AUD/USD: Aussie continues to trade lower this morning

Posted on July 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 0.9236, following the Federal Reserve Chairman’s remarks that the tapering of US economic stimulus is not a preset path. LME Copper prices declined … Continue reading →

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USD/CAD: CAD dropped over dovish comments by the BoC new Governor, continues to trade lower this morning

Posted on July 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD traded higher by 0.24% against the CAD to close at 1.0405. The Loonie recorded losses, after the Bank of Canada’s (BoC) new Governor, Stephen Poloz, ruled out the possibility for … Continue reading →

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USD/CHF: Swiss Franc continues its southward journey this morning

Posted on July 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9413. In Switzerland, the Centre for European Economic Research (ZEW), reported that the economic expectations index improved to 4.8 in July, from … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on July 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.45% against the JPY and closed at 99.58. The Yen weakened against the greenback, on rising speculation that the Group of 20 finance ministers and central bankers meeting would … Continue reading →

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GBP/USD: Pound boosted after policymakers unite on maintaining pace of QE, trading lower this morning

Posted on July 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.5209, after the after the Bank of England’s (BoE) July policy meeting minutes showed that all policymakers including new Governor, Mark Carney, voted … Continue reading →

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EUR/USD: Euro trading lower in the Asian session

Posted on July 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.24% against the USD and closed at 1.3117. Yesterday, the Federal Reserve Chairman, Ben Bernanke, stated that tapering its current asset purchases program depends upon economic and financial developments of … Continue reading →

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USD/CHF: Swiss Franc reversed yesterday’s gains, trading lower this morning

Posted on July 17, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9405. In the Asian session, at GMT0300, the pair is trading at 0.9418, with the USD trading 0.14% higher from yesterday’s close. The … Continue reading →

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USD/JPY: Pair is trading between its moving averages

Posted on July 17, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.84% against the JPY and closed at 99.12. In the Asian session, at GMT0300, the pair is trading at 99.35, with the USD trading 0.23% higher from yesterday’s close. The … Continue reading →

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USD/CAD: CAD trading tad lower ahead of BoC rate decision

Posted on July 17, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD fell 0.56% against the CAD to close at 1.0380, before the Federal Reserve Chairman, Ben Bernanke, testifies to Congress later today. Economic data showed that manufacturing shipments in Canada rose 0.7% … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on July 17, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.68% against the USD to close at 0.9245, after the Reserve Bank of Australia, in the minutes of its July policy meeting, stated that the current policy stance was appropriate for … Continue reading →

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GBP/USD: Pound trading tad lower this morning; BoE minutes awaited

Posted on July 17, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.23% against the USD and closed at 1.5129. In the UK, consumer prices rose 2.9% annually in June, slightly lower than expectations for a 3.0% rise. Meanwhile, monthly producer prices … Continue reading →

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