USD/JPY: Yen pares its losses in the Asian session

Posted on February 5, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.51% against the JPY and closed at 101.70, after two eminent Fed policymakers hinted their support for a continuation in scaling back the central bank’s stimulus measures. In … Continue reading →

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GBP/USD: UK construction PMI rose at the fastest pace in 6-1/2 years in January

Posted on February 5, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.6329, after data showed that UK’s construction PMI rose to a reading of 64.6 in January, defying analysts’ expectation for a fall … Continue reading →

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EUR/USD: Greenback advanced on Fed’s policy-makers support for tapering, trading marginally higher this morning

Posted on February 5, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3516. The US Dollar advanced against the single currency after two Fed officials hinted a continuation in the reduction of the central … Continue reading →

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AUD/USD: RBA keeps its interest rate unchanged at 2.5%

Posted on February 4, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.07% against the USD to close at 0.8748. LME Copper prices rose 0.1% or $4.5/MT to $7095.5/MT. Aluminium prices declined 0.3% or $5.0/MT to $1658.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian economy to grow 2.25% in 2014: IMF

Posted on February 4, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.1109, as traders reduced their positions in the greenback following the release of a disappointing manufacturing PMI data from the US. … Continue reading →

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USD/CHF: Swiss manufacturing PMI rose in January

Posted on February 4, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.57% against the CHF and closed at 0.9014, following a dismal US manufacturing PMI data. Meanwhile, the Swiss Franc advanced against its US counterpart after a report revealed … Continue reading →

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USD/JPY: “Japan moving towards achieving its 2% inflation target”, indicates BoJ Governor

Posted on February 4, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.03% against the JPY and closed at 101.19, hurt by a more-than-expected drop in the US ISM manufacturing PMI data for January. In the Asian session, at GMT0400, … Continue reading →

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GBP/USD: Pound trading lower ahead of domestic construction PMI data

Posted on February 4, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.77% against the USD and closed at 1.6310, as traders refrained from taking major bets in the UK Pound after data showed that the Markit manufacturing PMI for the … Continue reading →

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EUR/USD: Fed focused on the “real economy” and not just the stock markets, says Fed’s Richard Fisher

Posted on February 4, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.26% against the USD and closed at 1.3523, after a report showed that the Euro-zone’s Markit manufacturing PMI advanced to a reading of 54.0 in January, more than analysts’ … Continue reading →

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AUD/USD: Aussie trading flat, following Friday’s fall

Posted on February 3, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.50% against the USD to close at 0.8752, hurt by lacklustre producer inflation data. On Saturday, a report from China, Australia’s largest trading partner, showed that the NBS manufacturing PMI in the nation … Continue reading →

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USD/CAD: Canadian GDP rose in line with market expectations

Posted on February 3, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.34% against the CAD to close at 1.1120. The Canadian Dollar advanced against its US counterpart after an official data revealed that Canada’s gross domestic product (GDP) rose 0.2% (MoM) in November, in-line … Continue reading →

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