AUD/USD: Australian private sector credit continue to rise in July

Posted on August 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.49% against the USD to close at 1.0294. Yesterday, the Chinese Premier, Wen Jiabao, warned that the Euro-zone crisis is worsening, but added that China would continue to buy Euro-zone government … Continue reading →

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USD/CAD: Canada 2Q current account deficit widens to highest level in 2 years; investors awaits GDP data in Canada

Posted on August 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 0.9923. In Canada, current account deficit on a seasonally adjusted basis rose to C$16.0 billion in the second quarter of 2012, compared to the … Continue reading →

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USD/JPY: Industrial output in Japan fell in July

Posted on August 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 78.57. In the Asian session, at GMT0300, the pair is trading at 78.44, with the USD trading 0.17% lower from yesterday’s close. Data released … Continue reading →

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USD/CHF: Swiss Franc trading higher against the USD in the Asian session

Posted on August 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.19% against the CHF and closed at 0.9600. The Federal Reserve of Philadelphia President, Charles Plosser, stated there is no point in launching a third round of quantitative easing (QE3), in … Continue reading →

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GBP/USD: Sterling tad higher this morning

Posted on August 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.5789. In the UK, consumer credit, excluding student loans, unexpectedly declined by £0.2 billion in July, following a revised £0.1 billion gain in the … Continue reading →

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EUR/USD: Pair trading higher ahead of Ben Bernanke’s speech at Jackson Hole

Posted on August 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.2510. Yesterday, the French President, Francois Hollande, called on Europe’s leaders to make serious headway in introducing measures to ease the pressure on countries … Continue reading →

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AUD/USD: Aussie trading lower on Australian building approvals data

Posted on August 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.22% against the USD to close at 1.0345. The Federal Reserve, in its Beige Book Economic Survey, stated that the US economy grew moderately in July and early August, and hiring … Continue reading →

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USD/CAD: Loonie lower ahead of current account data in Canada

Posted on August 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 0.9893. In economic news, Canadian industrial product price index fell 0.5% (MoM) in July, compared to a fall of 0.3% in June. Separately, raw … Continue reading →

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USD/CHF: Trading flat after yesterday’s fall

Posted on August 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9582. In Switzerland, the KOF leading indicator rose to a reading of 1.57 in August, against the market expectation of 1.50. In the Asian … Continue reading →

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USD/JPY: Japanese retail sales continues its fall in July

Posted on August 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 78.72, after the US gross domestic product rose at a seasonally adjusted annual rate of 1.7% in the three months to June, up from … Continue reading →

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GBP/USD: Sterling steady ahead of series of UK economic data

Posted on August 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.08% against the USD and closed at 1.5834. In the Asian session, at GMT0300, the pair is trading at 1.5831, with the GBP trading flat from yesterday’s close. The pair is … Continue reading →

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