USD/JPY: Greenback trading higher this morning

Posted on November 9, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.62% against the JPY and closed at 79.49. Yesterday, The International Monetary Fund urged the US policy-makers to quickly reach an agreement on a permanent fix to avoid automatic … Continue reading →

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GBP/USD: BoE left interest rates unchanged; Pound trading higher in the Asian session

Posted on November 9, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP remained flat against the USD and closed at 1.5976. Yesterday, the Bank of England (BoE) left the interest rates unchanged at 0.50%, and maintained its quantitative easing at £375 billion, following … Continue reading →

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EUR/USD: Euro fell on Draghi’s pessimistic comments, trading higher this morning

Posted on November 9, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.2742, after the European Central Bank President, Mario Draghi stated that economic activity in the Euro-zone is expected to remain weak. Moreover, the … Continue reading →

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USD/CHF: Swiss CPI declined in October

Posted on November 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CHF and closed at 0.9457. On the economic front, Switzerland’s consumer price index declined 0.2% (YoY) in October, compared to a 0.4% drop recorded in September. Additionally, … Continue reading →

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AUD/USD: Australian unemployment rate remains steady in October

Posted on November 8, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.23% against the USD to close at 1.0404. LME Copper prices declined 0.1% or $6.5/MT to $7654.3/MT. Aluminium prices rose 0.7% or $13.8/MT to $1900.5/MT. In the Asian session, at … Continue reading →

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USD/CAD: Pair trading higher today morning

Posted on November 8, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 0.9966. The Loonie weakened as crude oil, Canada’s biggest export, fell more than 4.0% yesterday. In the Asian session, at GMT0400, the … Continue reading →

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USD/JPY: Japan’s trade deficit narrowed in September

Posted on November 8, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.38% against the JPY and closed at 79.98. Yesterday, the Fitch Ratings warned that the US triple-A credit rating might be downgraded next year if the White House and … Continue reading →

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GBP/USD: Pair trading higher today morning ahead of BoE interest rate decision

Posted on November 8, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5976, as market participants looked past President Barack Obama’s re-election and began to brace for tax hikes and government spending cuts in the … Continue reading →

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EUR/USD: Euro weighed down by weak German data

Posted on November 8, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.38% against the USD and closed at 1.2757, after the European Commission downgraded its 2013 growth forecast for the 17-nation economy to just 0.1% from the 1.0% projected earlier this … Continue reading →

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EUR/USD: Barack Obama wins second term as US President; Euro continues its upward trend in the Asian session

Posted on November 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2806. Yesterday, the Spanish Prime Minister, Mariano Rajoy ruled out seeking a bailout in 2012 but vowed to do so if faced by … Continue reading →

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GBP/USD: BRC shop price index rises in October

Posted on November 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5990. On the economic front, industrial production in the UK fell 1.7% (MoM) in September, compared to a 0.5% drop in August. Additionally, … Continue reading →

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