USD/CHF: Swiss Franc gained on Fed uncertainty

Posted on August 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.78% against the CHF and closed at 0.9171, as investors favoured the Swiss Franc ahead of the release of the minutes from FOMC’s latest meeting. In the Asian session, … Continue reading →

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USD/JPY: Yen extends gains against the greenback

Posted on August 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.27% against the JPY and closed at 97.34, ahead of the release of the minutes from Fed’s latest policy meeting, due later today. On the economic front, Japan’s all … Continue reading →

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USD/CAD: Loonie continue to slip following a plunge in oil prices

Posted on August 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD advanced 0.46% against the CAD to close at 1.0396. The Lonnie came under pressure, after the Canada’s biggest export, oil slid amid speculation that the Fed might start tapering its … Continue reading →

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EUR/USD: Euro continues its northward journey

Posted on August 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.64% against the USD and closed at 1.3421, as traders continue to digest report released by the German Bundesbank. According to the report, the European Central Bank would base its … Continue reading →

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GBP/USD: Pound slides in nervous trading ahead of Fed minutes

Posted on August 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.11% against the USD and closed at 1.5664, as investors’ awaited minutes from the Federal Reserve’s latest meeting on monetary policy, hoping that clues may be offered as to when … Continue reading →

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AUD/USD: RBA minutes did not signal immediate intention for rate cuts

Posted on August 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD dropped 0.90% against the USD to close at 0.9114. LME Copper prices declined 0.7% or $50.0/MT to $7285.5/MT. Aluminium prices declined 0.2% or $4.0/MT to $1872.5/MT. In the Asian session, at … Continue reading →

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USD/CAD: Market awaits fresh Fed cues on trimming asset purchases

Posted on August 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD added 0.13% against the CAD to close at 1.0348, ahead of Federal Reserve’s meeting minutes, which would provide fresh hints on when the central bank would start altering its asset … Continue reading →

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USD/CHF: Swiss Franc continues to witness gains in the Asian session

Posted on August 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell 0.23% against the CHF and closed at 0.9245. In the Asian session, at GMT0300, the pair is trading at 0.9232, with the USD trading 0.14% lower from yesterday’s close. … Continue reading →

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USD/JPY: Yen extends its northward movement in the Asian session

Posted on August 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 97.61. In Japan, a government report confirmed that leading economic index in the nation fell to a level of 107.2 during June, … Continue reading →

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GBP/USD: Pound continues to rise as CBI ups UK’s growth forecasts

Posted on August 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.5647 as investors continued to cheer UK’s previous week upbeat jobless claim and retail sales data. Moreover, the recent flurry of positive economic … Continue reading →

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EURUSD: Euro steady above 1.33 levels on Bundesbank report

Posted on August 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR edged up marginally against the USD and closed at 1.3334, on comments from the German central bank which suggested that the European Central Bank’s (ECB) low interest rate pledge last month … Continue reading →

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