USD/CAD: Canada’s annualised GDP rose more than market expectations for the fourth quarter

Posted on March 3, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.60% against the CAD to close at 1.1056, following a dismal US GDP data for the fourth-quarter. Meanwhile, the Canadian Dollar gained ground against its US counterpart after a report showed that Canada’s … Continue reading →

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USD/CHF: Swiss Franc continues to trade higher in the Asian trading hours

Posted on March 3, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.96% against the CHF and closed at 0.8800. On the economic front, the KOF leading indicator in Switzerland rose surprisingly to a level of 2.03 in February, from previous month’s reading of 2.01. … Continue reading →

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USD/JPY: Capital spending in Japan rose at a slower pace than market expectations for fourth-quarter

Posted on March 3, 2014 by GCI Financial

USDJPY Movement On Friday, the USD marginally weakened against the JPY and closed at 102.07, following a lacklustre fourth-quarter US annualised GDP data. In the Asian session, at GMT0400, the pair is trading at 101.42, with the USD trading 0.63% … Continue reading →

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GBP/USD: Pound trading marginally higher in the Asian session

Posted on March 3, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.33% against the USD and closed at 1.6746 after the Nationwide housing prices in the UK rose for the 14th straight month by 0.6% (MoM) in February, broadly in-line with market estimates, but slightly … Continue reading →

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EUR/USD: Moody’s upgrades Germany’s rating outlook to “Stable”

Posted on March 3, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.75% against the USD and closed at 1.3809, as traders reacted positively to the Euro-zone’s consumer inflation data, which showed that the consumer price index rose 0.8% (YoY) in February, similar to the pace … Continue reading →

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AUD/USD: Aussie trading lower in the morning session

Posted on February 28, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD marginally weakened against the USD to close at 0.8960. LME Copper prices declined 0.8% or $54.0/MT to $7095.0/MT. Aluminium prices fell 1.1% or $19.0/MT to $1716.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading tad lower, with focus on Canada’s GDP data

Posted on February 28, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.1125, following the Fed Chief Janet Yellen’s comments which failed to provide a clear picture on the impact of the extreme … Continue reading →

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USD/CHF: Swiss GDP rose at an annual rate of 1.7% in the fourth quarter

Posted on February 28, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.8882. In economic news, Switzerland’s GDP rose 1.7% (YoY) in the fourth quarter, less than analysts’ call for a rise of … Continue reading →

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USD/JPY: Japan’s national consumer inflation index registered a 1.4% annual rise in January

Posted on February 28, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 102.12, as traders reacted negatively to the Fed Chief, Janet Yellen’s testimony before the Senate and after the rising tensions in … Continue reading →

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

Posted on February 28, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.6691, as the greenback declined, hurt by a dismal weekly jobless claims data and Fed Chief, Janet Yellen’s comments before the US … Continue reading →

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EUR/USD: Euro-zone clearly not in deflation, says ECB President, Mario Draghi

Posted on February 28, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.19% against the USD and closed at 1.3707. The US Dollar declined against the Euro-zone’s common currency pressurised by a lacklustre weekly US jobless claims data and following comments … Continue reading →

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