $1687.0/MT. In the Asian session, … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading tad lower with focus of the BoC’s interest rate decision

Posted on March 5, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.1088. In the Asian session, at GMT0400, the pair is trading at 1.1092, with the USD trading marginally higher from yesterday’s … Continue reading →

Posted in USD/CAD | Comments Off