Monthly Archives: June 2011

GBP/USD: Trading flat this morning

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6365. The Bank of England’s (BoE) Monetary Policy Committee decided to retain the interest rate at a record low of 0.5%, matching market estimates. … Continue reading →

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AUD/USD: Trading flat in the Asian session

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0625. In the US, the initial jobless claims unexpectedly rose to 427,000 for the week ended 4 June 2011, compared to the previous week’s … Continue reading →

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USD/CAD: Canadian dollar climbed as oil prices rise and US trade gap narrows

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.65% against the CAD to close at 0.9731. Canadian dollar advanced amid surge in oil prices and as US trade deficit narrowed unexpectedly. In the US, the trade deficit narrowed to … Continue reading →

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USD/CHF: Trading between its MA

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.8414. In the US, the wholesale inventories increased by 0.8% (M-o-M) in April, compared to an upwardly revised 1.3% gain recorded in March. In … Continue reading →

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USD/JPY: Trading lower in the Asian session

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.53% against the JPY and closed at80.32. In Japan, yesterday, the consumer sentiment index rose to a reading of 34.2 in May, following a reading of 33.1 posted in the previous … Continue reading →

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EUR/USD: Euro declined on Trichet comments and Greek economic woes

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.4513. The European Central Bank (ECB) maintained its key interest rate unchanged at 1.25%, matching market estimates, and rejected any direct participation by the … Continue reading →

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The dollar gave back some of yesterday’s gains against the euro

Posted on June 9, 2011 by GCI Financial

The dollar gave back some of yesterday’s gains against the euro, but losses were most pronounced against the New Zealand dollar. Although the RBNZ kept policy unchanged, the policy statement contained a reference to future rate hikes, which propelled NZDUSD about 80 pips higher. EURUSD traded 1.4564-1.4632, USDJPY 79.79-80.30. Continue reading →

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USD/CAD: Trading lower in the Asian session

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.53% against the CAD to close at 0.9795. In the US, the mortgage application volume, on a seasonally adjusted basis, declined by 0.4% in the week ended 3 June 2011, from … Continue reading →

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AUD/USD: Trading lower in the Asian session

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.70% against the USD to close at 1.0639. According to the US Federal Reserve’s latest Beige Book, economic activity has dropped off in several regions of the US, although the broader … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CHF and closed at 0.8358. In Switzerland, the unemployment rate, on a seasonally adjusted basis, declined to 3.0% in May, compared to an unemployment rate of 3.1% recorded … Continue reading →

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USD/JPY: Trading higher this morning

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.32% against the JPY and closed at 79.90, after the Ben Bernanke statement, on late Tuesday, raised concerns over the slow US economic recovery. In Japan, yesterday, the current conditions index … Continue reading →

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