USD/CHF: KOF maintains Swiss growth forecast for 2013

Posted on June 24, 2013 by GCI Financial

  On Friday, the USD rose 0.79% against the CHF and closed at 0.9341. The Swiss National Bank reported that the M3 money supply in Switzerland rose 9.7% (YoY) in May, slower compared to an upwardly revised 10.3% rise reported … Continue reading →

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USD/JPY: Financial markets shall regain stability as economy improves, indicates BoJ Governor, Kuroda

Posted on June 24, 2013 by GCI Financial

  On Friday, the USD strengthened 0.79% against the JPY and closed at 97.78. The Bank of Japan (BoJ) Governor, Haruhiko Kuroda stressed that financial markets would probably stabilize over time, reflecting improvements in Japan’s economy, but the BoJ continues … Continue reading →

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GBP/USD: Pound trading lower this morning

Posted on June 24, 2013 by GCI Financial

  On Friday, GBP fell 0.55% against the USD and closed at 1.5428. In economic news, UK’s public sector net cash requirements stood at £3.1 billion in May. Also, the public sector net borrowing stood at £10.5 billion in May. … Continue reading →

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EUR/USD: Euro moving lower in the Asian session

Posted on June 24, 2013 by GCI Financial

  On Friday, EUR declined 0.67% against the USD and closed at 1.3139, pressured by political turmoil in Greece and expectations that the Federal Reserve would pull out its monetary stimulus. Greece’s political turmoil continued after disagreement with Prime Minister’s … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on June 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.91% against the USD to close at 0.9195, following downbeat Chinese PMI manufacturing data and after the Federal Reserve Chairman, Ben Bernanke hinted at ending the central bank’s quantitative easing … Continue reading →

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USD/CHF: SNB held its interest rate unchanged

Posted on June 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell marginally against the CHF and closed at 0.9263. The Swiss National Bank (SNB) maintained its key interest rate at 0.0%-0.25% and also decided to keep its minimum exchange rate … Continue reading →

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USD/CAD: Loonie trading tad higher this morning; Canadian CPI data awaited

Posted on June 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CAD to close at 1.0381. In the Asian session, at GMT0300, the pair is trading at 1.0376, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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EUR/USD: Euro tad higher this morning

Posted on June 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.4% against the USD and closed at 1.3228. On the economic front, manufacturing activity in Germany dropped unexpectedly in June. Meanwhile, manufacturing and services PMI’s in France and the Euro-zone improved … Continue reading →

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GBP/USD: Pound rose on positive UK retail sales data, trading tad lower this morning

Posted on June 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5513, after retail sales in the UK rose 2.1% (MoM) in May, compared to a revised 1.1% drop recorded in the previous month. Market … Continue reading →

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USD/JPY: Yen continues to trade lower this morning

Posted on June 21, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 97.02, after the US Federal Reserve stated that if the economy improves as it forecasts, it might consider scaling back its asset purchase … Continue reading →

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AUD/USD: Aussie moving lower as Chinese PMI disappoints

Posted on June 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.95% against the USD to close at 0.9280. LME Copper prices remained flat or $2.0/MT to $6972.5/MT. Aluminium prices declined 0.1% or $2.5/MT to $1792.5/MT. In the Asian session, at … Continue reading →

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