USD/CHF: Swissy trading lower in the morning session

Posted on April 23, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 0.9345. Yesterday, the Swiss National Bank reported that M3 money supply in Switzerland increased 9.9% in March, compared to a 9.8% rise reported … Continue reading →

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USD/CAD: Canadian Dollar trading lower this morning

Posted on April 23, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0259. In the Asian session, at GMT0300, the pair is trading at 1.0275, with the USD trading 0.16% higher from yesterday’s close. The … Continue reading →

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AUD/USD: Aussie under pressure as Chinese PMI disappoints

Posted on April 23, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0264. LME Copper prices declined 1.4% or $99.5/MT to $6875.5/MT. Aluminium prices declined 1.6% or $30.5/MT to $1841.0/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/JPY: Japan recovery a few years away, indicates Taro Aso

Posted on April 22, 2013 by GCI Financial

  On Friday, the USD strengthened 1.35% against the JPY and closed at 99.55. In the Japanese economic news, the all industry activity index climbed 0.6% (MoM) in February, compared to a downwardly revised 1.6% drop recorded in January. Leading … Continue reading →

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GBP/USD: Pound fell on Fitch downgrade, trading tad higher this morning

Posted on April 22, 2013 by GCI Financial

  On Friday, GBP fell 0.33% against the USD and closed at 1.5232, after Fitch Ratings lowered the UK’s long-term foreign and local currency issuer default ratings one step to “AA+” from “AAA”, citing the weak growth performance of the … Continue reading →

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USD/CHF: Cap on Swiss Franc ‘indispensable’, indicates SNB Chairman

Posted on April 22, 2013 by GCI Financial

  On Friday, the USD rose 0.10% against the CHF and closed at 0.9333. On Saturday, the Swiss National Bank’s Chairman, Thomas Jordan stated that the risk of a resurgence in the global financial crisis indicates that the Swiss National … Continue reading →

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USD/CAD: Canadian Dollar starts on a positive note this morning

Posted on April 22, 2013 by GCI Financial

  On Friday, the USD rose marginally against the CAD to close at 1.0264. On the Canadian economic front, the consumer price index (CPI) rose 1.0% (MoM) in March, while the annual core CPI climbed 1.4% in March. Moreover, wholesale … Continue reading →

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AUD/USD: Australia Dollar moving northwards in the Asian session

Posted on April 22, 2013 by GCI Financial

  On Friday, the AUD weakened 0.13% against the USD to close at 1.0281. LME Copper prices rose 0.2% or $12.5/MT to $6975.0/MT. Aluminium prices declined 0.1% or $2.5/MT to $1871.5/MT. In the Asian session, at GMT0300, the pair is … Continue reading →

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

Posted on April 22, 2013 by GCI Financial

  On Friday, EUR rose marginally against the USD and closed at 1.3062. The European Central Bank (ECB) board member Jens Weidmann stated that interest rates in Europe are appropriate given current conditions. However, the Euro remained vulnerable as he … Continue reading →

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EUR/USD: Uninspiring US economic data weighed on greenback

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3053, as Spain’s treasury successfully sold debt with the yield on ten-year bond slipping to the lowest level since September 2010 and after … Continue reading →

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USD/CAD: Canadian inflation data awaited

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell marginally against the CAD to close at 1.0258. In the Asian session, at GMT0300, the pair is trading at 1.0245, with the USD trading 0.13% lower from yesterday’s close. … Continue reading →

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