USD/CHF: Swiss Franc trading higher this morning

Posted on February 14, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.80% against the CHF and closed at 0.8936 On the economic front, data showed that the Swiss producer and import prices fell 0.3% on an annual basis in … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on February 14, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD to close at 1.0979, following dismal US retail sales and initial jobless claims data. In Canada, the new housing price index rose 0.1% on … Continue reading →

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USD/JPY: Yen extends its gains in the Asian session

Posted on February 14, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 102.18, as the latest batch of lacklustre US retail and initial jobless claims data casted doubts on the continuation of the … Continue reading →

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GBP/USD: Bets for a hike in interest rate next year are reasonable, says BoE’s Spencer Dale

Posted on February 14, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.6656, benefiting from comments of Bank of England (BoE) Chief Economist, Spencer Dale, who opined that, given the current economic outlook, … Continue reading →

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EUR/USD: Interest rate to remain at present or lower level for an extended period of time, hints ECB

Posted on February 14, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.66% against the USD and closed at 1.3676. The US Dollar came under pressure as the US retail sales missed expectations and declined 0.4% (MoM) in January and after … Continue reading →

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AUD/USD: Unemployment in Australia rose more than analysts’ expectations in January

Posted on February 13, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD marginally strengthened against the USD to close at 0.9023. LME Copper prices rose 0.8% or $54.5/MT to $7174.5/MT. Aluminium prices advanced 0.9% or $15.0/MT to $1686.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian Finance Minster hints stimulus should deflation risks materialise

Posted on February 13, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.0997. Yesterday, Canadian Finance Minister, Jim Flaherty, hinted that the government would mull the prospect of adding some stimulus to the … Continue reading →

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USD/CHF: Swiss annual consumer inflation rate stood pat in January

Posted on February 13, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9008, following hawkish comments from the St. Louis Fed President, James Bullard, who indicated that the Fed would persist with its … Continue reading →

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USD/JPY: Yen trading higher in the morning session

Posted on February 13, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.07% against the JPY and closed at 102.47. In economic news, machine tools orders in Japan rose 39.6% (YoY) in January, compared to a 28.1% increase registered in … Continue reading →

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GBP/USD: BoE upgraded its growth-forecast on the UK economy for 2014 and 2015

Posted on February 13, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.98% against the USD and closed at 1.6609, after the Bank of England (BoE), in its quarterly inflation report, raised its growth-forecast on Britain’s economy and hinted that the … Continue reading →

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EUR/USD: “ECB considering negative rate very seriously”, hints ECB’s Benoit Coeure

Posted on February 13, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3588, after the ECB Executive Board member, Benoit Coeure, hinted that the central bank was “very seriously” considering a negative deposit rate … Continue reading →

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