AUD/USD: RBA Governor’s comments lends helping hand to Aussie

Posted on February 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.32% against the USD to close at 1.0293. LME Copper prices declined 2.0% or $162.0/MT to $7847.5/MT. Aluminium prices declined 0.9% or $18.5/MT to $2047.0/MT. In the Asian session, at … Continue reading →

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EUR/USD: Greenback rose on FOMC minutes

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.92% against the USD and closed at 1.3273, after the minutes of the Federal Reserve’s latest monetary policy meeting, indicated that monetary authorities are growing more divided as to when … Continue reading →

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GBP/USD: Pound tumbles on BoE minutes

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 1.29% against the USD and closed at 1.5228, as minutes of Bank of England revealed a split in the 9-member Monetary Policy Committee, with three members voting for more easing, … Continue reading →

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USD/CHF: Swiss trade balance data awaited

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.76% against the CHF and closed at 0.9281. In economic news, Switzerland’s economic expectations index rose to a reading of 10.0 in February, from a reading of -6.9 in … Continue reading →

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USD/JPY: Yen advanced on remarks from Prime Minister Shinzo Abe

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 93.69. The Yen gained yesterday after Japan’s Prime Minister, Shinzo Abe reportedly stated that the need to set up a public-private fund … Continue reading →

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USD/CAD: Lonnie retreated on weak Canadian home price data, oil prices

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CAD to close at 1.0175. The Canadian Dollar came under selling pressure after Canadian home prices dropped for the fifth consecutive month and as oil prices … Continue reading →

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AUD/USD: Aussie continues to trade lower in the Asian session

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.84% against the USD to close at 1.0260. LME Copper prices declined 0.7% or $60.5/MT to $8009.5/MT. Aluminium prices declined 0.5% or $10.0/MT to $2065.5/MT. In the Asian session, at … Continue reading →

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EUR/USD: Euro gained on upbeat German, Euro-zone economic sentiment data

Posted on February 20, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.3395, as investors ditched the safe haven greenback and opted for the higher yielding single currency after the German and the Euro-zone’s economic sentiment … Continue reading →

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GBP/USD: Pound trading higher ahead of the BoE minutes

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.33% against the USD and closed at 1.5427. In the Asian session, at GMT0400, the pair is trading at 1.5443, with the GBP trading 0.1% higher from yesterday’s close, as … Continue reading →

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USD/JPY: Doubts over monetary outlook lends helping hand to Yen

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.10% against the JPY and closed at 93.71. On the Japanese economic front, the leading economic index rose to a reading of 93.4 in December, following a downwardly revised … Continue reading →

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USD/CAD: Disappointing Canadian wholesale sales cast shadow on the local currency

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD to close at 1.0119. The Canadian Dollar weakened as a drop in Canadian wholesale sales in December added to concerns over the outlook for the … Continue reading →

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