USD/CHF: Swiss M3 money supply growth slowed in October

Posted on November 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CHF and closed at 0.9365. Yesterday, the Swiss National Bank Governing Board member, Fritz Zurbruegg, stated that the Franc ceiling is an extreme measure that carries “considerable” … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on November 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 1.02% against the JPY and closed at 82.58. The Yen came under pressure after the main opposition Liberal Democratic Party, tipped to win in a parliamentary election next month and … Continue reading →

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GBP/USD: Policymakers split 8-1 on QE, indicates BoE minutes, trading lower this morning

Posted on November 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5968, as investors gauged that the Bank of England’s minutes were not as dovish as some had feared. In its minutes for the meeting … Continue reading →

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EUR/USD: Euro trading lower despite upbeat Chinese PMI

Posted on November 22, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.40% against the USD and closed at 1.2864. Investors initially sold the Euro after international lenders failed to reach a deal to release emergency aid for Greece, but quickly reversed … Continue reading →

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USD/JPY: Japan recorded its worst October trade figures in more than 30 years, trading lower in the Asian session

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 81.74. In economic news, Japan’s department store sales fell 2.4% (YoY) in October, while its all industry activity eased 0.3% (MoM) in September, … Continue reading →

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USD/CHF: Swiss trade surplus widened in October, pair trading higher this morning

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9403. Switzerland’s trade surplus widened to CHF2.8 billion in October, from a revised CHF1.9 billion surplus in September. Meanwhile, on a monthly basis, … Continue reading →

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USD/CAD: Canadian Dollar trading lower this morning

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9967. In Canada, wholesale sales declined 1.4% (MoM) in September, compared to a downwardly revised 0.3% increase recorded in the previous month. In … Continue reading →

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AUD/USD: Australian Dollar weakened after Glenn Stevens’ signal of further rate cuts

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.12% against the USD to close at 1.0388, after the Reserve Bank of Australia Governor, Glenn Stevens, late yesterday hinted that there may be an interest rate cut in coming months. … Continue reading →

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GBP/USD: Pound gained amid optimism over Greece aid, trading lower this morning

Posted on November 21, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD and closed at 1.5923, as investors hoped that the Euro-zone finance ministers would unlock Greece’s next tranche of bailout funds offsetting a downgrade on France by … Continue reading →

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EUR/USD: Euro-zone ministers make progress on Greek debt deal, indicates the Euro-group President

Posted on November 21, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.2812. Yesterday, the Euro-group President, Jean-Claude Juncker, stated that Euro-zone finance ministers have made progress on a package of measures to reduce Greek … Continue reading →

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AUD/USD: RBA considered more easing may be appropriate, indicates Minutes

Posted on November 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.39% against the USD to close at 1.0401. LME Copper prices rose 1.3% or $97.5/MT to $7670.3/MT. Aluminium prices rose 0.3% or $6.5/MT to $1927.8/MT. In the Asian session, at … Continue reading →

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