USD/CHF: Swiss Franc trading lower ahead of the SVME PMI data

Posted on February 3, 2014 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.28% against the CHF and closed at 0.9051, buoyed by the latest batch of strong economic data from the US economy. In the Asian session, at GMT0400, the pair is trading at 0.9074, … Continue reading →

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USD/JPY: Yen trading marginally lower in the morning

Posted on February 3, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.38% against the JPY and closed at 102.34. The Japanese Yen gained ground against the US Dollar, after a report showed that housing starts in Japan advanced 18.0% (YoY) in December, far above … Continue reading →

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GBP/USD: Pound extends its losses in the Asian session

Posted on February 3, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.35% against the USD and closed at 1.6440. In the Asian session, at GMT0400, the pair is trading at 1.6427, with the GBP trading 0.08% lower from Friday’s close. Early morning, a report showed … Continue reading →

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EUR/USD: Euro-zone’s consumer inflation rate unexpectedly fell while the domestic unemployment rate remained steady at 12.0%

Posted on February 3, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.40% against the USD and closed at 1.3504, as an unexpected fall in the Euro-zone’s consumer inflation rate spurred fresh speculations for an additional monetary easing measure by the European Central Bank (ECB). Data … Continue reading →

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AUD/USD: Aussie trading lower this morning, eyes on next week’s RBA rate decision

Posted on January 31, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.54% against the USD to close at 0.8794. LME Copper prices declined 0.7% or $54.0/MT to $7155.0/MT. Aluminium prices declined 1.4% or $23.5/MT to $1686.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Trading above its MAs

Posted on January 31, 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 1.1158. Economic reports out yesterday showed that the gross domestic product in the US rose 1.3% (QoQ) in the fourth quarter … Continue reading →

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USD/CHF: Swiss Franc trading flat in the Asian session

Posted on January 31, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.85% against the CHF and closed at 0.9027. In Switzerland, the KOF leading indicator rose to a reading of 1.98 in January from a reading of 1.95 in … Continue reading →

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USD/JPY: Japanese consumer prices rose at sharpest rate in over five years in December

Posted on January 31, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.43% against the JPY and closed at 102.73, as Fed’s decision to taper its bond purchases continued to boost the greenback. In the Asian session, at GMT0400, the … Continue reading →

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GBP/USD: Sterling continues to trade lower this morning

Posted on January 31, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.6497. Economic data released yesterday showed that mortgage approvals in the UK rose to 71,638 in December from an upwardly revised 70,820 … Continue reading →

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EUR/USD: Greenback extends gain on strong US GDP data

Posted on January 31, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.72% against the USD and closed at 1.3558 The US Dollar continued to gain support, after the US economy grew in the fourth quarter. The Commerce Department’s Bureau of … Continue reading →

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EUR/USD: Fed announced further reduction in its bond purchases

Posted on January 30, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3657. Yesterday, the Federal Reserve policymakers unanimously voted to further cut the stimulus measures. The central bank announced another $10 billion reduction … Continue reading →

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