EUR/USD: Euro pressured as weak US consumer data quelled risk appetite

Posted on January 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, EUR declined 0.37% against the USD and closed at 1.3325, as downbeat consumer sentiment data in the US turned investors away from riskier assets and go long on the safe-haven … Continue reading →

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EUR/USD: Euro rose following successful Spanish bond auction

Posted on January 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.3375, after Spain successfully sold over €4.5 billion of bonds maturing in 2015, 2018 and 2041. The Euro further cemented gains as risk … Continue reading →

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GBP/USD: Pound reverses previous session losses

Posted on January 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.5978. In the Asian session, at GMT0400, the pair is trading at 1.5983, with the GBP trading marginally higher from yesterday’s close. In … Continue reading →

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USD/JPY: Yen fell on speculation of central bank’s easing action

Posted on January 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.36% against the JPY and closed at 89.82. The Japanese Yen fell on speculation of aggressive policy easing by the Bank of Japan (BoJ) next week. Investors speculated that … Continue reading →

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AUD/USD: Aussie trading lower despite upbeat Chinese economic data

Posted on January 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.18% against the USD to close at 1.0545, amid unimpressive Australian employment data. LME Copper prices rose 0.6% or $12.5/MT to $2003.3/MT. Aluminium prices rose 0.2% or $17.3/MT to $7927.5/MT. … Continue reading →

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USD/CAD: Canadian Dollar advanced on improved risk appetite, trading lower this morning

Posted on January 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9860, after positive US housing and jobs data prompted investors to look for more risk. In the Asian session, at GMT0400, the … Continue reading →

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USD/CHF: Swiss producer and import price index rose in December

Posted on January 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9333. On the Swiss economic front, the producer and import price index rose 0.1% (MoM) in December, in line with market expectations … Continue reading →

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EUR/USD: Euro dips on global growth concerns

Posted on January 17, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3291, after the World Bank trimmed its 2013 Euro-zone growth forecast, prompting investors to sell the Euro and shore-up dollar positions. Additionally, the … Continue reading →

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GBP/USD: Pound struggles to hold ground against the greenback

Posted on January 17, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.6001, as global growth concerns coupled with ongoing uncertainty over the UK’s role in the European Union continued to weigh on demand for … Continue reading →

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USD/JPY: Japanese tertiary industry activity index drops in November

Posted on January 17, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.69% against the JPY and closed at 88.84. In Japan, the seasonally adjusted consumer confidence index in Japan fell to a reading of 39.2 in December, from 39.4 in … Continue reading →

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USD/CHF: Swiss real retail sales rose in November

Posted on January 17, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9309. On the economic front, Switzerland’s real retail sales advanced 2.9% in November, compared to the 2.7% rise recorded in October. However, … Continue reading →

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