EUR/USD: European Commission upgraded Euro-zone’s growth forecast but slashed the region’s inflation outlook.

Posted on February 26, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.08% against the USD and closed at 1.3746, after data showed that, on a non-seasonally adjusted basis, Germany’s GDP rose 1.3% (YoY) in the fourth quarter, the fastest … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie trading marginally lower in the Asian session

Posted on February 25, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 0.9035. LME Copper prices declined 1.1% or $81.5/MT to $7130.0/MT. Aluminium prices fell 2.0% or $34.5/MT to $1699.5/MT. In the Asian session, … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading below its MA’s

Posted on February 25, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CAD to close at 1.1060. In the Asian session, at GMT0400, the pair is trading at 1.1057, with the USD trading slightly lower from yesterday’s … Continue reading →

Posted in USD/CAD | Comments Off

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

Posted on February 25, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.8888. In the Asian session, at GMT0400, the pair is trading at 0.8890, with the USD trading marginally higher from yesterday’s … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: BoJ should wait till summer data before deciding to increase stimulus, suggests Koichi Hamada

Posted on February 25, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 102.51. Yesterday, in Japan, Koichi Hamada, a key aide to Prime Minister, Shinzo Abe, suggested the Bank of Japan (BoJ) to … Continue reading →

Posted in USD/JPY | Comments Off

GBP/USD: “BoE would not take risk with UK recovery”, assures BoE Governor, Mark Carney

Posted on February 25, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6656, after the Bank of England (BoE) Governor, Mark Carney hinted towards a new phase of forward guidance to “ensure sustainable growth … Continue reading →

Posted in GBP/USD | Comments Off

EUR/USD: ECB to consider negative interest rate at its upcoming meeting in March, hints ECB’s Ignazio Visco

Posted on February 25, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3735, after the European Central Bank (ECB) Governing Council member, Ignazio Visco suggested the possibility that policymakers could discuss introducing negative deposit … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Aussie trading flat in the morning session

Posted on February 24, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.47% against the USD to close at 0.8967. LME Copper prices rose 0.4% or $26.5/MT to $7211.5/MT. Aluminium prices advanced 1.0% or $16.5/MT to $1734.0/MT. In the Asian session, at GMT0400, the pair … Continue reading →

Posted in AUD/USD | Comments Off

USD/CAD: Canada to outperform its 2% growth target, projects Finance Minister, Jim Flaherty

Posted on February 24, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.17% against the CAD to close at 1.1122. The Canadian Dollar lost ground against its US counterpart after data showed that retail sales in Canada declined 1.8% (MoM) in December, more than analysts’ … Continue reading →

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc cap still “appropriate and important”, says SNB’s Zurbruegg

Posted on February 24, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.19% against the CHF and closed at 0.8877. In Switzerland, a member of the Swiss National Bank (SNB) Governing Board, Fritz Zurbruegg, opined that the central bank still needs to maintain its 1.20 … Continue reading →

Posted in USD/CHF | Comments Off

USD/JPY: Japan reached only half-way on its path to 2% inflation target, says BoJ Governor, Kuroda

Posted on February 24, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.31% against the JPY and closed at 102.64, benefited from the comments of the St. Louis Fed Chief, James Bullard, that the Fed would continue tapering its massive accommodative stimulus measure as the … Continue reading →

Posted in USD/JPY | Comments Off