USD/CHF: Swiss Franc converging with its MA’s

Posted on February 18, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.8918, in a holiday-thin trading session. In the Asian session, at GMT0400, the pair is trading at 0.8921, with the USD … Continue reading →

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USD/JPY: BoJ refrained from altering its monetary policy despite a lacklustre fourth-quarter GDP growth

Posted on February 18, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.53% against the JPY and closed at 102.08. Yesterday, the IMF forecasted that the public debt in Japan would fall by 2018, citing two consumption tax hikes and … Continue reading →

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GBP/USD: Interest rate in the UK would not remain at current low level for many years, hints BoE’s David Miles

Posted on February 18, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.6719. Yesterday, the Bank of England (BoE) policy-maker, David Miles, hinted that interest rates in the nation would not remain at current … Continue reading →

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EUR/USD: Interest rate to remain at present or lower level as long as inflation does not climb above 2%, says ECB’s Nowotny

Posted on February 18, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.3704, in a thin holiday trade. Yesterday, the ECB Chief, Mario Draghi, asserted that he may act to counter low inflation as … Continue reading →

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AUD/USD: Aussie continues to trade higher in the morning

Posted on February 17, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.56% against the USD to close at 0.9032. LME Copper prices rose 0.3% or $18.5/MT to $7175.5/MT. Aluminium prices advanced 1.4% or $23.5/MT to $1710.5/MT. In the Asian session, at GMT0400, the pair … Continue reading →

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USD/CAD: Loonie trading tad lower in a thin-holiday trading session

Posted on February 17, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.06% against the CAD to close at 1.0971. In Canada, manufacturing shipments unexpectedly declined 0.9% (MoM) in December, compared to a 0.5% (MoM) increase witnessed in the previous month. Another report revealed that … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the Asian session

Posted on February 17, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.18% against the CHF and closed at 0.8920, following a dismal US industrial production data. In the Asian session, at GMT0400, the pair is trading at 0.8910, with the USD trading 0.11% lower … Continue reading →

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USD/JPY: Japan GDP rose less than market expectations for the fourth quarter

Posted on February 17, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.34% against the JPY and closed at 101.83, as a lacklustre US industrial production data and continuous unfavourable climatic conditions spurred concerns about the recovery of the US economy. On Saturday, Chief Cabinet … Continue reading →

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GBP/USD: Forces against an interest rate hike to persist, hints BoE Governor, Mark Carney

Posted on February 17, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.48% against the USD and closed at 1.6737. The US Dollar lost ground against the British Pound after data showed that the US industrial production unexpectedly dropped 0.3% (MoM) in January, failing to meet … Continue reading →

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EUR/USD: Euro-zone economy expanded at a faster pace than expected in the fourth quarter

Posted on February 17, 2014 by GCI Financial

EURUSD Movement On Friday, the EUR rose 0.15% against the USD and closed at 1.3697, after Euro-zone’s GDP rose more-than-expected 0.5% (YoY) in the fourth quarter on a seasonally adjusted basis, compared to a 0.3% (YoY) drop registered in the … Continue reading →

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AUD/USD: Weaker Aussie to aid Australia’s economic recovery, says RBA’s Christopher Kent

Posted on February 14, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.43% against the USD to close at 0.8982, after data showed that unemployment rate in Australia unexpectedly recorded the worst level in more than a decade. LME Copper prices … Continue reading →

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