EUR/USD: Euro gained amid upbeat European economic data; trading lower this morning

Posted on February 6, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.54% against the USD and closed at 1.3583, following upbeat Euro-zone and German services PMI data. In the Euro-zone, the final services PMI climbed to a reading of 48.6 in … Continue reading →

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GBP/USD: BRC shop price inflation eased in January

Posted on February 6, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.58% against the USD and closed at 1.5666. However, UK’s seasonally adjusted service purchasing managers’ index (PMI) advanced to 51.5 in January, from 48.9 in the previous month. In the … Continue reading →

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USD/JPY: Yen retreated amid expectations for further easing measures by the BoJ

Posted on February 6, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.54% against the JPY and closed at 93.59. The Yen weakened as the Governor Masaaki Shirakawa’s announcement that, he would resign from the Bank of Japan’s (BoJ) current post … Continue reading →

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USD/CHF: Swiss trade surplus narrowed in December

Posted on February 6, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9080. In Switzerland, trade surplus narrowed to CHF1.030 billion in December, from a revised CHF2.905 billion surplus in November. Analysts had expected … Continue reading →

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USD/CAD: Canadian Dollar reverses its previous session gains

Posted on February 6, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD to close at 0.9957. The greenback came under pressure, as overall risk appetite increased after the release of upbeat Euro-zone and US service sector data. … Continue reading →

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AUD/USD: Australian retail sales fell in December

Posted on February 6, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.49% against the USD to close at 1.0390, after the Reserve Bank of Australia signaled the possibility for fresh easing measures. LME Copper prices rose 0.2% or $16.5/MT to $8242.3/MT. … Continue reading →

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

Posted on February 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.9089. According to the data published by the Union Bank of Switzerland (UBS) the Real Estate Bubble Index in Switzerland rose to … Continue reading →

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EUR/USD: Euro fell on Spanish and Italian concerns

Posted on February 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.98% against the USD and closed at 1.3511, amid political turmoil in Spain and Italy. The yield on Spanish 10-year bonds rose, following allegations that Spanish Prime Minister, Mariano Rajoy, … Continue reading →

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GBP/USD: BRC retail sales rise in January

Posted on February 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD and closed at 1.5757. However, gains in the Pound were limited as concerns over political tensions in the Euro-zone reduced investor risk appetite. On the economic … Continue reading →

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USD/JPY: Japanese Yen trading lower in the Asian session

Posted on February 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.67% against the JPY and closed at 92.16. In the Asian session, at GMT0400, the pair is trading at 92.38, with the USD trading 0.24% higher from yesterday’s close. … Continue reading →

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USD/CAD: Canadian Dollar retreated as risk aversion increased among investors

Posted on February 5, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9979, as investors sought refuge in the safety of the greenback amid renewed Euro-zone worries. Moreover, drop in oil prices further pressured … Continue reading →

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