USD/CHF: Trading below its MA’s

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.47% against the CHF and closed at 0.9451. In the Asian session, at GMT0300, the pair is trading at 0.9447, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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GBP/USD: BoE meeting in spotlight

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5138, following the release of UK construction PMI data. Britain’s construction purchasing managers’ index (PMI) rose to a seasonally adjusted reading of 47.2 … Continue reading →

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USD/JPY: BoJ policy meeting awaited

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.52% against the JPY and closed at 92.87. In the Asian session, at GMT0300, the pair is trading at 92.87, with the USD trading flat from yesterday’s close. Investors … Continue reading →

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EUR/USD: Euro gained on news of IMF’s contribution to the Cyprus bailout, trading tad lower this morning

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.2849, after the International Monetary Fund (IMF) announced that it would contribute around €1 billion ($1.3 billion) to Cyprus, as part of the … Continue reading →

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GBP/USD: BRC shop price index rises in March

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5108, amid lackluster economic data. In economic news, manufacturing PMI in the UK rose to a reading of 48.3 in March, from a … Continue reading →

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EUR/USD: Euro records losses on disappointing PMI data

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.2820, as weak economic data out of the Euro-zone indicated that the region was well into contraction territory last month. In economic news … Continue reading →

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AUD/USD: Australian trade deficit narrows in February

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0456, as the Reserve Bank of Australia (RBA) kept its cash rate at a record-matching low of 3.0% as expected. However, the central … Continue reading →

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USD/JPY: Yen retreated as BoJ meeting looms

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.17% against the JPY and closed at 93.35. In the Asian session, at GMT0300, the pair is trading at 93.53, with the USD trading 0.19% higher from yesterday’s close. … Continue reading →

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USD/CAD: Loonie moving southwards in the Asian session

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CAD to close at 1.0143. The Loonie registered gains as factory orders in the US, Canada’s largest trading partner, increased more-than-expected in February. Yesterday, factory orders … Continue reading →

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USD/CHF: Disappointing Swiss PMI data proved a dampener for Swissy

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.9488. The Swiss Franc lost its appeal after Switzerland’s manufacturing PMI declined to a reading of 48.3 in March, lower than the … Continue reading →

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EUR/USD: Euro rises in the Asian session

Posted on April 2, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.2849. Over the weekend, the Cypriot central bank confirmed that major depositors in Cyprus’s biggest bank would lose around 60% of savings over … Continue reading →

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