AUD/USD: Aussie continues to trade higher amid lack of domestic economic releases

Posted on October 4, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.16% against the USD to close at 0.9399. The US Dollar continued to face pressure from a US government shutdown, which extended for a third day, with no signs … Continue reading →

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USD/CAD: Loonie trading marginally lower ahead of Ivey PMI data

Posted on October 4, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0330. In the Asian session, at GMT0300, the pair is trading at 1.0329, with the USD trading tad lower from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading below its MA’s

Posted on October 4, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.8990, as a deadlock in the political resolution of a US government shut down sparked fresh concerns on the economic growth … Continue reading →

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USD/JPY: BoJ kept its interest rate unchanged at 0.1% and refrained from additional stimulus

Posted on October 4, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.09% against the JPY and closed at 97.27. In the Asian session, at GMT0300, the pair is trading at 97.25, with the USD trading tad lower from yesterday’s … Continue reading →

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GBP/USD: BoE Chief, Mark Carney dampens the prospect of an interest rate hike in the near future

Posted on October 4, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.47% against the USD and closed at 1.6158, after the Bank of England (BoE) Governor, Mark Carney, stated that the policy makers would not consider raising the interest rates … Continue reading →

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EUR/USD: Euro continues to rise

Posted on October 4, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.3623, buoyed by the latest batch of upbeat economic releases in the Euro-zone. In the Euro-zone, official data showed that retail sales … Continue reading →

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AUD/USD: Aussie regains ground following domestic service sector data

Posted on October 3, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.10% against the USD to close at 0.9384. LME Copper prices declined 0.9% or $63.0/MT to $7156.0/MT. Aluminium prices fell 0.7% or $12.5MT to $1773.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie extends its gains in the Asian session

Posted on October 3, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0327, as a government shut in the US spooked investors’ confidence. Earlier on Tuesday, the Bank of Canada Senior Deputy Governor, … Continue reading →

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USD/CHF: Tapering should be ‘very slow’ and last ‘several years’, indicates Fed’s Rosengren

Posted on October 3, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CHF and closed at 0.9021, as traders exercised caution in taking riskier bets amid a government shut down in the US. Meanwhile, a key Fed … Continue reading →

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USD/JPY: Yen trading lower amid lack of domestic economic data

Posted on October 3, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.60% against the JPY and closed at 97.36, as lingering concerns over a government shut down in the US continued to weigh on the demand outlook of the … Continue reading →

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GBP/USD: BoE’s Paul Fisher does not see a bubble in the UK’s housing market

Posted on October 3, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.6237, as the Bank of England (BoE), Markets Director, Paul Fisher, stated that the UK housing market is clearly gathering momentum and … Continue reading →

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