GBP/USD: Gfk consumer confidence in UK unexpectedly deteriorates in October

Posted on October 31, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.6025. The greenback rose following the release of a slightly less-dovish-than-expected statement from the Federal Reserve. In a lone economic data release … Continue reading →

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EUR/USD: Fed maintains the size of its stimulus package at its policy meeting

Posted on October 31, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3724. The US Dollar gained ground on the heels of the release of the Fed’s latest announcement regarding monetary policy. While the … Continue reading →

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AUD/USD: Aussie trading tad higher

Posted on October 30, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 0.9480, after the Reserve Bank of Australia (RBA) Governor, Glenn Stevens, highlighted the possibility for the Aussie to be “materially lower” in … Continue reading →

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USD/CAD: BoC Governor, Poloz halts long-awaited plan for a hike in the interest rate

Posted on October 30, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.0473. The Canadian Dollar gave up ground against its US counterpart after the Bank of Canada (BoC) Governor, Stephen Poloz, stated … Continue reading →

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

Posted on October 30, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CHF and closed at 0.8997. In the Asian session, at GMT0400, the pair is trading at 0.9003, with the USD trading 0.07% higher from yesterday’s … Continue reading →

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USD/JPY: BoJ stimulus favourable for Japan’s economy, indicates IMF’s Jerry Schiff

Posted on October 30, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.59% against the JPY and closed at 98.21. Yesterday, the International Monetary Fund (IMF) Deputy Director for the Asia-Pacific Department, Jerry Schiff, applauded the positive impact of the … Continue reading →

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GBP/USD: UK mortgage approvals rose the most since February 2008 in September

Posted on October 30, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.56% against the USD and closed at 1.6050, as investors refrained from taking riskier bets ahead of Fed policy decision, due on Wednesday. Sentiments were also weighed by the … Continue reading →

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EUR/USD: ECB’s Ewald Nowotny sees no chances of an interest rate cut in the near future

Posted on October 30, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.34% against the USD and closed at 1.3742, as investors’ appetite for risk taking declined after the Bank of Italy Director General, Luigi Signorini, indicated that Italy’s economic growth … Continue reading →

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EUR/USD: Euro-zone economy out of danger zone, says ECB’s Benoit Coeure

Posted on October 29, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.3789. The US Dollar gained ground against the Euro after a report showed that industrial production in the US rose 0.6% (MoM) in September, … Continue reading →

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AUD/USD: RBA Governor believes the Aussie to weaken in the future

Posted on October 29, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.57% against the USD to close at 0.9543. LME Copper prices rose 0.5% or $35.0/MT to $7161.0/MT. Aluminium prices advanced 1.8% or $32.0/MT to $1839.0/MT. In the Asian session, … Continue reading →

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

Posted on October 29, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0447. In the Asian session, at GMT0400, the pair is trading at 1.0451, with the USD trading marginally higher from yesterday’s … Continue reading →

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