EUR/USD: EURUSD above the key level of 1.3000 as Federal Reserve launched QE3

Posted on September 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.74% against the USD and closed at 1.2994. Yesterday, the US dollar plunged after the Federal Reserve launched quantitative easing (QE3) with a new round of bond buying, citing that it … Continue reading →

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AUD/USD: Aussie continues its rally this morning

Posted on September 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0462. LME Copper prices rose 0.3% or $20.5/MT to $8100.3/MT. Aluminium prices rose 0.8% or $17.3/MT to $2074.3/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Trading flat from yesterday’s close

Posted on September 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD to close at 0.9760. In the Asian session, at GMT0300, the pair is trading at 0.9758, with the USD trading flat from yesterday’s close. The pair is … Continue reading →

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USD/CHF: Pair lower on quantitative easing speculation by the Federal Reserve

Posted on September 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.9373, amid speculation that the US Federal Reserve might implement a third round of quantitative easing, later today. According to the latest survey by … Continue reading →

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USD/JPY: Greenback trading lower against the Yen in the Asian session

Posted on September 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.13% against the JPY and closed at 77.87. According to the Mortgage Bankers Association’s (MBA), mortgage applications in the US rose 11.1% for the week ended September 7, compared to revised … Continue reading →

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GBP/USD: Pound trading marginally higher this morning

Posted on September 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.6105. In the UK, the number of people claiming jobseeker’s allowance declined by 15,000 in August to 1.57 million. Market had expected the number … Continue reading →

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EUR/USD: Euro up as German court ratifies ESM bailout

Posted on September 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the EUR rose 0.35% against the USD and closed at 1.2899, amid news that Germany’s constitutional court had approved the country’s participation in the European new bailout fund, the European Stability Mechanism (ESM). … Continue reading →

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AUD/USD: Aussie higher after consumer sentiment index rose in Australia

Posted on September 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.89% against the USD to close at 1.0432. The Chinese Premier, Wen Jiabao, stated that the nation’s economy “was showing signs of stabilizing” and would likely to meet the 7.5% growth … Continue reading →

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USD/CAD: Loonie continues its gain in the Asian session

Posted on September 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9735. In Canada, housing starts, on a seasonally adjusted annualized rate, rose to 224,900 units in August, well above the 200,000 average forecast. However, … Continue reading →

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USD/CHF: Pair continues its downward journey this morning

Posted on September 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CHF and closed at 0.9390. In the US, the trade deficit increased 0.2% (MoM) to $ 42 billion in July, from a deficit of $ 41.9 billion … Continue reading →

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USD/JPY: Greenback gaining strength against the Yen this morning

Posted on September 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.61% against the JPY and closed at 77.77. In Japan, the preliminary machine tool orders declined 2.6% (YoY) in August, from a 6.7% decline in July. The Japanese Finance Minister, Jun … Continue reading →

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