GBP/USD: Sterling fell after UK trade deficit widened in June

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5631, after data showed that the UK trade deficit widened more-than-expected in June. In the UK, the visible trade deficit widened to £10.1 … Continue reading →

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EUR/USD: Euro down as ECB widened Euro-zone 2012 contraction expectation

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.59% against the USD and closed at 1.2300, as risk aversion increased among investors after European Central Bank (ECB) stated that there is a downside risks to the Euro-zone’s economic … Continue reading →

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AUD/USD: Aussie continues its rally in the Asian session post upbeat Australian jobs report

Posted on August 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0567. LME Copper prices declined 0.5% or $41.3/MT to $7525.3/ MT. Aluminium prices rose 0.5% or $9.5/MT to $1872.5/ MT. In the Asian session, … Continue reading →

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USD/JPY: BoJ kept its policy stance unchanged

Posted on August 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.28% against the JPY and closed at 78.43. According to a survey conducted by Eco Watchers’, on a seasonally adjusted basis, the current conditions index in Japan rose to 44.2 in … Continue reading →

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Swiss consumer climate indicator fell in April-to-July

Posted on August 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CHF and closed at 0.9710. The Swiss Franc fell against the US Dollar, as data from the State Secretariat for Economic Affairs showed that the nation’s consumer confidence … Continue reading →

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USD/CAD: Loonie trading steady ahead of Canadian merchandise trade data

Posted on August 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD to close at 0.9944. In the Asian session, at GMT0300, the pair is trading at 0.9946, with the USD trading marginally higher from yesterday’s close. The pair … Continue reading →

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GBP/USD: BoE cuts UK 2012 growth forecast to 0%

Posted on August 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.31% against the USD and closed at 1.5667. Yesterday, the Bank of England (BoE), in its quarterly inflation report, scaled back its growth forecast for 2012 to 0%, saying that the … Continue reading →

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EUR/USD: Euro down following weak economic from the Euro-zone, trading higher this morning

Posted on August 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.13% against the USD and closed at 1.2373, amid renewed concern over the Euro-zone debt crisis following weak economic data from the region and after the Bank of France (BoF) stated … Continue reading →

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AUD/USD: Tad lower this morning

Posted on August 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0546. Yesterday, the Reserve Bank of Australia (RBA) decided to retain its benchmark cash rate unchanged at 3.5%, in line with market forecast. The … Continue reading →

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USD/CAD: Loonies rose as Canadian Ivey PMI rises in July, tad lower this morning

Posted on August 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9971. The Loonie rose, after the Ivey purchasing managers index in Canada, on a seasonally adjusted basis, climbed to 62.8 in July, highest level … Continue reading →

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USD/JPY: Japan records more-than-expected surplus in current account

Posted on August 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.52% against the JPY and closed at 78.65. In the Asian session, at GMT0300, the pair is trading at 78.53, with the USD trading 0.15% lower from yesterday’s close. Data released … Continue reading →

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