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

Posted on February 24, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.14% against the USD and closed at 1.6638 after data showed that the UK retail sales fell more-than-expected 1.5% (MoM) in January, the most since 2012 and compared to a 2.5% (MoM) rise registered … Continue reading →

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EUR/USD: ECB ready to act if price-outlook deteriorates, hints ECB Chief, Mario Draghi

Posted on February 24, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.14% against the USD and closed at 1.3740. However, the gains in the Euro were capped after the ECB President, Mario Draghi, reiterated his earlier stance to act appropriately and take proper measures, if … Continue reading →

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AUD/USD: Aussie trading lower amid a lack of economic data from Australia

Posted on February 21, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.14% against the USD to close at 0.9007. LME Copper prices declined 0.5% or $35.0/MT to $7185.0/MT. Aluminium prices fell 0.5% or $9.0/MT to $1717.5/MT. In the Asian … Continue reading →

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

Posted on February 21, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.1102. In the Asian session, at GMT0400, the pair is trading at 1.1127, with the USD trading 0.23% higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading tad higher ahead of SNB monthly statistical bulletin

Posted on February 21, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.8894. In economic news, a report showed that Switzerland’s trade surplus widened more-than-expected to CHF2.59 billion in January, compared to a … Continue reading →

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USD/JPY: BoJ’s accommodative policy need not end in two years, indicated BoJ’s minutes

Posted on February 21, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 102.32. Yesterday, the Bank of Japan (BoJ) Board Member, Yoshihisa Morimoto, opined that, despite the soft external demand, he did not … Continue reading →

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GBP/USD: Interest rate in the UK to rise as soon as the spring of 2015, indicated BoE’s Weale

Posted on February 21, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.1% against the USD and closed at 1.6662. However, the losses in the British Pound were kept in check after the Bank of England (BoE) policymaker, Martin Weale hinted … Continue reading →

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EUR/USD: Economic situation improving in the Euro-zone, opines Eurogroup’s Dijsselbloem

Posted on February 21, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3721, after the latest batch of manufacturing and services activity data from the Euro-zone came in below expectations, adding to concerns that … Continue reading →

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AUD/USD: Aussie continues to trade lower in the Asian session

Posted on February 20, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.23% against the USD to close at 0.8996. LME Copper prices rose 0.2% or $15.0/MT to $7220.0/MT. Aluminium prices advanced 1.9% or $33.0/MT to $1726.5/MT. In the Asian … Continue reading →

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USD/CAD: Wholesale sales in Canada falls more than expected in December

Posted on February 20, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.10% against the CAD to close at 1.1074, following the release of the minutes from the Fed’s latest policy meeting, which indicated the policymaker’s stance for a continuation … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of official Swiss trade balance data

Posted on February 20, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.8890, after the ZEW survey reported that its index on the economic expectations from the Swiss economy declined to a reading … Continue reading →

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