Monthly Archives: June 2012

USD/CAD: Loonie down ahead of Canadian GDP report

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 1.0329. In Canada, current account deficit widened less-than-expected to C$10.3 billion in the first quarter of 2012, against the market expectation of C$10.9 billion … Continue reading →

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USD/CHF: Swiss Franc trading lower; Investors awaiting Swiss PMI and retail sales data

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9715. In economic news, the Swiss economy expanded 0.7% (QoQ) in the Q1 FY2012, compared to a 0.5% rise in the Q4 FY2012. In … Continue reading →

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USD/JPY: Yen gives up some gains against the US Dollar in the Asian session

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.91% against the JPY and closed at 78.37. The Yen advanced after housing starts in Japan surged 10.3% (YoY) in April, compared to a 5.0% rise in March. Additionally, construction orders … Continue reading →

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GBP/USD: Pound trading lower this morning; UK PMI data awaited

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.44% against the USD and closed at 1.5405. In economic news, Nationwide Building Society reported that the UK house prices rose 0.3% (MoM) in May, from 0.3% drop in April. Meanwhile, … Continue reading →

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EUR/USD: Euro down amid persisting Euro worries

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2364, amid jitters over the Irish referendum, looming Greek elections and continued worries over Spain’s faltering banking sector. Yesterday, Ireland voted on a key … Continue reading →

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