AUD/USD: Aussie trading higher on robust home loans data

Posted on May 13, 2013 by GCI Financial

  On Friday, the AUD weakened 0.66% against the USD to close at 1.0009. LME Copper prices rose 1.1% or $79.5/MT to $7390.5/MT. Aluminium prices declined 0.9% or $16.50/MT to $1848.0/MT. In the Asian session, at GMT0300, the pair is … Continue reading →

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

Posted on May 13, 2013 by GCI Financial

  On Friday, EUR declined 0.38% against the USD and closed at 1.2983. On the macro front, German trade surplus rose to a seasonally adjusted €17.6 billion in March, from a revised €17.7 billion recorded in the previous month. Exports … Continue reading →

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USD/CAD: Canadian new house prices rose less-than-expected in March

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.0072. The Canadian Dollar came under pressure, after new house prices in Canada rose 0.2% (YoY) in March, slower than the 2.1% … Continue reading →

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AUD/USD: RBA trimmed its inflation forecast for 2013

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.12% against the USD to close at 1.0076. LME Copper prices declined 0.2% or $15.0/MT to $7311.0/MT. Aluminium prices declined 1.2% or $22.0/MT to $1864.5/MT. In the Asian session, at … Continue reading →

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USD/CHF: Swiss Franc trading tad higher in the Asian session

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.55% against the CHF and closed at 0.9496. In the Asian session, at GMT0300, the pair is trading at 0.9487, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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USD/JPY: USD passes the psychologically significant 100 level against the JPY

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.97% against the JPY and closed at 100.83, supported by a favorable jobless claims report. The Yen traded lower yesterday, breaking through the significant ‘100’ mark, as the Bank … Continue reading →

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GBP/USD: BoE refrains from expanding stimulus, maintains key interest rates

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.62% against the USD and closed at 1.5444. The Bank of England (BoE), in its monetary policy meeting yesterday, kept its benchmark interest rates unchanged at 0.5%, in line with … Continue reading →

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EUR/USD: ECB cut its Euro-zone growth forecasts for 2013

Posted on May 10, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.98% against the USD and closed at1.3032, after the European Central Bank (ECB), in its monthly report cut its GDP forecasts for the Euro-zone to -0.4% in 2013, from 0% … Continue reading →

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EUR/USD: Euro higher after German industrial production increased in March

Posted on May 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.65% against the USD and closed at 1.3160, after German industrial production increased in March, supporting the recently released German factory orders data. The German industrial production rose unexpectedly by … Continue reading →

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USD/JPY: Yen trading higher this morning

Posted on May 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the JPY and closed at 98.89. In the Asian session, at GMT0300, the pair is trading at 98.78, with the USD trading 0.11% lower from yesterday’s close. … Continue reading →

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GBP/USD: Markets await BoE interest rate decision

Posted on May 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.5541. Halifax house prices rose 1.1% (MoM) in April, following a revised 0.2% increase recorded in the previous month. Market had expected a … Continue reading →

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