GBP/USD: Fall in unemployment would not lead to rise in interest rates, indicated BoE’s Mark Carney

Posted on January 27, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.80% against the USD and closed at 1.6499, after the Bank of England (BoE) Governor, Mark Carney indicated that despite the UK unemployment rate nearing the BoE’s 7% target, the central bank is in … Continue reading →

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EUR/USD: Euro-zone recovery fragile: ECB Chief, Mario Draghi

Posted on January 27, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.08% against the USD and closed at 1.3678. The European Central Bank (ECB), President, Mario Draghi, at the World Economic Forum annual meet in Davos, indicated that the recovery of the Euro-zone is still … Continue reading →

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EUR/USD: Euro marginally lower this morning, after it rose yesterday on upbeat Euro-zone economic data

Posted on January 24, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 1.06% against the USD and closed at 1.3688, buoyed by the latest batch of upbeat economic releases from the Euro-zone economy. In economic releases, Markit manufacturing PMI for the … Continue reading →

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AUD/USD: Aussie extends its losses in the Asian trading hours

Posted on January 24, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.97% against the USD to close at 0.8758, hurt by a lacklustre manufacturing PMI data from China, its largest trading partner. LME Copper prices declined 0.6% or $42.0/MT to … Continue reading →

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USD/CAD: Loonie trading marginally lower, ahead of domestic consumer inflation report

Posted on January 24, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.1113. On the economic front, retails sales in Canada rose 0.6% (MoM) in November, surpassing analysts’ call for a rise of … Continue reading →

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USD/CHF: Swiss Government raises capital requirement for banks

Posted on January 24, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.53% against the CHF and closed at 0.8982, hurt by a dismal US employment and manufacturing data. Meanwhile, the Swiss Franc advanced against its US counterpart, after the … Continue reading →

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USD/JPY: Japan to take more than 2 years to achieve BoJ’s 2% inflation goal, says IMF’s Naoyuki Shinohara

Posted on January 24, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 1.21% against the JPY and closed at 103.39, after data revealed an increase in the US jobless claims for last week and after a report showed that activities … Continue reading →

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GBP/USD: BoE far from raising interest rates, hints MPC Paul Fisher

Posted on January 24, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.6632. However, the gains in the UK Pound were capped after the Bank of England (BoE) policy-maker, Paul Fisher, hinted that the … Continue reading →

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AUD/USD: Aussie trading lower in the morning session

Posted on January 23, 2014 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.45% against the USD to close at 0.8844. LME Copper prices declined 0.1% or $5.0/MT to $7327.0/MT. Aluminium prices rose 0.3% or $4.5/MT to $1747.0/MT. In the Asian session, at GMT0400, … Continue reading →

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USD/CAD: BoC maintains its benchmark interest rate at 1.0%

Posted on January 23, 2014 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 1.20% against the CAD to close at 1.1104. The Canadian Dollar declined against its US counterpart, the most in four years, after the Bank of Canada (BoC) kept its benchmark … Continue reading →

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USD/CHF: Swiss Franc pares losses in the Asian trading session

Posted on January 23, 2014 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9123. The Swiss France gave up ground against the US Dollar after a report showed that the ZEW survey – expectations in the … Continue reading →

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