USD/CHF: Swiss Franc trading marginally lower in the morning session

Posted on March 5, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.51% against the CHF and closed at 0.8874. In the Asian session, at GMT0400, the pair is trading at 0.8875, with the USD trading slightly higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading above its MA’s

Posted on March 5, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.79% against the JPY and closed at 102.22. The Japanese Yen lost ground against the US Dollar, as demand for safe-haven assets declined after Russia’s President, Vladimir Putin … Continue reading →

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GBP/USD: Pound trading tad higher ahead of the UK Inflation Report Hearing

Posted on March 5, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6665, as a soft UK construction PMI data overshadowed optimism on easing Ukraine tensions. The UK construction PMI declined to a reading … Continue reading →

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EUR/USD: Interest rate hike to come in early 2015, expects Fed’s Jeffrey Lacker

Posted on March 5, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3742, as traders’ appetite for risk-taking increased after the Russian President, Vladimir Putin ordered military troops to return to their base from … Continue reading →

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GBP/USD: Pound continues to trade lower in the Asian session

Posted on March 4, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.42% against the USD and closed at 1.6665, as concerns over the Ukraine crisis and upbeat economic data from the US fuelled safe-haven greenback demand. However earlier during the … Continue reading →

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AUD/USD: RBA keeps its interest rate unchanged at 2.5%

Posted on March 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 0.8925. LME Copper prices declined 0.9% or $65.0/MT to $7032.5/MT. Aluminium prices fell 2.9% or $49.5/MT to $1674.5 /MT. In the Asian … Continue reading →

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

Posted on March 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.1081, supported by an upbeat US ISM manufacturing PMI data and strong demand for safe-haven assets. In economic news, the Statistics … Continue reading →

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USD/CHF: SVME PMI surged to a 33-month high in February

Posted on March 4, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CHF and closed at 0.8830. In Switzerland, the SVME purchasing managers’ index unexpectedly rose to a 33-month high reading of 57.6 in February, from a … Continue reading →

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USD/JPY: Low interest rate in Japan offering incentives to yen-carry trade, opines BoJ Governor, Haruhiko

Posted on March 4, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 101.42, as traders cheered an upbeat US ISM manufacturing PMI report. In the Asian session, at GMT0400, the pair is trading … Continue reading →

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EUR/USD: Prolonged low inflation could risk derailing Euro-zone recovery, opines IMF Chief, Lagarde

Posted on March 4, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.3736, as traders refrained from taking major bets in the risk-on, Euro, amid ongoing tensions in Ukraine. Negative sentiment for the Euro-bloc … Continue reading →

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AUD/USD: Aussie trading below its MA’s

Posted on March 3, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.32% against the USD to close at 0.8931. On Saturday, a report from China, Australia’s largest trading partner, showed that the NBS manufacturing PMI edged down to a reading of 50.2 in February, … Continue reading →

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