USD/CAD: Canadian Dollar losing steam against the USD this morning

Posted on August 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD to close at 0.9903, ahead of the US Federal Reserve Chairman, Ben Bernanke speech at a central bankers’ gathering in Jackson Hole, Wyoming, on Friday amid expectations … Continue reading →

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AUD/USD: Aussie slips as Australian new home sales retreat in July

Posted on August 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.50% against the USD to close at 1.0363, after a report showed that profits for industrial companies in China, Australia’s biggest trading partner, fell 5.4% in July from a year earlier. … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on August 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.78% against the USD to close at 1.0428. LME Copper prices rose 1.3% or $96.0/MT to $7667.3/MT. Aluminium prices rose 1.8% or $32.8/MT to $1861.3/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie marginally higher in the Asian session

Posted on August 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CAD to close at 0.9941. In the US, the Markit flash manufacturing purchasing managers’ index rose slightly to 51.9 in August, from 51.4 in July. In the Asian … Continue reading →

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USD/CHF: Swiss Franc rose on positive Swiss trade balance data

Posted on August 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CHF and closed at 0.9562. The Swiss Frace rose after the trade surplus in Switzerland widened to CHF2.9 billion in July, from a revised CHF2.2 billion surplus in … Continue reading →

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USD/JPY: USD gaining strength this morning

Posted on August 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.56, after the Federal Reserve Bank of Chicago President, Charles Evans, broadened his call for more stimulus in the US. Additionally, in the US, … Continue reading →

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GBP/USD: UK GDP expected to remain in contraction territory

Posted on August 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.18% against the USD and closed at 1.5856. In the UK, the Confederation of British Industry (CBI) reported that retail sales balance unexpectedly fell to the reading of -3 in August, … Continue reading →

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EUR/USD: Euro steady ahead of Angela Merkel and Antonis Samaras meeting

Posted on August 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.2558, as better-than-forecasted manufacturing activity data in France and Germany eased some of the pessimism surrounding the region’s economy. In Germany, the manufacturing purchasing … Continue reading →

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AUD/USD: Aussie marginally higher in the Asian session

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.41% against the USD to close at 1.0510. LME Copper prices rose 0.8% or $61.5/MT to $7571.3/MT. Aluminium prices rose 0.4% or $7.8/MT to $1828.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie fell on weak Canadian retail sales data, trading higher this morning

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CAD to close at 0.9907. The Loonie came under pressure after retail sales in Canada unexpectedly fell 0.4% (MoM) in June, against the market expectation of 0.1% rise. … Continue reading →

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USD/CHF: Pair expected to take cues from Swiss trade balance data

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CHF and closed at 0.9576. In the US, number of total mortgage applications fell 7.4% for the week ended August 17, compared to the fall of 4.5% in … Continue reading →

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