EUR/USD: Fed Chairman Ben Bernanke strongly defends bond-buying programme

Posted on February 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3067. Earlier the Euro came under pressure, as market angst about the Euro-zone debt crisis situation re-emerged, after Italian elections served up a … Continue reading →

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USD/JPY: Japanese retail sales declined in January

Posted on February 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.25% against the JPY and closed at 92.13. The Japanese Yen found support, after small business confidence index in Japan advanced to a reading of 46.0 in February, from … Continue reading →

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USD/CHF: Switzerland’s employment level fell in Q4 2012

Posted on February 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9316. On the economic front, Switzerland’s employment level declined to 4.116 million in the Q4 2012, from 4.122 million registered in the … Continue reading →

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USD/CAD: Loonie trading lower this morning

Posted on February 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.0257. In the Asian session, at GMT0400, the pair is trading at 1.0259, with the USD trading marginally higher from yesterday’s close. … Continue reading →

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AUD/USD: Disappointing construction data in Australia cast a shadow on the local currency

Posted on February 27, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.37% against the USD to close at 1.0233, as risk appetite waned after Italian parliamentary elections failed to produce a clear winner, raising prospects of extended political uncertainty in the … Continue reading →

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GBP/USD: UK mortgage approvals surprisingly dropped in January

Posted on February 26, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.46% against the USD and closed at 1.5165. However, mortgage approvals in the UK declined unexpectedly to 32,288 approvals in January, from a revised 33,440 approvals in the previous month. Market … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on February 26, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 1.99% against the JPY and closed at 92.36. In the Asian session, at GMT0400, the pair is trading at 92.07, with the USD trading 0.32% lower from yesterday’s close. The … Continue reading →

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EUR/USD: Euro fell amid uncertainty in Italy election results

Posted on February 26, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.3066, as concerns that a potential political vacuum in Italy would revive worries over instability in the Euro-zone weighed on investor sentiment. On the … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning

Posted on February 26, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9316. In the Asian session, at GMT0400, the pair is trading at 0.9300, with the USD trading 0.17% lower from yesterday’s close. The … Continue reading →

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USD/CAD: Loonie fell as risk appetite waned, trading higher this morning

Posted on February 26, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0258. The Canadian Dollar lost appeal as weak US economic data eroded investors risk appetite. Meanwhile, the Bank of Canada (BoC) Governor, Mark … Continue reading →

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AUD/USD: RBA has option to cut interest rates, indicates Guy Debelle

Posted on February 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0270. The Aussie suffered losses after China’s HSBC manufacturing PMI recorded a drop in February. Moreover, the Aussie was further pressured after late … Continue reading →

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