GBP/USD: Sterling rose as UK trade deficit narrowed in July

Posted on September 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.47% against the USD and closed at 1.6070, after data showed that the UK trade deficit narrowed in July. In the UK, visible trade deficit narrowed to £7.1 billion in July, … Continue reading →

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EUR/USD: Euro continues its rally amid ESM fund optimism

Posted on September 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.2854, on expectations that a German court would back the Euro-zone bailout fund following announcement that it would not postpone today’s long-awaited decision on … Continue reading →

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AUD/USD: Aussie trading higher after yesterday’s fall

Posted on September 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD to close at 1.0340. LME Copper prices rose 2.8% or $188.0/MT to $ 8031.8/MT. Aluminium prices rose 2.2% or $44.0/MT to $ 2031.8/MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie marginally higher ahead of Canadian merchandise trade data

Posted on September 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CAD to close at 0.9769. In the Asian session, at GMT0300, the pair is trading at 0.9767, with the USD trading marginally lower from yesterday’s close. The pair … Continue reading →

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USD/CHF: Trading marginally lower in the Asian session

Posted on September 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.06% against the CHF and closed at 0.9458. Yesterday, the Federal Reserve reported that consumer credit in the US shrank by $3.28 billion in July, well below the forecast for a … Continue reading →

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USD/JPY: Consumer confidence in Japan rose to 40.5 in August

Posted on September 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.05% against the JPY and closed at 78.25. In Japan, on a seasonally adjusted basis, consumer confidence index rose to 40.5 in August, from 39.7 in July. The Eco Watchers … Continue reading →

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GBP/USD: Sterling cementing gains this morning; awaits UK trade balance data

Posted on September 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.5995. Yesterday the ratings agency, Moody’s stated that the UK bank profitability is set to stay under pressure through to 2013 as margins erode … Continue reading →

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EUR/USD: Euro trading higher this morning ahead of Germany’s constitutional court decision tomorrow

Posted on September 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.27% against the USD and closed at 1.2762, as investors remain cautious ahead of Germany’s constitutional court ruling tomorrow on whether a permanent bailout fund can go ahead. Spanish Prime Minister, … Continue reading →

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USD/CAD: Trading flat from Friday’s close

Posted on September 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.52% against the CAD to close at 0.9782. In Canada, the Ivey Purchasing Managers Index (PMI) on a seasonally adjusted number dropped less-than-expected to 62.5 in August, from 62.8 … Continue reading →

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AUD/USD: Trading lower in the Asian session

Posted on September 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 1.16% against the USD to close at 1.0397. LME Copper prices rose 2.3% or $173.5/MT to $xxxx.x/MT. Aluminium prices rose 1.3% or $25.3/MT to $1987.8/MT. In the Asian session, … Continue reading →

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GBP/USD: UK GDP rose 0.2% in 3 months through August: NIESR

Posted on September 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.51% against the USD and closed at 1.6010, after the release of positive economic data from the UK. In the UK, on a seasonally adjusted basis, manufacturing production rose … Continue reading →

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