GBP/USD: Pound soars on upbeat domestic economic data and concerns over US budget talks

Posted on October 1, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6188, as an upbeat domestic mortgage approval data, bolstered the recovery prospect of the Britain economy. In the UK, data showed that … Continue reading →

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EUR/USD: Euro trading higher ahead of key manufacturing and employment data

Posted on October 1, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.21% against the USD and closed at 1.3524. The US Dollar gave up ground against the Euro, amid concerns over the US Senate budget talks. However, lingering political turmoil … Continue reading →

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AUD/USD: Aussie extends its previous session’s losses in the morning

Posted on September 30, 2013 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.45% against the USD to close at 0.9317. LME Copper prices rose 0.4% or $32.0/MT to $7252.5/MT. Aluminium prices advanced 1.6% or $28.0/MT to $1789.5/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Loonie trading marginally lower ahead of domestic GDP data

Posted on September 30, 2013 by GCI Financial

USDCAD Movement On Friday, the USD declined 0.11% against the CAD to close at 1.0301, as looming US budget concerns weighed on the demand prospect of the greenback. In the Asian session, at GMT0300, the pair is trading at 1.0305, … Continue reading →

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USD/CHF: Swiss Franc trading higher amid lack of domestic economic releases

Posted on September 30, 2013 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.51% against the CHF and closed at 0.9057, amid US budget talks jitters. The Swiss Franc also gained some support from an upbeat economic data, which showed that the KOF leading indicator in … Continue reading →

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USD/JPY: Yen extends its gains in the Asian session

Posted on September 30, 2013 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.65% against the JPY and closed at 98.28, as tension over the US budget talks weighed on investors’ sentiments. In the Asian session, at GMT0300, the pair is trading at 97.99, with the … Continue reading →

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GBP/USD: BoE Chief, Mark Carney sees no argument for an additional QE

Posted on September 30, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.59% against the USD and closed at 1.6134, after the Bank of England (BoE) Governor, Mark Carney, stated that as the economic recovery of the nation has gained momentum, there is no reason for … Continue reading →

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EUR/USD: Euro trading lower ahead of consumer inflation data

Posted on September 30, 2013 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.22% against the USD and closed at 1.3517, after the data indicated that economic confidence in the Euro-zone reached a two-year high in September after rising for five consecutive months. Meanwhile, the US Dollar … Continue reading →

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AUD/USD: US budget stalemate pushes riskier AUD lower

Posted on September 27, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD marginally weakened against the USD to close at 0.9357. Demand for the greenback rose as a strong US weekly jobless claim data spurred fresh speculation that the Fed might taper … Continue reading →

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USD/CAD: Loonie showing convergence with its MA’s

Posted on September 27, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.0312. In the Asian session, at GMT0300, the pair is trading at 1.0318, with the USD trading 0.06% higher from yesterday’s … Continue reading →

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

Posted on September 27, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9103. In economic news, the Swiss National Bank (SNB), in its quarterly bulletin, reaffirmed its decision to maintain a minimum exchange … Continue reading →

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