GBP/USD: Sterling trading higher in the Asian session

Posted on December 17, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.6311. The US Dollar weakened after lower than expected US PMI manufacturing data in December. The Manufacturing PMI declined to 54.4 in … Continue reading →

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EUR/USD: Euro on a high, after the region witnessed mostly upbeat data yesterday

Posted on December 17, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.3758, following better-than expected Purchasing Managers’ Index (PMI) data from the Euro-zone. The manufacturing PMI in the Euro-zone rose to a 31-month … Continue reading →

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AUD/USD: Aussie trading tad higher in the Asian session

Posted on December 16, 2013 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.36% against the USD to close at 0.8954. LME Copper prices rose 0.8% or $60.5/MT to $ 7230.0/MT. Aluminium prices declined 0.5% or $9.5/MT to $ 1759.5/MT. In the Asian session, at GMT0400, … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on December 16, 2013 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.44% against the CAD to close at 1.0599. In the Asian session, at GMT0400, the pair is trading at 1.0581, with the USD trading 0.17% lower from Friday’s close. The pair is expected … Continue reading →

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USD/CHF: Swiss Franc reversed its losses in the Asian session

Posted on December 16, 2013 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.10% against the CHF and closed at 0.8908. The Swiss Franc lost momentum after the Swiss Federal Statistical Office (FSO) reported that the producer and import prices in Switzerland declined 0.1% on a … Continue reading →

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USD/JPY: BoJ Q4 Tankan results positive

Posted on December 16, 2013 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.32% against the JPY and closed at 103.25. Data released during the weekend indicated that the Tankan large manufacturing index in Japan improved to a level of 16.0 in Q4 2013, from a … Continue reading →

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GBP/USD: UK interest rates to stay low until the economy sees prolonged growth; indicated Spencer Dale

Posted on December 16, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.27% against the USD and closed at 1.6294, after the Bank of England (BoE)’s chief economist, Spencer Dale, indicated that the central bank would not raise interest rates until Britain has enjoyed a “prolonged … Continue reading →

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EUR/USD: Euro-zone employment shows no improvement in the third quarter

Posted on December 16, 2013 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.17% against the USD and closed at 1.3726, after the European Central Bank (ECB) policymaker, Peter Praet, stated that the region’s economic recovery remains fragile. On the economic front, the number of people with … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session, following yesterday’s slump

Posted on December 13, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.36% against the USD to close at 0.8924. LME Copper prices rose 0.8% or $60.5/MT to $7230.0/MT. Aluminium prices declined 0.5% or $9.5/MT to $1759.5/MT. In the Asian session, … Continue reading →

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USD/CAD: CAD gives up ground after BoC Gov Stephen Poloz’s speech

Posted on December 13, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.50% against the CAD to close at 1.0646, after impressive retail sales for November and upbeat business inventories data for October from the US. The dismal unemployment claims … Continue reading →

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USD/CHF: SNB leaves interest rate unchanged and held CHF at minimum

Posted on December 13, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.8899. The Swiss Franc lost ground after the Swiss National Bank (SNB) announced its decision to maintain the minimum exchange rate … Continue reading →

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