USD/JPY: Greenback trading lower ahead of Fed’s Evans Speech

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.90% against the JPY and closed at 78.58, after minutes of the Federal Open Market Committee’s latest meeting showed that many US policy makers favor additional growth measures. In economic news, … Continue reading →

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GBP/USD: Sterling continues its northward journey in the Asian session

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.68% against the USD and closed at 1.5884. Earlier yesterday, the Bank of England policymaker, Adam Posen stated that the UK economy was stagnating and warned that if the situation in … Continue reading →

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EUR/USD: Trading flat ahead of Euro-zone PMI & consumer confidence data

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.2543. Yesterday, the US Dollar came under pressure after the minutes of Federal Reserve’s latest monetary policy meeting indicated that the policy makers would … Continue reading →

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GBP/USD: Pair trading marginally higher ahead of FOMC meeting minutes

Posted on August 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.5776. In the UK, public sector net borrowing posted a surplus of £1.795 billion in July, following a revised £12.203 billion deficit in June. … Continue reading →

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USD/JPY: Japan trade deficit widened more-than-expected in July

Posted on August 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.14% against the JPY and closed at 79.29. In Japan, the all industry activity index rose 0.2% (MoM) in June, from a revised 0.2% drop in May. In the Asian session, … Continue reading →

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USD/CAD: Loonie lower ahead of Canadian retail sales data and BoC Governor speech

Posted on August 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 0.9897. In Canada, wholesale sales fell 0.1% (MoM) in June, marking its first drop in five months and compared to the market expectation of … Continue reading →

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USD/CHF: Trading flat from yesterday’s close

Posted on August 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.91% against the CHF and closed at 0.9635. On the Swiss economic front, the M3 money supply increased 9.8% (YoY) in July, following an 8.5% rise in June. Separately, the ratings … Continue reading →

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AUD/USD: Aussie loses steam in the Asian session

Posted on August 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.15% against the USD to close at1.0467, after the Reserve Bank of Australia’s (RBA) board minutes confirmed a positive outlook for the Australian economy. LME Copper prices rose 1.0% or $77.8/MT … Continue reading →

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EUR/USD: Euro rose amid ECB hopes, trading flat this morning

Posted on August 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.91% against the USD and closed at 1.2465, amid hopes that the European Central Bank (ECB) would take action to ease Spanish and Italian borrowing costs and following successful Spanish bond … Continue reading →

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USD/CAD: Loonie higher ahead of Canadian wholesale sales data

Posted on August 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9886. Fitch Ratings warned that Canadian banks would come under increased pressure as revenues from key businesses such as consumer lending and capital markets … Continue reading →

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AUD/USD: Interest rates in Australia appropriate: RBA Minutes

Posted on August 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0451. LME Copper prices declined 0.9% or $63.8/MT to $ 7432.0/MT. Aluminium prices declined 0.6% or $11.8/MT to $ 1798.5/MT. In the Asian session, … Continue reading →

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