GBP/USD: Consumer confidence in UK remained steady, indicates GFK

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.5710, as the release of weak economic data from the UK, raised concerns that UK’s recession is deepening. In the UK, the mortgage approvals … Continue reading →

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EUR/USD: Deepening Spanish recession pulled Euro down, trading higher this morning

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.37% against the USD and closed at 1.2261, after data showed that Spanish economy continued its contraction and following weak economic data from the Euro-zone. Meanwhile, the US Treasury Secretary, Timothy … Continue reading →

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AUD/USD: Aussie extends its gains after building data in Australia

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0501. In China, the leading index fell to a reading of 99.28 in June, compared to a reading of 99.58 in May. LME Copper … Continue reading →

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USD/CAD: Pair moving closer to parity; Canadian GDP data awaited

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.23% against the CAD to close at 1.0016. The Canadian Dollar climbed against the greenback ahead of a meeting where the Federal Reserve may indicate that it would take further steps … Continue reading →

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USD/CHF: Greenback drifting lower this morning against Swiss Franc

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.38% against the CHF and closed at 0.9797. In the Asian session, at GMT0300, the pair is trading at 0.9779, with the USD trading 0.18% lower from yesterday’s close, amid speculation … Continue reading →

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USD/JPY: Manufacturing PMI in Japan declines at a fastest pace since last year’s earthquake

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.47% against the JPY and closed at 78.16. In the Asian session, at GMT0300, the pair is trading at 78.22, with the USD trading 0.08% higher from yesterday’s close. In Japan, … Continue reading →

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AUD/USD: Aussie backpedals this morning

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.81% against the USD to close at 1.0481. LME Copper prices rose 0.6% or $44.5/MT to $7554.8/ MT. Aluminium prices declined 0.3% or $5.5/MT to $1859.8/ MT. In the … Continue reading →

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USD/CAD: Canadian Dollar tad higher in the Asian session

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.53% against the CAD to close at 1.0045. In the US, Gross Domestic Product (GDP) expanded to an annual rate of 1.5% in the second quarter of 2012, the … Continue reading →

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USD/CHF: Pair trading between its MA’s

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.18% against the CHF and closed at 0.9762. The Swiss Franc rose after the KOF economic barometer index rose more-than-expected to a reading of 1.43 in July, from 1.15 … Continue reading →

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USD/JPY: Yen trading higher ahead of PMI data in Japan

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.31% against the JPY and closed at 78.49. In the US, the Thomson Reuters/University of Michigan consumer sentiment index edged up to 72.3 in July, from the mid-month reading … Continue reading →

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GBP/USD: British Pound gives up Friday’s gains this morning

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.27% against the USD and closed at 1.5732. On Friday, Standard & Poor’s Ratings Services affirmed UK’s triple-AAA sovereign rating and maintained a stable outlook. It expects the UK … Continue reading →

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