EUR/USD: ECB kept its benchmark interest rate at record low of 0.5%

Posted on October 3, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.50% against the USD and closed at 1.3591, as the European Central Bank (ECB) President, Mario Draghi expressed optimism on the recovery of the Euro-zone economy and after news … Continue reading →

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AUD/USD: Australia’s trade deficit narrowed less than expectation for August

Posted on October 2, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.75% against the USD to close at 0.9393, as investors cheered the Reserve Bank of Australia’s (RBA) decision to keep its interest rate unchanged at 2.5%, at its October … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on October 2, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 1.0340. In the Asian session, at GMT0300, the pair is trading at 1.0344, with the USD trading marginally higher from yesterday’s … Continue reading →

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

Posted on October 2, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9066, as a downbeat PMI report from Switzerland overshadowed tensions of a US government shutdown. In Switzerland, the SVME – purchasing … Continue reading →

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USD/JPY: Japan’s Prime Minster confirmed the proposed sale tax hike from April 2014

Posted on October 2, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.43% against the JPY and closed at 97.95, as the US government’s decision to shut down its offices spooked investors confidence. Meanwhile, in Japan, Prime Minister, Shinzo Abe, … Continue reading →

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GBP/USD: Pound snaps its gains in the Asian session

Posted on October 2, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6193. The US Dollar lost ground against the Pound as the US government called for a shutdown after the Republicans and the … Continue reading →

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EUR/USD: Euro trading marginally lower ahead of ECB’s interest rate decision

Posted on October 2, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR marginally declined against the USD and closed at 1.3523, as traders refrained from taking major bets ahead of European Central Bank (ECB) policy decision. In the Euro-zone, data showed that … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of SVME PMI data

Posted on October 1, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9055. In the Asian session, at GMT0300, the pair is trading at 0.9042, with the USD trading 0.14% lower from yesterday’s close. The … Continue reading →

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AUD/USD: RBA keeps its benchmark interest rate unchanged at 2.5%

Posted on October 1, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.27% against the USD to close at 0.9323. LME Copper prices rose 0.5% or $38.0/MT to $7290.5/MT. Aluminium prices advanced 0.8% or $13.5/MT to $1803.0/MT. In the Asian session, … Continue reading →

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USD/CAD: Canada’s GDP surpasses market expectations for July

Posted on October 1, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.0325, as investors overlooked an upbeat growth in Canada’s gross domestic product (GDP) amid ongoing US budget talks. The data showed … Continue reading →

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USD/JPY: Expectations rises that Shinzo Abe will increase sales tax, cushion with more stimulus

Posted on October 1, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.58% against the JPY and closed at 98.39. In economic news, an official report showed that the housing starts in Japan stood at 8.8% (YoY) in August, failing … Continue reading →

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