GBP/USD: BoE left interest rates at 0.5%, Pound trading higher this morning

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.6048, as investors were disappointed by downbeat comments from European Central Bank President, Mario Draghi and after the Bank of England left its … Continue reading →

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USD/JPY: Japanese foreign reserves declines in November

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 82.45. In the Asian session, at GMT0400, the pair is trading at 82.48, with the USD trading marginally higher from yesterday’s close. … Continue reading →

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USD/CHF: Swiss Franc weighed down by disappointing economic data, trading higher this morning

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.70% against the CHF and closed at 0.9328. In Switzerland, the State Secretariat for Economic Affairs (SECO) reported that the jobless rate, on a seasonally adjusted basis, remained steady … Continue reading →

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AUD/USD: Australian trade deficit widened in November

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0473, buoyed by strong Australian employment data. Yesterday, the Australian Industry Group’s performance of construction index in Australia advanced to a reading of … Continue reading →

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GBP/USD: UK Chancellor revised down economic growth prospects

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6093, as the UK Chancellor, George Osborne revised down his prospects for economic growth. In his autumn statement to the House of Commons, … Continue reading →

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EUR/USD: Euro pressured as S&P downgrades Greece’s credit rating

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.22% against the USD and closed at 1.3071, as weak Euro-zone economic data and a lack luster Spanish bond auction weighed on the common currency. On the economic front, retail … Continue reading →

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USD/CHF: Pair showing convergence this morning

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9263. Meanwhile, the KOF Institute reported that, the economists forecasted 1.2% growth for the Swiss economy next year, down from 1.3% growth … Continue reading →

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USD/CAD: Canadian Dollar rose on hopes for more Chinese stimulus

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 0.9919. The Canadian Dollar closed higher yesterday, as commodity prices rose on optimism that there is more willingness on the part of … Continue reading →

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AUD/USD: Aussie spikes as Australian jobs data beats forecasts

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0453, as Australian GDP rose in the Q3 FY2012. LME Copper prices rose 0.4% or $30.8/MT to $8021.5/MT. Aluminium prices declined 0.3% or … Continue reading →

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USD/JPY: US Dollar trading higher this morning

Posted on December 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.71% against the JPY and closed at 82.42. In the Asian session, at GMT0400, the pair is trading at 82.46, with the USD trading marginally higher from yesterday’s close. The … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on December 5, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.9265. In the Asian session, at GMT0400, the pair is trading at 0.9261, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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