USD/CAD: Unemployment rate in Canada stood at previous month’s level of 6.9%

Posted on December 9, 2013 by GCI Financial

USDCAD Movement On Friday, the USD rose marginally against the CAD to close at 1.0652. In economic news, the Statistics Canada reported that unemployment rate in the nation stood at 6.9% in November, in-line with analysts’ expectations and similar to … Continue reading →

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USD/CHF: Switzerland’s consumer price index rises for the first time in two years

Posted on December 9, 2013 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.41% against the CHF and closed at 0.8930. The Swiss Franc advanced against the greenback after an official report revealed that Switzerland’s consumer price index rose 0.1% (YoY) in November, rebounding from previous … Continue reading →

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USD/JPY: “Yen would rally to 100 per USD”, projects an ex-BoJ official, Tohru Sasaki

Posted on December 9, 2013 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 1.15% against the JPY and closed at 102.90, after the US unemployment rate decline more-than-expected to 7.0%, bolstering bets for an early Fed tapering. During the weekend, the Bank of Japan (BoJ) Governor, … Continue reading →

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GBP/USD: UK consumers expect inflation to rise to 3.6% in the next year

Posted on December 9, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.06% against the USD and closed at 1.6340, as risk-appetite among investors rose after a report from the Bank of England (BoE) showed that median expectations for inflation over the next 12 months rose … Continue reading →

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EUR/USD: Angela Merkel’s coalition plan faces dissent from party members

Posted on December 9, 2013 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.18% against the USD and closed at 1.3694. The US Dollar gave up ground against the Euro after the Chicago Fed President, Charles Evans, ruled out the possibility for an earlier-than-expected Fed-tapering, by stating … Continue reading →

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AUD/USD: Aussie reverses its direction in the Asian session

Posted on December 6, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 0.9067. LME Copper prices rose 1.5% or $106.0/MT to $7081.0/MT. Aluminium prices advanced 1.5% or $26.0/MT to $1728.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower ahead of Canada’s unemployment data

Posted on December 6, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CAD to close at 1.0650. The Canadian Dollar gained ground against the greenback after an official report revealed that building permits in Canada surged 7.4% … Continue reading →

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USD/CHF: Swiss Franc trading tad lower, ahead of release of Swiss CPI numbers

Posted on December 6, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CHF and closed at 0.8968. In the Asian session, at GMT0400, the pair is trading at 0.8970, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/JPY: Yen trading lower in the Asian session, following yesterday’s gain

Posted on December 6, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.67% against the JPY and closed at 101.72. The greenback lost momentum, despite better-than-expected US GDP figure and a notable decline in claims for US unemployment benefits. In … Continue reading →

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GBP/USD: BoE holds interest rate steady

Posted on December 6, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.6332. In its policy meeting, the Bank of England (BoE) left its monetary policy unchanged. The BoE’s interest rate decision came after … Continue reading →

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EUR/USD: ECB slashes inflation forecast even as it holds steady on policy

Posted on December 6, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.61% against the USD and closed at 1.3669, after the European Central Bank (ECB) left its key interest rate unchanged. Meanwhile, the ECB Chief, Mario Draghi downplayed deflation risks. … Continue reading →

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