USD/JPY: BoJ ready for flexible monetary policy action if necessary: BoJ’s Hirohide Yamaguchi

Posted on September 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.33% against the JPY and closed at 77.87. Yesterday the Bank of Japan (BoJ) Deputy Governor, Hirohide Yamaguchi, stated that the central bank is ready to take bold and … Continue reading →

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GBP/USD: Sterling down amid risk aversion, trading flat from yesterday’s close

Posted on September 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6230, as risk aversion increased among investors amid renewed concerns over the ongoing debt crisis in the Euro-zone. In the Asian session, at … Continue reading →

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EUR/USD: Euro fell on weak German sentiment data and amid uncertainty over plans for a Spanish bailout

Posted on September 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.2943, on a weaker-than-expected German sentiment survey and uncertainty over whether and when Spain would seek a bailout. In Germany, the business climate … Continue reading →

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AUD/USD: Aussie losing ground this morning amid European stalemate

Posted on September 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the AUD strengthened 0.06% against the USD to close at 1.0443. LME Copper prices rose 1.0% or $80.8/MT to $8281.8/MT. Aluminium prices declined 0.1% or $2.3/MT to $ 2093.3/MT. In the … Continue reading →

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USD/CAD: Canadian Dollar trading lower today morning on European policy snag

Posted on September 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD rose 0.05% against the CAD to close at 0.9769. On the economic front, Canadian wholesale sales unexpectedly fell 0.6% (MoM) in July, against the market expectation for 0.2% fall. … Continue reading →

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USD/CHF: Dollar continues its gain against Swiss Franc in the Asian session

Posted on September 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD rose marginally against the CHF and closed at 0.9329. In Switzerland, the M3 money supply rose 8.5% (YoY) in September, compared to a 9.5% rise in August. In the … Continue reading →

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USD/JPY: Japan’s economic activity has started to pick up: BoJ minutes

Posted on September 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, the USD weakened 0.19% against the JPY and closed at 78.13. In the Asian session, at GMT0300, the pair is trading at 78.10, with the USD trading marginally lower from Friday’s … Continue reading →

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GBP/USD: Marching southwards in the Asian session

Posted on September 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.19% against the USD and closed at 1.6249. In economic news, on a seasonally adjusted basis, public sector net borrowing (PSNB) in the UK rose less-than-expected to £12.4 billion … Continue reading →

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EUR/USD: Euro trading lower amid Merkel/Hollande disagreement over banking union

Posted on September 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.05% against the USD and closed at 1.2982. On Friday, the German Finance Minister, Wolfgang Schaeublem, stated that the Spain does not need a European bailout citing the nation … Continue reading →

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USD/CHF: Swiss trade surplus narrowed in August, Swissy trading flat this morning

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.58% against the CHF and closed at 0.9327. The Swiss Franc came under pressure after trade surplus in Switzerland narrowed to CHF1.7 billion in August, from revised CHF2.9 billion surplus … Continue reading →

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AUD/USD: Australian Dollar tumbled in risk-off trade, gaining momentum today morning

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0437, as risk sentiment came under pressure following weak Chinese manufacturing data and amid sustained Euro-zone debt concerns. LME Copper prices declined 1.5% or … Continue reading →

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