AUD/USD: Aussie trading higher after a flat close yesterday

Posted on October 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0354. In the US, the Federal Reserve Chairman, Ben Bernanke, stated that he is confident the US economy would continue to expand but added … Continue reading →

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USD/CAD: Loonie continues its northward trend in the Asian session

Posted on October 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CAD to close at 0.9820. In Canada, raw materials prices rose 3.4% (MoM) in August, following a 0.8% rise in July. Additionally the industrial product price index … Continue reading →

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USD/CHF: Swiss retail sales rose 5.9% in August

Posted on October 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CHF and closed at 0.9384. The Swiss Franc received support after Swiss retail sales rose 5.9% (YoY) in August, following a revised 2.9% rise in July. Meanwhile, … Continue reading →

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USD/JPY: Dollar continues its modest gains against Yen this morning

Posted on October 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.13% against the JPY and closed at 78.07, after the Institute for Supply Management’s (ISM) factory index in the US rose to 51.5 in September, from 49.6 in August. In … Continue reading →

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GBP/USD: Trading steady this morning

Posted on October 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.04% against the USD and closed at 1.6128. However, gains were capped after data showed that the manufacturing purchasing managers index (PMI) in the UK declined to 48.4 in September, from … Continue reading →

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EUR/USD: Euro extends gains in the Asian session

Posted on October 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.60% against the USD and closed at 1.2885, after Euro-zone manufacturing data came in better-than-expected. In the Euro-zone, manufacturing purchasing managers’ index (PMI) rose to a six-month high of 46.1 in … Continue reading →

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AUD/USD: Aussie continues its southward journey this morning

Posted on October 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the AUD weakened 0.61% against the USD to close at 1.0374. LME Copper prices rose 1.1% or $93.0/MT to $8267.0/MT. Aluminium prices rose 1.3% or $26.0/MT to $2093.8/MT. Over the weekend, … Continue reading →

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USD/CAD: Higher than expected Canadian GDP growth limits losses in CAD

Posted on October 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD rose 0.23% against the CAD to close at 0.9830. In Canada, the Gross Domestic Product (GDP) rose higher-than-forecast by 0.2% (MoM) in July, compared to a downwardly revised 0.1% … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Swiss retail sales and PMI data

Posted on October 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD rose 0.33% against the CHF and closed at 0.9404. In Switzerland, the KOF leading indicator rose to 1.67 points in September, compared to a revised reading of 1.59 in … Continue reading →

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USD/JPY: Yen gaining strength this morning

Posted on October 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD strengthened 0.49% against the JPY and closed at 78.00. In Japan, housing starts fell 5.5% (YoY) in August, against the market expectation for a 7.5% fall. In the Asian … Continue reading →

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GBP/USD: Fitch affirmed the UK’s AAA rating; Sterling drifting lower this morning

Posted on October 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.51% against the USD and closed at 1.6148. In the UK, the index of services on a seasonally adjusted basis rose 1.1% (MoM) in July, compared to the forecast … Continue reading →

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