GBP/USD: Pound trading higher this morning ahead of services PMI in the UK

Posted on November 5, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.68% against the USD and closed at 1.6024, as the US Dollar rose after better-than-expected US October jobs report reduced the possibility of further quantitative easing by the … Continue reading →

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USD/CHF: Greenback trading higher against the Swiss Franc in the Asian session

Posted on November 5, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD rose 0.94% against the CHF and closed at 0.9404. In the Asian session, at GMT0400, the pair is trading at 0.9409, with the USD trading marginally higher from … Continue reading →

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USD/CAD: Canada added fewer jobs in October

Posted on November 5, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, the USD declined marginally against the CAD to close at 0.9958. On the economic front, Canada added 1,800 jobs in October, lower than the expectation for an increase of 5,000 … Continue reading →

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EUR/USD: Euro declined following weak Italian and Spanish PMI data

Posted on November 5, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT on Friday, EUR declined 1.00% against the USD and closed at 1.2817, amid disappointing manufacturing data from Spain and Italy. Moreover, the greenback rose after an increase in the US non-farm payroll … Continue reading →

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USD/JPY: Greenback trading higher this morning

Posted on November 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD strengthened 0.26% against the JPY and closed at 80.43, as a string of positive US economic data boosted demand for the greenback. In the Asian session, at GMT0400, the … Continue reading →

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AUD/USD: Australian producer prices rise less than forecast

Posted on November 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0413, amid rise in risk appetite after release of a string of better-than-forecast US data. LME Copper prices declined 0.1% or $8.3/MT to … Continue reading →

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USD/CAD: Trading flat this morning

Posted on November 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CAD to close at 0.9964. The Canadian Dollar strengthened as an unexpected rise in a gauge of manufacturing in the US, Canada’s biggest trading partner, boosted … Continue reading →

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USD/CHF: Cementing gains this morning

Posted on November 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9316. In Switzerland, the manufacturing purchasing managers’ index (PMI) rose to a reading of 46.1 in October, against the forecast for a … Continue reading →

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USD/JPY: Central bank would maintain powerful monetary easing, indicates BoJ Minutes

Posted on November 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.45% against the JPY and closed at 80.22. The Japan Automobile Dealers Association reported that automobile sales declined 9.0% (YoY) in October, following an 8.1% drop recorded in the … Continue reading →

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GBP/USD: Pair trading lower this morning ahead of the UK construction PMI data

Posted on November 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6133. On the economic front, UK’s manufacturing PMI declined to a reading of 47.5 in October, compared to a revised reading of 48.1 … Continue reading →

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EUR/USD: Euro pressured amid persistent Spain and Greece concerns

Posted on November 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.2947, as concerns over Spain and Greece weighed on the Euro. Meanwhile, the Federal Reserve Bank of Boston President, Eric Rosengren stated that … Continue reading →

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