EUR/USD: EU FinMin agree on ECB supervising bloc’s banks

Posted on December 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.42% against the USD and closed at 1.3066. The US Dollar weakened on news of more monetary easing from the Federal Reserve. Moreover, the US House of Representatives Speaker, John Boehner … Continue reading →

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Swissy trading flat ahead of SNB rate decision

Posted on December 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CHF and closed at 0.9267, as the dollar weakened in the wake of the Fed’s decision to launch the bond-buying program to keep the recovery going in … Continue reading →

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AUD/USD: Australia’s consumer confidence deteriorates in December

Posted on December 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.48% against the USD to close at 1.0536. LME Copper prices declined 0.5% or $42.3/MT to $8069.0/MT. Aluminium prices rose 1.4% or $29.3/MT to $2130.5/MT. In the Asian session, at GMT0400, … Continue reading →

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USD/CAD: Pair trading just below its MA’s

Posted on December 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9861, amid speculation that the Federal Reserve in its two day policy meeting concluding today would provide additional monetary stimulus. Meanwhile, on the … Continue reading →

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USD/CHF: Swiss Franc loses steam in the Asian session

Posted on December 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 0.9316, amid hopes of additional monetary stimulus by the Federal Reserve and after economic data showed a widening US trade deficit. Trade deficit … Continue reading →

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USD/JPY: Yen trading flat after yesterday’s fall

Posted on December 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.20% against the JPY and closed at 82.53. On a seasonally adjusted monthly basis, wholesale inventories in the US increased 0.6% in October, compared to a 1.1% rise recorded in … Continue reading →

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GBP/USD: Sterling steady ahead of the UK unemployment report

Posted on December 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.6118, as risk appetite increased after German investor sentiment improved sharply in December and on cautious optimism that the US would avoid a fiscal … Continue reading →

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EUR/USD: Euro losing ground this morning against the US Dollar

Posted on December 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.58% against the USD and closed at 1.3012, after the release of upbeat Euro-zone and German economic sentiment data. Moreover, speculation that the Federal Reserve could signal more aggressive quantitative easing … Continue reading →

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AUD/USD: Aussie down as business confidence weakens in Australia

Posted on December 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded slightly higher against the USD to close at 1.0486. LME Copper prices rose 1.8% or $146.0/MT to $8111.3/MT. Aluminium prices rose 1.1% or $23.5/MT to $2101.3/MT. In the Asian session, at … Continue reading →

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USD/CAD: Loonie trading steady ahead of International merchandise trade data in Canada

Posted on December 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CAD to close at 0.9866. The Loonie appreciated as better-than-forecast factory data from China signaled stronger demand for Canada’s raw materials. Meanwhile, on the data front, … Continue reading →

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USD/CHF: USD trading lower this morning ahead of Fed meeting

Posted on December 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 0.9337, after the White House and House of Representatives Speaker, John Boehner’s office held more negotiations on Monday on ways to break the … Continue reading →

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