USD/CAD: Canadian Dollar trading lower

Posted on December 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 0.9889. In Canada, wholesale sales rose 0.9% in October to C$49.2 billion ($49.9 billion) after a revised 1.5% drop in September. In the … Continue reading →

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USD/CHF: Swiss Franc trading tad lower this morning, awaits trade balance data

Posted on December 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9137. On the US economic front, the Mortgage Bankers Association (MBA), reported that on a seasonally adjusted basis, mortgage application volume, for … Continue reading →

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USD/JPY: BoJ expands stimulus again

Posted on December 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.15% against the JPY and closed at 84.24. The Yen continued to remain under pressure amid expectations that the Bank of Japan (BoJ) would unveil more monetary stimulus when … Continue reading →

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GBP/USD: BoE offers gloomy outlook for 2013

Posted on December 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP ended marginally higher against the USD and closed at 1.6251, after minutes of the Bank of England (BoE) indicated that the UK policymakers unanimously decided to hold the key interest rate … Continue reading →

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EUR/USD: Euro trading higher this morning

Posted on December 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.3213. Earlier the Euro had advanced following better-than-expected German business confidence data. In Germany, the business climate index rose to a reading of … Continue reading →

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USD/JPY: Trade deficit widened in Japan; BoJ meeting in focus

Posted on December 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.52% against the JPY and closed at 84.36. The Yen declined against the USD, weighed down by expectations the Bank of Japan (BoJ) would unveil more monetary stimulus after a … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning

Posted on December 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.49% against the CHF and closed at 0.9132. In Switzerland, the KOF institute forecasts the Swiss economy to grow 1.2% in 2013, as compared to the earlier estimate in … Continue reading →

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GBP/USD: Pound higher in the Asian session; Awaits BoE minutes

Posted on December 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.6250. On the UK economic front, the DCLG house price index rose 1.5% (YoY) in October, slower than the 1.7% gain recorded in September. … Continue reading →

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EUR/USD: Euro gains as investor risk appetite improves

Posted on December 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.3229, as signs of headway in negotiations on the US fiscal cliff buoyed investor sentiment and amid encouraging US economic data. Meanwhile, S&P’s decision … Continue reading →

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AUD/USD: Westpac leading index tad higher in October

Posted on December 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0518, after the nation’s Reserve Bank cited a softer labor market for cutting interest rates at this month’s meeting. LME Copper prices rose 0.1% … Continue reading →

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USD/CAD: Loonie continues its southward journey

Posted on December 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 0.9862. In the Asian session, at GMT0400, the pair is trading at 0.9866, with the USD trading marginally higher from yesterday’s close. The … Continue reading →

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