USD/CAD: Loonie marginally higher ahead of Canadian PMI data

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 0.9867. Yesterday, the Canadian Finance Minister, Jim Flaherty, stated that he is optimistic that the US would avoid the so-called “fiscal cliff”, indicating … Continue reading →

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USD/CHF: CHF trading steady ahead of the Swiss industrial production data

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9379, after ADP Employment Report indicated that 162,000 private sector jobs in the US were added in September, surpassing expectations for an increase … Continue reading →

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USD/JPY: Dollar extends its gain against Yen in the Asian session

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.31% against the JPY and closed at 78.46, after the Institute of Supply Management (ISM) reported that its services Purchasing Managers Index (PMI) rose to 55.1 in September from a … Continue reading →

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GBP/USD: Pair trading flat ahead of the BoE policy meeting

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6097. In the UK, services Purchasing Managers’ Index (PMI) on a seasonally adjusted basis slipped to 52.2 in September, from 53.7 in August. In … Continue reading →

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EUR/USD: Euro steady ahead of ECB interest rate decision

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.05% against the USD and closed at 1.2918, amid speculation that Spain is moving closer to request sovereign bail out. In Spain, the Catalonia’s President, Artur Mas, stated a sovereign bailout … Continue reading →

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AUD/USD: AUD fell on rate cut; Lower today after Australian trade deficit widens

Posted on October 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.01% against the USD to close at 1.0256, after the Reserve Bank of Australia (RBA) cut interest rates a three-year low of 3.25% and left the door open for more easing. … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on October 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 0.9841, as sentiment were dented after Spain’s Prime Minister stated that a request for a debt bailout for his country is not imminent … Continue reading →

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USD/CHF: CHF pares yesterday’s gain against USD this morning

Posted on October 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9371. In the Asian session, at GMT0300, the pair is trading at 0.9377, with the USD trading 0.07% higher from yesterday’s close. The … Continue reading →

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USD/JPY: Yen trading marginally higher this morning

Posted on October 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.24% against the JPY and closed at 78.23. In the US, the Institute for Supply Management (ISM) reported that the New York’s current business conditions index rose to 52.9 in … Continue reading →

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GBP/USD: Pound fell as UK construction activity contracted in September

Posted on October 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6127, after data showed that the construction activity in the UK remained in the contraction territory. In the UK, construction purchasing managers’ index (PMI) … Continue reading →

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EUR/USD: Trading lower ahead of Euro-zone services PMI and retails sales data

Posted on October 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.2907. Initially, the Euro advanced after Reuters reported that the Spanish government is ready to ask for an official bailout as soon as this … Continue reading →

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