USD/CHF: “No reason to exit the minimum exchange rate policy”, says SNB Chief, Jordan

Posted on November 26, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.40% against the CHF and closed at 0.9108. The Swiss Franc gave up ground against the US Dollar, after the Swiss National Bank (SNB) President, Thomas Jordan stated … Continue reading →

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USD/JPY: Nation on track to meet 2% price-stability target, indicates BoJ’s minutes

Posted on November 26, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.11% against the JPY and closed at 101.38. In the Asian session, at GMT0400, the pair is trading at 101.48, with the USD trading 0.10% higher from yesterday’s … Continue reading →

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GBP/USD: UK BBA mortgage approvals unexpectedly declined in October

Posted on November 26, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.6170, as an unexpected fall in the number of British Bankers’ Association’s (BBA) mortgage approvals during October, fuelled concerns on the recovery … Continue reading →

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EUR/USD: “Interest rates could remain low for an extended period, or even lower if need be”, says ECB’s Christian Noyer

Posted on November 26, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.13% against the USD and closed at 1.3533, after the European Central Bank (ECB) Governing Council Member, Christian Noyer, highlighted the risks of a prolonged low inflation to the … Continue reading →

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AUD/USD: Aussie trading tad lower ahead of RBA Deputy Governor, Philip Lowe’s speech

Posted on November 25, 2013 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.74% against the USD to close at 0.9160. LME Copper prices rose 1.1 % or $73.5/MT to $7065.5/MT. Aluminium prices advanced 1.0% or $16.5/MT to $1747.0/MT. In the Asian session, at GMT0400, the … Continue reading →

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USD/CAD: Canada’s consumer inflation failed to meet market expectation for October

Posted on November 25, 2013 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.17% against the CAD to close at 1.0538. On the economic front, Canada’s consumer price index rose 0.7% (YoY) in October, lesser than market expectation for a 0.9% rise and compared to previous … Continue reading →

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USD/CHF: Swiss Franc trading lower, with focus on Switzerland’s employment data

Posted on November 25, 2013 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.75% against the CHF and closed at 0.9072. In the Asian session, at GMT0400, the pair is trading at 0.9087, with the USD trading 0.17% higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: “Japan’s economy is projected to grow at a pace above its potential”, says BoJ Chief

Posted on November 25, 2013 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.07% against the JPY and closed at 101.23, as traders refrained from taking major bets in the US Dollar, amid lack of major economic releases from the US. In the Asian session, at … Continue reading →

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GBP/USD: Recovery in the UK economy has “a number of years to go”, says BoE’s Spencer Dale

Posted on November 25, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.20% against the USD and closed at 1.6213. However, the gains in the UK Pound were capped after the Bank of England’s (BoE) Chief Economist, Spencer Dale, warned that that the recovery in the … Continue reading →

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EUR/USD: German economy grew 0.3% in the third quarter

Posted on November 25, 2013 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.57% against the USD and closed at 1.3549, as the latest batch of strong economic data from Germany bolstered investors’ confidence in the recovery of the Euro-zone economy. Positive sentiment was also fuelled after … Continue reading →

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AUD/USD: RBA could intervene to counter Aussie’s strength: Glenn Stevens

Posted on November 22, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.07% against the USD to close at 0.9230, after the Reserve Bank of Australia (RBA) Governor, Glenn Stevens highlighted the possibility for the central bank to intervene in the … Continue reading →

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