EUR/USD: Euro buoyed by positive economic data in the Euro-zone and the US, trading lower this morning

Posted on January 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, EUR rose 0.34% against the USD and closed at 1.3069, boosted by upbeat Euro-zone and US economic data. On the economic front, Euro-zone’s services purchasing managers’ index (PMI) climbed to … Continue reading →

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AUD/USD: Australian Dollar boosted by stronger US economic data, trading lower in the Asian session

Posted on January 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the AUD strengthened 0.30% against the USD to close at 1.0481, after non-farm payroll employment in the US rose in line with market estimates in the month of December. Additionally, … Continue reading →

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GBP/USD: UK’s Lloyds employment confidence index rises in December

Posted on January 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, GBP fell marginally against the USD and closed at 1.6069, weighed down by disappointing UK economic data. On the economic front, UK’s mortgage approvals for house purchases rose to a … Continue reading →

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USD/JPY: Japanese monetary base rose more-than-forecasted in December

Posted on January 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD strengthened 0.50% against the JPY and closed at 88.16. In the Asian session, at GMT0400, the pair is trading at 88.03, with the USD trading 0.15% lower from … Continue reading →

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USD/CHF: Swiss Franc trading lower against the US dollar

Posted on January 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD declined 0.42% against the CHF and closed at 0.9247. In the Asian session, at GMT0400, the pair is trading at 0.9271, with the USD trading 0.26% higher from … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on January 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD declined 0.13% against the CAD to close at 0.9872, as risk appetite improved among investors following positive US economic data. In the US, the non-farm payroll employment rose … Continue reading →

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GBP/USD: Trading flat, a series of UK economic data awaited today

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 1.07% against the USD and closed at 1.6077, amid release of weak economic data from the UK. In economic news, the Markit/CIPS construction purchasing managers’ index (PMI) fell to 48.7 … Continue reading →

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EUR/USD: Euro cementing gains in the Asians session after yesterday’s fall

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 1.21% against the USD and closed at 1.3025. The USD gained after minutes from the December FOMC meeting indicated that most members saw an end to QE this year. Several … Continue reading →

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USD/JPY: FOMC minutes give the USD a boost

Posted on January 4, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.50% against the JPY and closed at 87.72, after minutes of the Federal Reserve’s last meeting suggested the Fed’s asset purchases may likely end this year. Further, the USD added … Continue reading →

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USD/CHF: USD backpedals against the Swiss Franc in the Asian session

Posted on January 4, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 1.11% against the CHF and closed at 0.9282. Economic data released in Switzerland was a mixed, with the Swiss manufacturing PMI posting an unexpected rise while the KOF leading economic … Continue reading →

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AUD/USD: Aussie down on disappointing service data from Australia & China

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.40% against the USD to close at 1.0449, on broad dollar strength. LME Copper prices rose 0.7% or $15.0/MT to $8140.25/MT. Aluminium prices rose 0.7% or $55.5/MT to $8140.25/MT. In … Continue reading →

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