USD/CAD: Loonie trading flat ahead of Canadian unemployment report

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 0.9884, after the minutes from the US Federal Reserve’s latest policy meeting revealed that it may end monetary stimulus as early as … Continue reading →

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GBP/USD: Sterling rose after UK manufacturing PMI hits 15-month high in December, trading lower this morning

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6251, after reports indicated that the manufacturing purchasing managers’ index (PMI) in the UK rose to a 15-month high of 51.4 in December, … Continue reading →

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EUR/USD: Euro down on dismal European economic data

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.3184, as economic data released yesterday from Europe continued to paint a dire picture for the region. The final purchasing managers index (PMI) … Continue reading →

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USD/JPY: Greenback gives up some gains against the Yen in the Asian session

Posted on January 3, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.77% against the JPY and closed at 87.28, after the US lawmakers passed a bill on Tuesday to avoid the “fiscal cliff”. Additionally, the Yen came under pressure amid expectations … Continue reading →

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AUD/USD: Aussie trading flat after yesterday’s surge

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.97% against the USD to close at 1.0492, after US policymakers forged a deal to avoid huge tax increases and spending cuts, fueling demand for riskier investments. LME Copper prices … Continue reading →

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USD/CAD: Loonie trading between its MA’s

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.84% against the CAD to close at 0.9858. The Canadian Dollar advanced as risk appetite improved after the US lawmakers passed a deficit-reduction plan to avoid automatic austerity that … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Swiss PMI data

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.9180, after the final manufacturing PMI reading in the US, as reported by Markit, rose to a reading of 54.0 in December, … Continue reading →

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AUD/USD: Higher risk appetite supports the Aussie

Posted on January 2, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT on Monday, AUD strengthened marginally against the USD to close at 1.0394. LME Copper prices rose 0.6% or $47.3/MT to $7914.75/MT. Aluminium prices rose 0.5% or $9.3/MT to $2039.75/MT. In the Asian … Continue reading →

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GBP/USD: Pound gaining strength ahead of the UK manufacturing PMI data

Posted on January 2, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.6247 on Monday. On Tuesday, the US Senate passed a bill that aims to avoid the cliff’s automatic implementation of $600 billion in spending … Continue reading →

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USD/CAD: Optimism sends high yielding currencies north this morningc

Posted on January 2, 2013 by GCI Financial

USDCAD Movement   On Monday, for the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD to close at 0.9922. The Canadian Dollar advanced as the US President, Barack Obama stated that congressional leaders were “close” to … Continue reading →

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EUR/USD: Euro fell as Angela Merkel warns crisis is ‘far from over’, trading higher this morning

Posted on January 2, 2013 by GCI Financial

On Monday, for the 24 hours to 23:00 GMT, EUR declined 0.25% against the USD and closed at 1.3194, after German Chancellor Angela Merkel cautioned that the economic environment would be more difficult in 2013 than this year, and that … Continue reading →

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