USD/CHF: Swiss Franc extends its gain on forecast-matching domestic jobs data

Posted on September 10, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.66% against the CHF and closed at 0.9327. The Swissy rose as investors reacted positively to Switzerland’s employment data, which did not disappoint market expectation. On a seasonally … Continue reading →

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USD/JPY: BoJ board urged fiscal reform at August meeting, indicates BoJ minutes

Posted on September 10, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.30% against the JPY and closed at 99.71. In Japan, an official report showed that the nation’s consumer confidence index declined to a reading of 43.0 in August, … Continue reading →

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GBP/USD: Positive comments from George Osborne continues to boost the demand for Pound

Posted on September 10, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP gained 0.40% against the USD and closed at 1.5697, as investors cheered UK Chancellor of the Exchequer, George Osborne’s comments on the recovery of the Britain economy. He indicated that … Continue reading →

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EUR/USD: Investor confidence in the Euro-zone rose sharply in September

Posted on September 10, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.64% against the USD and closed at 1.3256, as investors’ confidence in the Euro-area surged upward in September and as demand for the safe-haven currency fell on speculation that … Continue reading →

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AUD/USD: Aussie trading higher amid upbeat data from China

Posted on September 9, 2013 by GCI Financial

AUDUSD Movement On Friday, the AUD strengthened 0.77% against the USD to close at 0.9190. LME Copper prices rose 1.0% or $67.5MT to $7170.5/MT. Aluminium prices advanced 1.5% or $26.5/MT to $1780.5/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Loonie continues its rise following upbeat domestic employment data

Posted on September 9, 2013 by GCI Financial

USDCAD Movement On Friday, the USD fell 0.96% against the CAD to close at 1.0399. The Canadian Dollar strengthened on the back of positive domestic employment data. In Canada, an official data showed that the economy added 59,200 jobs during … Continue reading →

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

Posted on September 9, 2013 by GCI Financial

USDCHF Movement On Friday, the USD declined 0.78% against the CHF and closed at 0.9377. In economic news, data showed that Switzerland’s consumer price index declined 0.1% (MoM) in August, defying market expectation for a rise to 0.0% and following … Continue reading →

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USD/JPY: Yen pares gains following domestic GDP data

Posted on September 9, 2013 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.88% against the JPY and closed at 99.24, as a soft employment data from the US spooked investors’ confidence. In Japan, data showed that the nation’s coincident index rose to a reading of … Continue reading →

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GBP/USD: Pound extends its Friday’s gains

Posted on September 9, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.28% against the USD and closed at 1.5634, as investors favoured the pound following a downbeat US employment data, thus dampening the demand prospect of the dollar. However, the latest batch of dismal economic … Continue reading →

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EUR/USD: Lackluster US employment data continues to spur a sell-off in the dollar

Posted on September 9, 2013 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.48% against the USD and closed at 1.3182, as German industrial orders fell unexpectedly in July and as a soft US nonfarm payrolls data fuelled speculation that the Fed might delay plans to taper … Continue reading →

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AUD/USD: Investor’s eye the outcome of Australian Federal elections over the weekend

Posted on September 6, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.50% against the USD to close at 0.9122, as the latest batch of upbeat economic data from the US fuelled fresh speculation that the Fed might begin tapering its … Continue reading →

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