GBP/USD: UK house price balance unexpectedly deteriorates in November

Posted on December 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP advanced 0.23% against the USD and closed at 1.6072. The head of the Bank of England, Mervyn King warned that too many countries were trying to weaken their currencies to offset the … Continue reading →

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USD/JPY: Pair trading between its MA’s

Posted on December 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.25% against the JPY and closed at 82.36, amid caution that the Federal Reserve may take fresh steps on monetary easing tomorrow. Meanwhile in economic news, consumer confidence index in … Continue reading →

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EUR/USD: Euro gaining strength in the Asian session

Posted on December 11, 2012 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.2937, after European investor confidence rose to its highest level in eight months. Sentix investor confidence came in at -16.8 for December, … Continue reading →

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USD/CHF: Swiss Franc extends losses against the US Dollar in the Asian session

Posted on December 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9346 on Friday. In economic news, Swiss foreign currency reserves rose to CHF424.8 billion November, from CHF424.4 billion registered in October. In the Asian … Continue reading →

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USD/CAD: Loonie rose as Canadian employment unexpectedly jumped in November

Posted on December 10, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD declined 0.31% against the CAD to close at 0.9884. The Canadian Dollar advanced after the Canadian economy added 59,000 jobs in November, while the unemployment rate fell to 7.2%, the … Continue reading →

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AUD/USD: Australian Dollar losing ground as Chinese trade data disappoints

Posted on December 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.14% against the USD to close at 1.0488. LME Copper prices declined 0.7% or $55.0/MT to $7965.3/MT. Aluminium prices declined 1.5% or $31.5/MT to $2077.8/MT. In the Asian session, at GMT0400, … Continue reading →

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GBP/USD: GBP down on disappointing UK economic data

Posted on December 10, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.6038, as a string of disappointing UK economic data provided further evidence of bleak UK economic picture. Data released in the UK … Continue reading →

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EUR/USD: Euro extends its Friday’s losses this morning

Posted on December 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.27% against the USD and closed at 1.2927, as the prospect of a recession in Germany and renewed concerns about Italy weighed on trading sentiment towards the Euro. On … Continue reading →

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USD/JPY: Japan’s GDP shrank more-than-forecast in third quarter

Posted on December 10, 2012 by GCI Financial

On Friday for the 24 hours to 23:00 GMT, USD strengthened 0.05% against the JPY and closed at 82.49, after report showed that the US economy added more jobs than expected in November. The Labor Department stated that the US … Continue reading →

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EUR/USD: Euro declined as ECB lowered Euro-zone economic growth outlook

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.84% against the USD and closed at 1.2962, after the European Central Bank (ECB) slashed the growth outlook for the 17-nation economy for this year and next. At a press … Continue reading →

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USD/CAD: Canadian PMI declined in November

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9915. Yesterday, the Canadian central bank indicated that the low interest policies that global central banks adopted are adding another layer of … Continue reading →

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