USD/CHF: Trading flat from yesterday’s close

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9560. The Swiss Franc fell after the Swiss National Bank (SNB) Vice Chairman, Jean-Pierre Danthine, stated that the Swiss Franc is still over-valued. Additionally, … Continue reading →

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USD/JPY: Pair trading marginally lower in the Asian session

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.42. Yesterday, the Bank of Japan (BoJ) board member, Ryuzo Miyao, stated that the risk to Japan from a prolonged global slowdown is rising. … Continue reading →

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GBP/USD: BoE expected to keep interest rate and asset purchase target unchanged

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5903. In the UK, net foreign currency reserves increased to $47.03 billion at the end of August, from $46.29 billion in the previous month, … Continue reading →

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EUR/USD: Euro continues its rally this morning ahead of Mario Draghi’s bond rescue plan

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.2596, amid hopes that the European Central Bank (ECB) would announce fresh measures to battle the Euro-zone debt crisis. Yesterday, the Italian Prime Minister, … Continue reading →

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GBP/USD: Pound fell after the UK construction activity contracted in August

Posted on September 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.5869, after the construction purchasing managers index (PMI) in the UK, on a seasonally adjusted basis, fell to a reading of 49.0 in August, … Continue reading →

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AUD/USD: Australian economy grew 0.6% (QoQ) in Q2

Posted on September 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0213. Yesterday, the Reserve Bank of Australia kept its key interest rate unchanged at 3.50%, in line with market expectations. LME Copper prices declined … Continue reading →

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USD/CAD: Loonie higher ahead of BoC interest rate decision

Posted on September 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 0.9866. In the US, the Institute for Supply Management (ISM) index of national factory activity fell to 49.6 in August, making it the third … Continue reading →

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USD/CHF: Pair trading higher this morning; Swiss CPI data awaited

Posted on September 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.21% against the CHF and closed at 0.9564. The Swiss Franc fell after data showed that Swiss gross domestic product (GDP) on a seasonally adjusted basis, declined 0.1% (QoQ) in Q2 … Continue reading →

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USD/JPY: Pair trading flat in the Asian session

Posted on September 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 78.44. In the US, Markit Economics reported that manufacturing purchasing managers index rose to 51.5 in August, higher than the 51.4 reading in July. … Continue reading →

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EUR/USD: Euro continues its downward journey ahead of Euro-zone retail sales data

Posted on September 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.2559, as investors remained cautious ahead of European Central Bank (ECB) meeting on Thursday to decide whether or not to buy sovereign bonds issued … Continue reading →

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AUD/USD: Trading flat ahead of RBA rate decision

Posted on September 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.51% against the USD to close at 1.0241, following weak Australian retail sales data and after China’s manufacturing sector slumped to a nine-month low in August. LME Copper prices rose 1.0% … Continue reading →

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