USD/CHF: Swissy trading below its MA’s

Posted on August 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 1.62% against the CHF and closed at 0.9706. On the Swiss economic front, the UBS real estate bubble index fell to 0.82 in the Q2 FY2012, from 0.95 in … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on August 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.40% against the JPY and closed at 78.56. In the US, nonfarm payrolls rose to 163,000 in July, far more than market expectations for a gain of 100,000, and … Continue reading →

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GBP/USD: Sterling gives up some gains in the Asian session

Posted on August 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.85% against the USD and closed at 1.5644, as risk appetite received a boost following a stronger-than expected US employment report. In the UK, services Purchasing Managers’ Index (PMI) … Continue reading →

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EUR/USD: Euro up on positive economic data

Posted on August 6, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, EUR rose 1.68% against the USD and closed at 1.2381, amid increased risk appetite among investors, following positive service sector data from the Euro-zone and stronger-than-expected US jobs data. In the … Continue reading →

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AUD/USD: Risk aversion sends Aussie south, cementing gains in the Asian session

Posted on August 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.09% against the USD to close at 1.0456, as risk appetite eased after the European Central bank failed to introduce sufficient steps to address the region’s debt crisis. LME Copper prices … Continue reading →

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USD/CAD: Greenback higher on flight to safety, trading lower this morning

Posted on August 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0075, as signs of slowing global growth and concern that Europe’s debt crisis is worsening raised demand for the safe-haven greenback. In the US, … Continue reading →

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USD/CHF: Swiss PMI improved in July but remains in contraction territory

Posted on August 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CHF and closed at 0.9866. On the Swiss economic front, the seasonally adjusted manufacturing purchasing managers’ index (PMI) improved to 48.6 in July, from 48.1 in June. Market … Continue reading →

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USD/JPY: Yen continues its northward journey this morning

Posted on August 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.20% against the JPY and closed at 78.25. Yesterday, the Bank of Japan (BoJ) board member, Yoshihisa Morimoto, stated that that Japan’s economy is headed for a recovery, however he warned … Continue reading →

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GBP/USD: NIESR cuts UK growth forecast

Posted on August 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.22% against the USD and closed at 1.5512. Yesterday, the Bank of England’s (BoE) monetary policy committee kept the benchmark rate unchanged at 0.5% and held the size of its quantitative … Continue reading →

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EUR/USD: ECB’s inaction triggers risk off trade

Posted on August 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.50% against the USD and closed at1.2176, after the European Central Bank (ECB) disappointed investors who were hoping for imminent move to fight the Euro-zone debt crisis. The European Central Bank … Continue reading →

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AUD/USD: Aussie up after positive economic data from Australia

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0465, on broad dollar strength. LME Copper prices declined 1.1% or $83.0/MT to $7497.5/ MT. Aluminium prices declined 1.0% or $18.5/MT to $1843.8/ MT. … Continue reading →

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