USD/JPY: Dollar strengthened amid a surge in US new home sales

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 79.85, following a rise in new home sales in the US. On the economic front, new home sales in the US rose 5.7% … Continue reading →

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GBP/USD: Trading higher ahead of UK’s GDP report

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.51% against the USD and closed at 1.6030, as expectations for more easing by the Bank of England waned following remarks late Tuesday by the central bank’s Governor, Mervyn King. According … Continue reading →

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EUR/USD: Euro recorded losses amid weak Euro-zone and German economic data, trading higher this morning

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.07% against the USD and closed at 1.2965, weighed down by weak economic data in the Euro-zone and Germany. Yesterday, the European Central Bank President, Mario Draghi defended central bank’s plan … Continue reading →

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AUD/USD: Aussie strengthens on upbeat domestic CPI data, growth in China factory sector

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 1.0268, after data indicated that the leading economic index in Australia declined for August. Additionally, traders turned cautious after Moody’s downgraded its credit … Continue reading →

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USD/CAD: BoC warns of rate increase, flags debt concerns, pair trading lower this morning

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9927. Yesterday, the Bank of Canada (BoC) kept its interest rate at 1.0% for the 17th consecutive time. However, it indicated that … Continue reading →

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USD/CHF: Greenback erases gains this morning

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9330. In the US, the Federal Reserve Bank of Richmond reported that its manufacturing index retreated to a reading of -7 in … Continue reading →

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USD/JPY: Trading flat this morning

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 79.82. On the economic front, Japan’s small business confidence survey registered a reading of 43.7 in September, compared to a reading of … Continue reading →

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GBP/USD: BoE ready to add stimulus if positive signs fade, indicates Mervyn King

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5948. Earlier, the Pound traded higher, after reports showed that mortgage approvals in the UK rose more-than-expected to 31,175 in September, hitting a … Continue reading →

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EUR/USD: Investors trade cautiously ahead of Euro-zone’s manufacturing and service sector data

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.74% against the USD and closed at 1.2974, a day after ratings agency Moody’s lowered the credit ratings of Catalonia and four other Spanish regions, citing their worsening liquidity positions … Continue reading →

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AUD/USD: Aussie drifting lower this morning

Posted on October 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 1.0335. The Aussie had declined earlier after the country’s government stated that it would reduce spending to help produce a budget surplus this fiscal … Continue reading →

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USD/CAD: Pair trading higher ahead of the BoC rate decision

Posted on October 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 0.9922. In the Asian session, at GMT0300, the pair is trading at 0.9925, with the USD trading marginally higher from yesterday’s close. The … Continue reading →

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