USD/CAD: With soft August inflation data, no rate-hike pressure for Bank of Canada

Posted on September 23, 2013 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.25% against the CAD to close at 1.0294, following fresh speculation that the Fed might begin tapering in October. In Canada, an official report showed that the nation’s consumer price index stood at … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of SNB monthly statistical bulletin

Posted on September 23, 2013 by GCI Financial

USDCHF Movement On Friday, the USD declined slightly against the CHF and closed at 0.9104. In the Asian session, at GMT0300, the pair is trading at 0.9110, with the USD trading 0.07% higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Yen trading higher in holiday thin trade

Posted on September 23, 2013 by GCI Financial

USDJPY Movement On Friday, the USD marginally weakened against the JPY and closed at 99.38. The Yen gained ground against the greenback, after the Bank of Japan (BoJ) Governor, Haruhiko Kuroda expressed optimism on achieving central bank’s inflation target. Earlier … Continue reading →

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GBP/USD: Pound trading flat against the greenback in the Asian session

Posted on September 23, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.11% against the USD and closed at 1.6019. In economic news, an official data revealed that UK public sector net borrowing rose less than expected to a level of £11.452 billion in August, failing … Continue reading →

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EUR/USD: Euro rises as Angela Merkel wins German election for a historic third term

Posted on September 23, 2013 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.09% against the USD and closed at 1.3521, as a dismal Euro-zone’s consumer confidence data spooked investors’ sentiment. Data showed that consumer confidence in the Euro-zone region rose to a level of -14.9 in … Continue reading →

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AUD/USD: Aussie pares losses in the morning session

Posted on September 20, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.54% against the USD to close at 0.9444. LME Copper prices rose 3.0% or $211.0/MT to $7301.5/MT. Aluminium prices advanced 2.4% or $41.5/MT to $1783.5/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower ahead of domestic consumer inflation data

Posted on September 20, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0269. The Loonie declined against the greenback as traders mulled whether the recent gains in the currency, following Fed’s stimulus decision, … Continue reading →

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USD/CHF: Brighter outlook for Swiss economy, indicates SECO

Posted on September 20, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CHF and closed at 0.9106. However, the gains in the Swiss Franc were kept in check after the Swiss National Bank (SNB) kept its ceiling … Continue reading →

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USD/JPY: Yen trading in the positive territory after Kuroda’s speech

Posted on September 20, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 1.24% against the JPY and closed at 99.40. The Yen came under pressure, after the Bank of Japan (BOJ) Chief, Haruhiko Kuroda, stated that the bank’s quantitative easing … Continue reading →

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GBP/USD: Pound gave up ground following dismal domestic retail sales data, pares losses in the morning session

Posted on September 20, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.6035, as a lackluster report on UK’s retail sales data spooked investors confidence in the recovery of the UK economy. An official … Continue reading →

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EUR/USD: Greenback extends its decline on lingering Fed effect

Posted on September 20, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.07% against the USD and closed at 1.3534. The greenback extended its previous session’s decline on lingering effects of the Fed’s asset-purchase decision. In economic news, data showed that … Continue reading →

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