USD/JPY: Yen trading below its MA’s

Posted on March 18, 2013 by GCI Financial

  On Friday, the USD weakened 0.52% against the JPY and closed at 95.45. Earlier on Friday, Japan’s Parliament approved Prime Minister, Shinzo Abe’s nominee for central bank governor, Haruhiko Kuroda, and nominees for the two deputy governor posts, thereby … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CAD: Loonie trading lower this morning

Posted on March 18, 2013 by GCI Financial

  On Friday, the USD declined 0.25% against the CAD to close at 1.0195. The greenback fell after disappointing economic data in the US sparked profit taking ahead of an upcoming Federal Reserve policy meeting. In the Asian session, at … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swissy trading lower in the Asian session

Posted on March 18, 2013 by GCI Financial

  On Friday, the USD declined 0.74% against the CHF and closed at 0.9403. In economic news, the producer and import price index in Switzerland rose 0.1% annually in February, slower than the expected 0.3% growth and following a 0.8% … Continue reading →

Posted in USD/CHF | Leave a comment

AUD/USD: Aussie trading lower as risk appetite wanes

Posted on March 18, 2013 by GCI Financial

  On Friday, the AUD strengthened 0.24% against the USD to close at 1.0405. LME Copper prices rose 0.3% or $20.0/MT to $7782.0/MT. Aluminium prices rose 0.3% or $6.0/MT to $1944.0/MT. In the Asian session, at GMT0400, the pair is … Continue reading →

Posted in AUD/USD | Leave a comment

EUR/USD: Euro rises; EU summit in focus

Posted on March 15, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.3012, as calls for greater focus on growth and less on austerity helped boost the single currency against the greenback. Leaders in the European … Continue reading →

Posted in EUR/USD | Leave a comment

USD/JPY: Haruhiko Kuroda confirmed as BoJ Governor

Posted on March 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 95.95. On the economic front, machine tool orders in Japan dropped 29.8% (YoY) in February, following a 21.5% drop initially estimated. In … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Recovery is “in sight”, indicates Mervyn King

Posted on March 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 1.11% against the USD and closed at 1.5091. In its quarterly bulletin, the Bank of England revealed that the UK treasury would benefit a net £17.0 billion from transfers from … Continue reading →

Posted in GBP/USD | Leave a comment

USD/CHF: Swiss Franc trading higher ahead of domestic PPI data

Posted on March 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CHF and closed at 0.9470. Yesterday, the Swiss National Bank (SNB) retained the currency ceiling at CHF1.2 per euro. The central bank also left its benchmark … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: Loonie moved northwards tracking commodity prices, positive Canadian data

Posted on March 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CAD to close at 1.0223. The Canadian dollar registered gains on the back of higher commodity prices and positive Canadian economic data. In economic news, Statistics … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Strong Australian employment data boosted Aussie, trading tad lower this morning

Posted on March 15, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.79% against the USD to close at 1.0380, benefitting from strong Australian employment data. However, rally in the Aussie loosed the steam, after the Reserve Bank of Australia Assistant Governor, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CHF: SNB interest rate decision awaited later today

Posted on March 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.60% against the CHF and closed at 0.9527. In the Asian session, at GMT0400, the pair is trading at 0.9526, with the USD trading marginally lower from yesterday’s close. … Continue reading →

Posted in USD/CHF | Leave a comment