AUD/USD: Fed tapering would be good news for A$, indicates RBA Assistant Governor

Posted on November 20, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 0.9443, amid speculation that the US Federal Reserve won’t start trimming stimulus this year, after Fed Chairman, Ben Bernanke’s dovish speech. LME … Continue reading →

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USD/CAD: Loonie trading lower ahead of BoC Governor’s speech

Posted on November 20, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.0457. Yesterday, the Bank of Canada (BoC) Deputy Governor, John Murray stated that the central bank is committed to stay focused … Continue reading →

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

Posted on November 20, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CHF and closed at 0.9089, after the Chicago Fed Chief, Charles Evans indicated that the central bank is “here to deliver” on both goals, i.e. … Continue reading →

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USD/JPY: Japan’s merchandised trade deficit unexpectedly widened in October

Posted on November 20, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.31% against the JPY and closed at 100.17. The Japanese Yen declined against the US Dollar, as traders refrained from taking major bets ahead of the Bank of … Continue reading →

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GBP/USD: Pound trading lower ahead of BoE’s minutes

Posted on November 20, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6136. The US Dollar gave up ground against its UK counterpart after Chicago Fed President, Charles Evans suggested that the central bank … Continue reading →

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EUR/USD: ECB should be “very careful” in using negative interest rates, says Jorg Asmussen

Posted on November 20, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3565, as the latest batch of upbeat economic releases from the Euro-zone bolstered the risk-taking appetite among investors. The ZEW survey on … Continue reading →

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AUD/USD: Aussie still at uncomfortably high level, indicates RBA minutes

Posted on November 19, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 0.9367. LME Copper prices rose 0.5% or $32.0/MT to $6999.5/MT. Aluminium prices edged down marginally by $0.5/MT to $1737.5/MT. In the Asian … Continue reading →

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USD/CAD: Financial risks now weighing less on BoC’s monetary decisions, says Deputy Governor, Tiff Macklem

Posted on November 19, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0434. The Canadian Dollar advanced against its US counterparts, as investors’ appetite for risk-taking increased after a report showed that foreign … Continue reading →

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USD/CHF: Swiss Franc extends its gains in the Asian session

Posted on November 19, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.9129. However, the losses in the greenback were trimmed after two eminent Fed policymakers expressed optimism on the recovery of the … Continue reading →

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USD/JPY: Yen trading below its MA’s

Posted on November 19, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.49% against the JPY and closed at 99.88. In the Asian session, at GMT0400, the pair is trading at 99.85, with the USD trading slightly lower from yesterday’s … Continue reading →

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GBP/USD: Pound trading lower

Posted on November 19, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP ended the day almost flat against the USD and closed at 1.6114, as traders refrained from taking riskier bets amid lack of major economic releases from the UK. Meanwhile, the … Continue reading →

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