USD/CHF: Swiss unemployment remained steady in July, Swiss Franc trading higher this morning

Posted on August 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9696. On the Swiss economic front, unemployment rate on a seasonally adjusted basis remained steady at 2.9% in July, in line with analysts’ expectations. … Continue reading →

Posted in USD/CHF | Leave a comment

GBP/USD: UK economy contracted 0.2% in the three months to July: NIESR

Posted on August 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.5619, after the UK industrial and manufacturing production fell less-than-expected in June. In the UK, industrial production fell 2.5% (MoM) in June, against the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro fell as S&P lowered Greece to negative outlook, trading higher this morning

Posted on August 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2389. Earlier in Asian trading session yesterday, the Euro was trading higher, after German Chancellor, Angela Merkel’s government backed the European Central Bank’s (ECB) … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Trading above its MA’s

Posted on August 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0564. LME Copper prices rose 1.0% or $71.0/MT to $7397.5/ MT. Aluminium prices rose 1.2% or $22.5/MT to $1828.8/ MT. In the Asian session, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie trading at parity in the Asian session

Posted on August 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 1.0006. In the Asian session, at GMT0300, the pair is trading at 1.0000, trading 0.06% lower from yesterday’s close. The pair is expected to … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Investors await unemployment & CPI data in Switzerland

Posted on August 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CHF and closed at 0.9692. The Federal Reserve Chairman, Ben Bernanke, stated that although broad measurements of the economy point to recovery, many people and businesses are facing … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen lower ahead of trade balance data in Japan

Posted on August 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.47% against the JPY and closed at 78.24. In Japan, the leading index fell to a reading of 92.6 in June, from a reading of 95.2 in May, while, the coincident … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound fell on speculation that BoE might cut UK’s growth forecast

Posted on August 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.5592, on growing concerns that the Bank of England (BoE) would cut its forecast for growth in Wednesday’s quarterly inflation report and would introduce … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Prints fresh highs above 1.2400, German factory orders and Italian GDP awaited

Posted on August 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2392, extending its Friday’s gains on the back of recent positive US economic data and hopes that policymaker would take action to help debt-market … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Trading flat this morning after Friday’s surge

Posted on August 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 1.02% against the USD to close at 1.0563. LME Copper prices declined 0.8% or $59.8/MT to $7326.5/ MT. Aluminium prices declined 0.8% or $14.5/MT to $1806.3/ MT. Over the … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Rally in crude oil prices pushed Loonie higher

Posted on August 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CAD on Friday to close at 1.0014. The Loonie rose after crude oil prices rallied more than 4% on Friday and following the release of upbeat jobs and … Continue reading →

Posted in USD/CAD | Leave a comment