AUD/USD: Aussie continues to trade below parity

Posted on May 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD rose marginally against the USD to close at 0.9897. However, the Aussie continued to remain below parity, after the Australian Treasurer, Wayne Swan stated earlier this week that the nation would … Continue reading →

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EUR/USD: Euro-zone economy recorded the longest ever recession in Q12013

Posted on May 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.42 % against the USD and closed at 1.2883, after the Euro-area’s recession extended to a record sixth straight quarter in the first quarter of 2013 (Q12013). The economic data … Continue reading →

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GBP/USD: UK unemployment dropped unexpectedly in the three months to March

Posted on May 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5238. The ILO unemployment rate in the UK fell to 7.8% in the three months to March, from 7.9% recorded earlier. Moreover, the … Continue reading →

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USD/JPY: Japan’s economy accelerated in 1Q2013

Posted on May 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the JPY and closed at 102.25. In the Asian session, at GMT0300, the pair is trading at 102.22, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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USD/CAD: Pair trading tad higher this morning

Posted on May 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CAD to close at 1.0157. In Canadian economic news, manufacturing shipments dropped unexpectedly by 0.3% (MoM) in March, compared to a revised 2.8% increase recorded in … Continue reading →

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USD/CHF: Swiss ZEW survey expectations plunged in May

Posted on May 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.10% against the CHF and closed at 0.9655. In economic news, the ZEW survey of economic expectations declined to a reading of 2.2 in May, from a reading of … Continue reading →

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EUR/USD: Euro continues to trade lower in the Asian session

Posted on May 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2936, after German ZEW economic sentiment disappointed investors along with slowed down in inflation figures across the Europe. The ZEW survey reported that … Continue reading →

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GBP/USD: BoE inflation report eyed

Posted on May 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.51% against the USD and closed at 1.5228. On the economic front, the Conference Board leading economic index in the UK rose 0.4% in April, following the similar rate of … Continue reading →

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USD/JPY: Yen fell to a record low

Posted on May 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.50% against the JPY and closed at 102.19. In the Asian session, at GMT0300, the pair is trading at 102.19, with the USD trading flat from yesterday’s close. The … Continue reading →

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AUD/USD: Australia reported its second budget deficit within three years

Posted on May 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.62% against the USD to close at 0.9907, after the Australian government unveiled a budget that forecasted a deficit of A$18 billion for 2013-2014 fiscal year, and stated that the … Continue reading →

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USD/CHF: Swiss Franc continues to trade in red

Posted on May 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.31% against the CHF and closed at 0.9655. In the Asian session, at GMT0300, the pair is trading at 0.9662, with the USD trading marginally higher from yesterday’s close. … Continue reading →

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