Monthly Archives: July 2011

USD/CHF: Pair trading above its MA’s

Posted on July 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.02% against the CHF and closed at 0.8421. In the US, the Institute for Supply Management reported that its business barometer rose to a reading of 61.1 in June, compared to … Continue reading →

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USD/JPY: Japanese Yen rose on signs of economic recovery, trading flat this morning

Posted on July 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 80.67. Japanese Yen rallied yesterday on signs of economic recovery in Japan, supported by better than expected housing starts data. In Japan, yesterday, the … Continue reading →

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GBP/USD: Pound trades flat this morning, after sliding yesterday

Posted on July 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6038. In the Bank of England credit conditions report, the UK banks stated that demand for mortgages would probably fall in the third quarter … Continue reading →

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EUR/USD: Euro rallies as ECB President talks tough on inflation

Posted on July 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.10% against the USD and closed at 1.4488, on investors’ speculations that the European Central Bank would raise interest rates next week to curb inflation and as Greece’s Parliament voted “yes” … Continue reading →

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