AUD/USD: Aussie continues its downfall in the Asian session

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.32% against the USD to close at 1.0441, after the Reserve Bank of Australia (RBA) hinted that it could cut rates if there was a “significant deterioration” in its outlook for … Continue reading →

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USD/CAD: US current account deficit narrowed in April-June quarter

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9750. In the US, the current account trade deficit narrowed to $117.4 billion in the April-June quarter down from a deficit of $133.6 … Continue reading →

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USD/CHF: Swiss Franc down as SECO trims Swiss growth forecast, trading higher this morning

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.9285. Yesterday, the State Secretariat for Economic Affairs (SECO) forecasted that the Swiss economy would expand 1.0% in 2012, down from the prior … Continue reading →

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GBP/USD: Pound trading flat from Yesterday’s close; BoE minutes awaited

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6242. Data released in the UK indicated that the consumer prices rose at an annual pace of 2.5% in August, slowing from 2.6% in … Continue reading →

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EUR/USD: Euro down on Spanish concerns, trading higher this morning

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.3043, as risk appetite continued to wane following comments from the Spain’s Deputy Prime Minister, Soraya Sáenz de Santamaria, that the country was still … Continue reading →

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AUD/USD: RBA keeps room for rate cut if Australian economy deteriorates

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.60% against the USD to close at 1.0475. LME Copper prices declined 1.3% or $107.5/MT to $8292.8/MT. Aluminium prices declined 0.7% or $15.0/MT to $2161.8/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie fell on weak Canadian home sales data, cementing gains this morning

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 0.9747. The Loonie came under pressure after the Canadian Real Estate Association (CREA) reported that home sales in Canada fell 5.8% (MoM) in … Continue reading →

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USD/CHF: Pair trading lower in the Asian session; SECO economic forecasts awaited in Switzerland

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9273. In the Asian session, at GMT0300, the pair is trading at 0.9268, with the USD trading 0.05% lower from yesterday’s close. The … Continue reading →

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USD/JPY: Yen fell on BoJ stimulus speculation, trading higher this morning

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.44% against the JPY and closed at 78.68. The Yen came under pressure amid speculation that the Bank of Japan (BoJ) would expand monetary easing at its meeting tomorrow. Additionally, … Continue reading →

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GBP/USD: Sterling marginally higher ahead of UK CPI and retail sales data

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.6241. The greenback came under pressure after the New York Empire State’s business conditions index fell to -10.41 in September, compared to -5.85 in … Continue reading →

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EUR/USD: Euro extended its losses in the Asian session

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3108. Yesterday, the French Finance Minister, Pierre Moscovici, stated that the Spain must decide for itself whether to seek an international bailout, citing this … Continue reading →

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