GBP/USD: BoE refrains from altering its monetary policies in February

Posted on February 7, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6321. Yesterday, the Bank of England (BoE) kept its interest rate unchanged at 0.5% and maintained the size of its asset-purchase programme … Continue reading →

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EUR/USD: Idea of deflation should be dispensed in the Euro-zone economy, suggests ECB Chief, Mario Draghi

Posted on February 7, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.43% against the USD and closed at 1.3592, after the European Central Bank (ECB) President, Mario Draghi rejected the possibility of deflation in the Euro-zone economy. Mario Draghi, following … Continue reading →

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AUD/USD: Aussie trading higher on upbeat domestic data

Posted on February 6, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 0.8928. LME Copper prices declined 0.2% or $11.0/MT to $7096.0/MT. Aluminium prices rose 1.3% or $21.5/MT to $1663.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian session

Posted on February 6, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.1080, following a weak ADP private sector employment data in January. On the economic front, the Statistics Canada reported that building … Continue reading →

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USD/CHF: Swiss Franc cap to remain in place for as long as necessary, says SNB Chief, Thomas Jordan

Posted on February 6, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD ended the day flat against the CHF and closed at 0.9041. In Switzerland, the Swiss National Bank (SNB) Chief, Thomas Jordan reiterated his earlier view that the cap on … Continue reading →

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USD/JPY: BoJ would not stop easing abruptly, says BoJ Deputy Governor, Kikuo Iwata

Posted on February 6, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.22% against the JPY and closed at 101.47, after data showed that the US private sector added fewer-than-expected jobs in the month of January. In the Asian session, … Continue reading →

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GBP/USD: Pound trading lower, with focus on BoE’s policy decision

Posted on February 6, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP marginally fell against the USD and closed at 1.6324, after Markit Economics reported that the UK service sector activity declined to a seven-month low reading of 58.3 in January, defying … Continue reading →

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EUR/USD: Euro trading lower ahead of ECB’s interest rate decision

Posted on February 6, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.13% against the USD and closed at 1.3534. The US Dollar declined against the Euro after the ADP report showed that the US private sector added 175,000 jobs in … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher in the morning

Posted on February 5, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CHF and closed at 0.9043, after the Fed policy-makers, Jeffrey Lacker and Charles Evans hinted their support for a continued tapering in the central bank’s … Continue reading →

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AUD/USD: Australian service sector moving towards expansion, indicates AiG survey report

Posted on February 5, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 1.87% against the USD to close at 0.8912, buoyed by Reserve Bank of Australia (RBA)’s decision to keep its key interest rate unchanged at 2.5%. LME Copper prices rose … Continue reading →

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USD/CAD: Loonie trading tad lower this morning, following yesterday’s rise

Posted on February 5, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.1085. The Canadian Dollar advanced against the US Dollar as a rise in the prices of crude oil, Canada’s biggest export, … Continue reading →

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