GBP/USD: Bank of England divided on QE, pair trading lower this morning

Posted on October 12, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6044. According to the Office for National Statistics the British economy got a mild boost from the money spent by overseas visitors to … Continue reading →

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EUR/USD: Euro reclaims ground as IMF signals more time for Greece and Spain, trading lower this morning

Posted on October 12, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.2932, amid speculation that a ratings downgrade on Spain by Standard & Poor’s would compel Madrid to formally request a bailout, which investors … Continue reading →

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AUD/USD: Aussie trading higher amid a rise in Australian jobs in September

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.33% against the USD to close at 1.0221. LME Copper prices declined 0.7% or $58.8/MT to $8124.3/MT. Aluminium prices declined 2.4% or $49.0/MT to $1991.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Greenback remained buoyant amid global growth concerns

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 0.9821, as global growth concerns continued to weigh on market sentiment, while investors eyed fresh developments in the Euro-zone. In the Asian session, … Continue reading →

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USD/CHF: Pair drifting lower in the Asian session

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9401. The Swiss National Bank (SNB) Chairman, Thomas Jordan, yesterday stated that the central bank would hold the cap on the Francs-Euro exchange … Continue reading →

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USD/JPY: Pair trading lower this morning

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 78.08. Yesterday, Japan’s preliminary machine tool orders dropped 3.0% (YoY) in September, following a 2.7% drop in the previous month. Separately, in the … Continue reading →

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GBP/USD: Pair trading higher in the Asian session

Posted on October 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.6006. In the US, the Federal Reserve’s Beige Book revealed that the housing market has shown “widespread improvement”, but economic activity has improved … Continue reading →

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EUR/USD: Euro fell on S&P’s Spanish downgrade, trading higher in the Asian session

Posted on October 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR ended flat against the USD and closed at 1.2859. The Euro came under pressure after Standard & Poor’s lowered Spain’s long-term credit rating to ‘BBB-’ from ‘BBB+’ and cut its short-term … Continue reading →

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USD/CAD: Greenback slips versus the Canadian Dollar despite global growth concerns

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CAD to close at 0.9795. In the Asian session, at GMT0300, the pair is trading at 0.9788, with the USD trading 0.08% lower from yesterday’s close. The … Continue reading →

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AUD/USD: Trading higher this morning

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0186. LME Copper prices rose 0.6% or $50.3/MT to $8183.0/MT. Aluminium prices declined 0.3% or $ 5.8/MT to $ 2040.5/MT. In the Asian session, … Continue reading →

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USD/CHF: Pair trading lower this morning ahead of SNB Chairman Thomas Jordan’s speech

Posted on October 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.00% against the CHF and closed at 0.9422. The Swiss Franc came under pressure after Bloomberg reported that a US custodian bank was planning to impose negative interest rates … Continue reading →

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