EUR/USD: US Dollar trading marginally higher ahead of the outcome of the Fed monetary policy meeting

Posted on January 29, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3655. On the economic front, the Federal Statistical Office Germany indicated that the import price index in Germany remained flat in December … Continue reading →

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AUD/USD: Australian business conditions improve to a 3-year high in December

Posted on January 28, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.43% against the USD to close at 0.8731. LME Copper prices declined 0.1% or $5.0/MT to $7235.0/MT. Aluminium prices declined 0.9% or $15.5/MT to $1711.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading just above its MA’s

Posted on January 28, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.1116. The US Dollar continued its upward trend, despite data indicating that the sales of new US homes dropped more than … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher in the Asian session

Posted on January 28, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CHF and closed at 0.8964. In the Asian session, at GMT0400, the pair is trading at 0.8962, with the USD trading tad lower from yesterday’s … Continue reading →

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USD/JPY: Yen reverses its losses this morning

Posted on January 28, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.55% against the JPY and closed at 102.67. The demand for the greenback continued to be underpinned as expectations for more stimulus cuts at the upcoming Federal Open … Continue reading →

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GBP/USD: UK’s recovery could be “short term” if based on a housing boom, warned Vince Cable

Posted on January 28, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.6574. Yesterday, Senior Liberal Democrat and Business Secretary, Vince Cable cautioned that rising house prices could end up becoming a threat for … Continue reading →

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EUR/USD: ECB’s Jens Weidmann suggest to trust the ECB for upholding its mandate

Posted on January 28, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.09% against the USD and closed at 1.3674. The US Dollar gained ground against the Euro amid speculation that the Fed, in its two-day policy meeting, would taper its … Continue reading →

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AUD/USD: Aussie has more room to depreciate, indicated RBA’s Heather Ridout

Posted on January 27, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.57% against the USD to close at 0.8708, after the Reserve Bank of Australia (RBA) Board Member, Heather Ridout stated that the Australian Dollar needs to fall even further to protect the economy … Continue reading →

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USD/CAD: Canadian inflation hits five-month high, however short of market expectations

Posted on January 27, 2014 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.39% against the CAD to close at 1.1070. The Canadian Dollar rose after the data revealed that the Canadian inflation gained traction in December. The Statistics Canada indicated that the consumer price index … Continue reading →

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

Posted on January 27, 2014 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.37% against the CHF and closed at 0.8949. In the Asian session, at GMT0400, the pair is trading at 0.8949, with the USD trading flat from yesterday’s close. The pair is expected to … Continue reading →

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USD/JPY: No need for more stimulus, BoJ minutes

Posted on January 27, 2014 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.93% against the JPY and closed at 102.43. In the Asian session, at GMT0400, the pair is trading at 102.40, with the USD trading marginally lower from yesterday’s close. Today morning, the Bank … Continue reading →

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