GBP/USD: Pound gained on encouraging UK economic data, BoE’s stance

Posted on February 8, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.27% against the USD and closed at 1.5706, amid positive UK economic data and as the Bank of England left interest rates on hold at 0.50% and voted to maintain its … Continue reading →

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USD/JPY: Japanese trade deficit narrowed in December

Posted on February 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.18% against the JPY and closed at 93.61. In the Asian session, at GMT0400, the pair is trading at 93.49, with the USD trading 0.12% lower from yesterday’s close. … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of unemployment and retail sales data

Posted on February 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CHF and closed at 0.9188. In Switzerland, a survey by State Secretariat for Economic Affairs (SECO) indicated that, on a quarterly basis, the consumer confidence index … Continue reading →

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USD/CAD: Canada’s building permits slumped in December

Posted on February 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CAD to close at 0.9980, as investor risk appetite waned after the European Central Bank expressed concern that the Euro’s strength may hurt recovery in its … Continue reading →

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AUD/USD: RBA lowers GDP, inflation outlook

Posted on February 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 1.0278. LME Copper prices rose 0.1% or $12.3/MT to $8211.8/MT. Aluminium prices rose 0.3% or $6.5/MT to $2065.8/MT. In the Asian session, at … Continue reading →

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GBP/USD: Mark Carney’s speech, BoE policy meeting takes center stage

Posted on February 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5663, as the Lloyds Banking Group’s Halifax division indicated that house prices in the UK decreased 0.2% (MoM) in January, in line with … Continue reading →

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EUR/USD: Euro continues to be pressured ahead of the ECB meeting

Posted on February 7, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD and closed at 1.3523, as investors fretted that European Central Bank (ECB) President, Mario Draghi, could express concerns over the impact of the Euro’s recent gains on … Continue reading →

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USD/JPY: Machinery orders in Japan unexpectedly rise in December

Posted on February 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.16% against the JPY and closed at 93.44. Yesterday, the Bank of Japan (BoJ) policy board member, Takehiro Sato stated that, the developments in exchange rate impact prices substantially, … Continue reading →

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USD/CHF: Swiss Franc trading higher in the Asian session

Posted on February 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 0.9102. In the Asian session, at GMT0400, the pair is trading at 0.9101, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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USD/CAD: Loonie trading lower as investors trade cautiously ahead of the ECB meeting

Posted on February 7, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9957. Yesterday, the Richard Ivey School of Business reported that, business activity in Canada improved significantly in January. In the Asian session, at … Continue reading →

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AUD/USD: Aussie trading flat this morning

Posted on February 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.70% against the USD to close at 1.0317. Late yesterday, the Australian Industry Group’s Performance of Construction Index declined to a reading of 36.2 in January, compared to a reading … Continue reading →

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