Monthly Archives: December 2011

AUD/USD: Upbeat data helps Aussie to bounce back

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0246, after the Reserve Bank of Australia cut interest rates by 25 basis points for a second straight month. In the Asian session, at … Continue reading →

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USD/CAD: Canadian dollar maintains momentum

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.73% against the CAD to close at 1.0096. Canadian dollar strengthened after Bank of Canada (BoC) kept its key overnight rate at 1.0%. The BoC policy makers further stated that growth … Continue reading →

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USD/CHF: Swiss Franc weakened amid disappointing consumer price data, trading higher this morning

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9256. Swiss Franc fell against greenback, after reports showed a decline in Swiss consumer prices, raising speculation that Swiss National Bank would intervene again … Continue reading →

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USD/JPY: Trading flat this morning

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 77.73. In the Asian session, at GMT0400, the pair is trading at 77.73, with the USD trading flat from yesterday’s close. The pair is … Continue reading →

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GBP/USD: Pound fell on poor economic data, trading slightly higher this morning

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5602, after the Lloyds Banking Group’s Halifax division reported that the house price index in the UK dropped 0.9% (MoM) in November, from a … Continue reading →

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EUR/USD: Euro continues its upward journey

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.10% against the USD and closed at 1.3405, ahead of Euro-zone summit scheduled later this week. Euro also received support from reports that the European Union leaders are in talks to … Continue reading →

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EURO recovers overnight

Posted on December 7, 2011 by GCI Financial

The euro managed to recover further overnight as markets prepare for the opening of the EU Summit tomorrow. More details on what will be proposed surfaced yesterday and the new focus appears to be on the financial firepower of the Eurozone’s current rescue mechanisms, in addition to the pursuit of changes in the Eurozone’s treaties and institutional framework. Continue reading →

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Trading signals for Tuesday 06-12-2011

Posted on December 6, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 06-12-2011 11:00 GMT Continue reading →

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Standard & Poor’s puts 15 Eurozone countries on credit-watch negative

Posted on December 6, 2011 by GCI Financial

After the market close on Monday, Standard & Poor’s took the surprise decision to put 15 Eurozone countries on credit-watch negative. Initially the fear was only the AAA countries would be put on watch but given the ‘systemic risks’ of the current crisis, the ratings agency chose to act on the entire currency union. Continue reading →

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AUD/USD: Aussie fell this morning after the RBA’s rate decision

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD rose slightly against the USD to close at 1.0258. In the Asian session, at GMT0400, the pair is trading at 1.0198, with the AUD trading 0.58% lower from yesterday’s close, after the … Continue reading →

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USD/CAD: Canadian dollar trading lower this morning ahead of BoC interest rate decision

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 1.0170, as Standard & Poor’s warning for Euro-zone countries credit downgrade diminished appeal for riskier currencies. In the Asian session, at GMT0400, the pair … Continue reading →

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