Monthly Archives: February 2012

EUR/USD: Euro down on Portugal concerns, disappointing US data

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.41% against the USD and closed at 1.3087. Earlier in the day, Euro rose after the Greece Prime Minister, Lucas Papademos, stated that he is “strongly committed” to reaching a debt-swap … Continue reading →

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USD/JPY: Yen strengthened on back of positive economic data from Japan

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 76.30. Yen advanced after the Small Business Confidence Index in Japan climbed to 45.7 in January, from 45.6 in December. Meanwhile, housing starts in … Continue reading →

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USD/CHF: Pair trading higher this morning, Swiss PMI and retail sales data awaited

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CHF and closed at 0.9199. On the economic front, Switzerland’s UBS consumption indicator advanced to a reading of 0.92 in December, compared to a reading of 0.78 in … Continue reading →

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USD/CAD: Canadian dollar slides after nation’s GDP declines unexpectedly in November

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.06% against the CAD to close at 1.0024. The Canadian dollar retreated after a report showed that the country’s economy unexpectedly contracted in the fourth quarter. Data released in Canada showed … Continue reading →

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AUD/USD: Aussie drifting lower this morning on weak Australian housing data

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD 1.0627 strengthened 0.33% against the USD to close at 1.0627. In the Asian session, at GMT0400, the pair is trading at 1.0616, with the AUD trading 0.11% lower from yesterday’s close, after … Continue reading →

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GBP/USD: Pound backpedals in the Asian session

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.5766. Data released in the UK showed that the mortgage approvals climbed to 52,939 in December, compared to total approvals of 52,628 recorded in … Continue reading →

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