USD/CAD: Loonie lower on disappointing labour market data

Posted on April 8, 2013 by GCI Financial

  On Friday, the USD rose 0.43% against the CAD to close at 1.0175, as the Canadian economic data released alongwith the US data was disappointing. Canadian unemployment rate rose to 7.2% for March, from 7.0% recorded earlier. Meanwhile, international … Continue reading →

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EUR/USD: Euro tumbling in the Asian session as Portugal PM announces spending cuts

Posted on April 8, 2013 by GCI Financial

  On Friday, EUR rose 0.67% against the USD and closed at 1.3012. On the economic front, retail sales in the Euro-zone dropped 0.3% (MoM) in February, compared to a revised 0.9% growth recorded in the previous month. However, German … Continue reading →

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USD/JPY: Yen continues to trade in the negative territory

Posted on April 8, 2013 by GCI Financial

  On Friday, the USD strengthened 1.27% against the JPY and closed at 97.67. The Yen resumed its previous session losses, on news that the Bank of Japan (BoJ) would begin its proposed bond-buying earlier-than-expected. In the Asian session, at … Continue reading →

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EUR/USD: Euro trimmed losses on downbeat US jobless data; trading tad higher this morning

Posted on April 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.60% against the USD and closed at 1.2926, as an unexpected rise in the US initial jobless claims data for the week ended 30th March 2013 pressured the greenback. However, … Continue reading →

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GBP/USD: Pound advanced as BoE refrained from more stimulus

Posted on April 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.5224, after the Bank of England refrained from expanding economic stimulus by leaving its monetary policy unchanged. The Bank of England’s (BoE) Monetary … Continue reading →

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USD/JPY: BoJ’s aggressive monetary easing continues to push Yen lower

Posted on April 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 3.84% against the JPY and closed at 96.43. The Yen plummeted after the Bank of Japan’s new Governor, Haruhiko Kuroda lived up to his promise of embarking on aggressive … Continue reading →

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USD/CAD: Loonie trading flat this morning, Canadian jobless data awaited

Posted on April 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.0130, after US jobless claims increased unexpectedly in the last week. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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AUD/USD: Aussie dropped as demand for greenback rose

Posted on April 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD to close at 1.0424, despite strong Australian economic data, as demand for the greenback increased after the Bank of Japan expanded its monetary stimulus. LME Copper … Continue reading →

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USD/CHF: Swissy trading tad higher this morning

Posted on April 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9407. In the Asian session, at GMT0300, the pair is trading at 0.9402, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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AUD/USD: Domestic data boosts Aussie

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0453. LME Copper prices declined 0.4% or $29.0/MT to $7405.5/MT. Aluminium prices declined 0.9% or $16.5/MT to $1845.5/MT. In the Asian session, at … Continue reading →

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USD/CAD: Loonie moving southwards in the Asian session

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD ended flat against the CAD to close at 1.0144. In the Asian session, at GMT0300, the pair is trading at 1.0145, with the USD trading marginally higher from yesterday’s close. … Continue reading →

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