USD/CHF: Pair moving its above MA’s

Posted on August 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 1.18% against the CHF and closed at 0.9366. In the Asian session, at GMT0300, the pair is trading at 0.9365, with the USD trading marginally lower from yesterday’s close. The … Continue reading →

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USD/JPY: Japan’s monetary base expands in July

Posted on August 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 1.63% against the JPY and closed at 99.44, as demand for the dollar increased after data showed that US manufacturing purchasing managers’ index (PMI) grew to its highest level in … Continue reading →

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GBP/USD: Pound rises as NIESR raises UK growth forecasts

Posted on August 2, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.5118, as the Bank of England refrained from making any adjustments to the asset purchase facility or interest rate level. Meanwhile, the greenback … Continue reading →

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EUR/USD: Euro fell on dovish comments by ECB Chief, robust US data, trading higher this morning

Posted on August 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.66% against the USD and closed at 1.3212, as the European Central Bank (ECB) President, Mario Draghi indicated that interest rates in the Euro-zone would continue to remain low for some … Continue reading →

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USD/CAD: Loonie trading higher in the Asian session

Posted on August 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.63% against the CAD to close at 1.0349. In the Asian session, at GMT0300, the pair is trading at 1.0348, with the USD trading marginally lower from yesterday’s close. The … Continue reading →

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AUD/USD: Australian producer prices rise in the Q2 2013

Posted on August 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.16% against the USD to close at 0.8938. LME Copper prices rose 2.9% or $194.0/MT to $6999.0/MT. Aluminium prices rose 2.6% or $44.5/MT to $1776.5/MT. In the Asian session, at GMT0300, … Continue reading →

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AUD/USD: Lingering speculation of rate cuts by the RBA weighs on AUD

Posted on August 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.31% against the USD to close at 0.8952, as traders continue to bet that Reserve Bank of Australia (RBA) would cut interest rates, thus curbing demand for the Aussie. LME … Continue reading →

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USD/CAD: US Dollar fell as Fed gave no hint on timing of QE tapering

Posted on August 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell 0.15% against the CAD to close at 1.0286, after the Federal Reserve did not provide clue on when they will start tapering its asset purchase program. In Canadian economic … Continue reading →

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USD/CHF: Swiss Franc recording losses in the Asian session

Posted on August 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CHF and closed at 0.9262. Swiss data released yesterday showed that KOF leading economic indicator increased for a fourth consecutive month in July, suggesting that the … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on August 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.17% against the JPY and closed at 97.85. In Japan, housing starts grew 15.3% (YoY) in June, faster than the 14.5% rise in May. Meanwhile, the construction orders rose … Continue reading →

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GBP/USD: Pound trading lower; BoE rate decision awaited

Posted on August 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP dropped 0.45% against the USD and closed at 1.5173. In the Asian session, at GMT0300, the pair is trading at 1.5163, with the GBP trading marginally lower from yesterday’s close. Investors … Continue reading →

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