EUR/USD: Euro-zone GDP expected to shrink in Q2

Posted on August 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.39% against the USD and closed at 1.2333, following a well-received Italian bond auction. Investors also bought the Euro amid speculation that the European Central Bank would soon take action to … Continue reading →

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AUD/USD: Aussie rose as RBA raised Australian 2012 GDP growth forecast, trading lower this morning

Posted on August 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened marginally against the USD to close at 1.0576, after Reserve Bank of Australia (RBA), in its monetary policy statement, raised Australian gross domestic product forecast for 2012. However gains … Continue reading →

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USD/CAD: Canadian economy lost more jobs in July; pair trading flat this morning

Posted on August 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.06% against the CAD to close at 0.9910. In Canada, official data indicated that the economy lost 30,400 jobs in July, disappointing expectations for a 9,600 rise and following … Continue reading →

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USD/CHF: Trading between its MA’s

Posted on August 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.05% against the CHF and closed at 0.9770. In the Asian session, at GMT0300, the pair is trading at 0.9768, with the USD trading marginally lower from Friday’s close. … Continue reading →

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USD/JPY: Yen slips on soft Japanese growth data

Posted on August 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.42% against the JPY and closed at 78.28 The Yen rose after industrial output in Japan rose 0.4% (MoM) in June, against the market expectation of 0.1% drop. However, … Continue reading →

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GBP/USD: Sterling pairing Friday’s gain this morning

Posted on August 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.33% against the USD and closed at 1.5683. In the UK economic news, output price inflation eased to 1.7% (YoY) in July, from 2.0% in June. Additionally, input prices … Continue reading →

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EUR/USD: Euro down on global growth concern, trading flat this morning

Posted on August 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.07% against the USD and closed at 1.2292, as risk sentiment weakened amid worries over the outlook for global economic growth and uncertainty over the possibility for fresh action … Continue reading →

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AUD/USD: Australian economy would grow 3.5% in 2012: RBA

Posted on August 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.07% against the USD to close at 1.0574. LME Copper prices declined 0.4% or $30.0/MT to $7495.3/ MT. Aluminium prices declined 0.4% or $6.8/MT to $1865.8/ MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower ahead of Canadian unemployment report

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.28% against the CAD to close at 0.9916. In economic news, international merchandise trade deficit of Canada widened to C$1.8 billion in June, from C$954 million in May. Separately, housing … Continue reading →

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USD/CHF: Greenback rallied on positive US economic data

Posted on August 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.57% against the CHF and closed at 0.9765. In the US, initial jobless claims declined to 361,000 for the week ended August 4, against the market expectations for an increase to … Continue reading →

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USD/JPY: Yen fell on downbeat Japanese consumer confidence figures, trading flat this morning

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.23% against the JPY and closed at 78.61, after the Bank of Japan refrained from loosening monetary policy. The Japanese Yen also came under pressure, after the consumer sentiment index … Continue reading →

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