EUR/USD: Euro trading higher this morning as investors eye Italian election results

Posted on February 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, EUR declined marginally against the USD and closed at 1.3182, as downbeat comments by the European Commission added to concerns over the outlook for growth in the Euro-zone. However, upbeat … Continue reading →

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GBP/USD: Pound continues to trade lower in the Asian session

Posted on February 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, GBP fell marginally against the USD and closed at 1.5251, after Moody’s Investors Service (Moody’s) downgraded its sovereign credit rating on the UK by one notch to “Aa1” and changed … Continue reading →

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USD/JPY: Yen staging a sharp decline this morning

Posted on February 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD strengthened 0.31% against the JPY and closed at 93.44. In the Asian session, at GMT0400, the pair is trading at 94.10, with the USD trading 0.71% higher from … Continue reading →

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AUD/USD: Aussie trading tad lower as Chinese PMI data disappoints

Posted on February 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the AUD strengthened 0.31% against the USD to close at 1.0325, buoyed by speculation that the Reserve Bank of Australia (RBA) would not be reducing interest rates further any time … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on February 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD declined marginally against the CHF and closed at 0.9304. In the Asian session, at GMT0400, the pair is trading at 0.9312, with the USD trading marginally higher from … Continue reading →

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USD/CAD: Loonie dropped on weak CPI, retail sales data

Posted on February 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD rose 0.42% against the CAD to close at 1.0220. The Canadian Dollar retreated amid another benign reading of Canada’s consumer price index for January and downbeat retail sales … Continue reading →

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EUR/USD: Euro weighed down by disappointing US and European economic data; trading higher this morning

Posted on February 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR fell 0.62% against the USD and closed at 1.3192, as investors fretted over Euro-zone’s economic data. Moreover, a string of weak US economic figures further dented investor sentiment. In the Euro-zone, the … Continue reading →

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GBP/USD: BoE should consider fresh easing measures to support growth, indicates David Miles

Posted on February 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5261. On the economic front, the Confederation of British Industry (CBI) indicated that its index of industrial order expectations improved to a reading … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on February 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.57% against the JPY and closed at 93.16. In the Asian session, at GMT0400, the pair is trading at 93.37, with the USD trading 0.23% higher from yesterday’s close. … Continue reading →

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USD/CHF: Swiss trade surplus widened in January

Posted on February 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 0.9308. In the Swiss economic news, trade surplus widened to CHF2.13 billion in January, compared to a downwardly revised surplus of CHF0.90 … Continue reading →

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USD/CAD: Canadian Core CPI expected at 1.0%

Posted on February 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0178. The Canadian Dollar registered losses, after the Bank of Canada (BoC), in its quarterly review of global economic issues, indicated that … Continue reading →

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