USD/CHF: Switzerland’s unemployment rate rose to 3.2% in October

Posted on November 11, 2013 by GCI Financial

USDCHF Movement On Friday, the USD rose 0.59% against the CHF and closed at 0.9222, as investors cheered an upbeat rise in the US non-farm payrolls employment data. Meanwhile, the Swiss Franc came under pressure after a report from Switzerland … Continue reading →

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USD/JPY: Yen pares its losses in the Asian trading hours

Posted on November 11, 2013 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.88% against the JPY and closed at 99.04, buoyed by a strong growth in the domestic non-farm payrolls data. In the Asian session, at GMT0400, the pair is trading at 99.01, with the … Continue reading →

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GBP/USD: Pound trading higher in the Asian session

Posted on November 11, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.57% against the USD and closed at 1.5996, as the latest batch of dismal economic releases in the UK weighed on the recovery prospect of the Britain economy. In the UK, a report showed … Continue reading →

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EUR/USD: US non-farm payroll employment surpassed analysts’ expectations for September.

Posted on November 11, 2013 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.37% against the USD and closed at 1.3360. The US Dollar gained ground against the Euro after upbeat US non-farm payrolls data strengthened the prospect for the Fed to taper its stimulus package sooner … Continue reading →

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AUD/USD: RBA trims its 2014 growth forecast on the Australian economy

Posted on November 8, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.72% against the USD to close at 0.9457, as a dismal employment report from Australia spooked investors’ confidence in the Aussie. LME Copper prices declined 1.1% or $81.0/MT to … Continue reading →

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USD/CAD: Loonie trading tad higher ahead of domestic employment data

Posted on November 8, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0454, buoyed by a strong growth in the US Gross Domestic Product (GDP) during the third quarter. In the Asian session, … Continue reading →

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

Posted on November 8, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CHF and closed at 0.9168, as investors cheered an upbeat rise in the US Gross Domestic Product (GDP) for the third quarter. In economic news, … Continue reading →

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USD/JPY: Yen trading below its MA’s

Posted on November 8, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.50% against the JPY and closed at 98.18. In economic news, Japan’s leading economic index rose to a reading of 109.5, more than analysts’ expectations for a rise … Continue reading →

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GBP/USD: BoE refrains from altering its monetary policies

Posted on November 8, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6090, as investors reacted positively to Bank of England’s (BoE) decision to keep its interest rate unchanged at a record low 0.5% … Continue reading →

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EUR/USD: ECB surprisingly lowered its benchmark interest rate to a record low 0.25%

Posted on November 8, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.81% against the USD and closed at 1.3409, after the European Central Bank (ECB) unexpectedly slashed its interest rate by 25 basis points to 0.25%. Negative sentiment was also … Continue reading →

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USD/CHF: Swiss Franc trading higher in the morning session

Posted on November 7, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.9120. In the Asian session, at GMT0400, the pair is trading at 0.9117, with the USD trading marginally lower from yesterday’s close. The … Continue reading →

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