EUR/USD: Euro continues to trade higher this morning

Posted on December 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.66% against the USD and closed at 1.3163, as investor risk appetite increased following positive Euro-zone and US economic data. Euro-zone’s manufacturing purchasing managers’ index (PMI) climbed to a … Continue reading →

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AUD/USD: Aussie gaining strength after China manufacturing expands

Posted on December 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD to close at 1.0531. LME Copper prices declined 1.2% or $101.3/MT to $8000.3/MT. Aluminium prices declined 0.6% or $13.3/MT to $2121.3/MT. In the Asian session, at GMT0400, … Continue reading →

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USD/CAD: Canadian Dollar holds on to yesterday’s gains

Posted on December 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CAD to close at 0.9843. In economic news, new Housing Price Index (HPI) in Canada rose 0.2% (MoM) in October, slightly better than market-expectations of a 0.1% … Continue reading →

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USD/CHF: SNB retains EUR/CHF floor rate, rates on hold

Posted on December 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9238. The Swiss National Bank (SNB) left its target range for the three-month Libor rate unchanged at 0.0%-0.25% and maintained its minimum exchange … Continue reading →

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USD/JPY: Yen down as weak economic data spurs easing prospects

Posted on December 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.54% against the JPY and closed at 83.68. The Yen declined amid speculation that Shinzo Abe’s Liberal Democratic Party would win Japanese elections this weekend and push the central bank … Continue reading →

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GBP/USD: Sterling declined as S&P cuts UK outlook; trading flat this morning

Posted on December 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.6114. Hours after Chancellor of the Exchequer, George Osborne stated that keeping the government’s borrowing costs low is more important than retaining its top … Continue reading →

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EUR/USD: Euro continues its upward journey in the Asian session

Posted on December 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.09% against the USD and closed at 1.3077, after the Euro-zone finance ministers at a meeting in Brussels approved the long-delayed release of €49.1 billion in financial aid to Greece. Additionally, … Continue reading →

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AUD/USD: Increased risk appetite supports Aussie

Posted on December 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.09% against the USD to close at 1.0545, on higher risk appetite amongst investors, after the Federal Reserve left benchmark US interest rates unchanged and stated that it would extend its … Continue reading →

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USD/CAD: Greenback tumbles as Fed announces bond-buying program

Posted on December 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 0.9848, after the Federal Reserve tied its policies to economic benchmarks and stated that it would buy an additional $45 billion of Treasuries … Continue reading →

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USD/JPY: Yen continues to decline on BoJ expectations

Posted on December 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.84% against the JPY and closed at 83.22. In the Asian session, at GMT0400, the pair is trading at 83.56, with the USD trading 0.41% higher from yesterday’s close. The … Continue reading →

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GBP/USD: Sterling advanced on upbeat UK jobless data

Posted on December 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.11% against the USD and closed at 1.6135, after an unexpected decline in the UK jobless claims for November. The number of jobless claims in the UK fell by 3,000 to … Continue reading →

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