USD/CAD: Loonie trading flat in the Asian session

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 1.0048, after the Federal Reserve took no new monetary stimulus to provide additional support for the economy after a two-day policy meeting. In the … Continue reading →

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USD/CHF: Swiss Franc higher ahead of retail sales and PMI data in Switzerland

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.50% against the CHF and closed at 0.9819. There were no major releases in Switzerland yesterday. Meanwhile, in the US, the Institute of Supply Management (ISM) index stated that its manufacturing … Continue reading →

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USD/JPY: Trading above its MA’s

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.36% against the JPY and closed at 78.41, after the Federal Reserve refrained from monetary easing. In the US, payroll processor ADP stated that the private sector employment increased by a … Continue reading →

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GBP/USD: Pound trading steady ahead of BoE interest rate decision

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.5546, after the Markit/CIPS manufacturing Purchasing Managers’ Index (PMI) in the UK dropped to 45.4 in July, the lowest level since March 2009, from … Continue reading →

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EUR/USD: Euro trading higher ahead of ECB interest rate decision

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.2237. The greenback rose after the Federal Reserve made no changes to interest rates or policy in general, reiterating earlier stances that it would … Continue reading →

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AUD/USD: Aussie marginally higher this morning

Posted on August 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.10% against the USD to close at 1.0490. LME Copper prices rose 0.8% or $61.0/MT to $ 7580.5/ MT. Aluminium prices rose 0.6% or $11.0/MT to $ 1862.3/ MT. In the … Continue reading →

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USD/CAD: Canadian economic growth slows in May

Posted on August 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.17% against the CAD to close at 1.0033. In Canada, gross domestic product rose 0.1% (MoM) in May, compared to a rise of 0.3% in April. Separately, industrial product price and … Continue reading →

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USD/CHF: Swissy trading steady in the Asian session

Posted on August 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.28% against the CHF and closed at 0.9770. In Switzerland, the consumption indicator climbed to 1.60 in June, from a revised reading of 1.02 in May. Meanwhile, in the US, Treasury … Continue reading →

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USD/JPY: Pair trading lower this morning; FOMC in focus

Posted on August 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.13. In Japan, housing starts fell 0.2% (YoY) in June, compared to a 9.3% surge in May. Additionally, annualized housing starts in the nation … Continue reading →

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GBP/USD: Moody’s lowers UK GDP growth forecast

Posted on August 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5669. The Moody’s Investors Service lowered gross domestic product (GDP) forecast for UK to 0.4% in 2012 and 1.8% in 2013. However, it retained … Continue reading →

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EUR/USD: Euro up on the ECB hopes, trading flat this morning

Posted on August 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.2295, amid hopes that the European Central Bank (ECB) would take steps to stem the Euro-zone debt crisis, after the central bank’s head, Mario … Continue reading →

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