GBP/USD: Pound lower as the UK economy continued contraction in Q2

Posted on July 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.5492, after data showed that the UK economy contracted more-than-expected in the second quarter of 2012. In the UK, the seasonally adjusted gross domestic … Continue reading →

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EUR/USD: Euro up amid ECB talks on rescue fund; trading lower this morning

Posted on July 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.64% against the USD and closed at 1.2146, after the European Central Bank (ECB) Governing Council member, Ewald Nowotny, stated there were arguments for giving Euro-zone permanent rescue fund a banking … Continue reading →

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AUD/USD: Australia Q2 CPI rises 0.5% (QoQ) in second quarter

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.45% against the USD to close at 1.0217. LME Copper prices rose 0.1% or $9.3/MT to $ 7395.8/ MT. Aluminium prices rose 0.2% or $4.5/MT to $ 1839.8/ MT. In the … Continue reading →

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USD/CAD: CAD down as Euro-zone debt crisis weighs on risk-taking

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.32% against the CAD to close at 1.0218, as concerns that Euro-zone debt crisis is worsening curbed demand for riskier assets. In Canada, retail sales rose 0.3% (MoM) in May, compared … Continue reading →

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USD/CHF: Eyeing Parity

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.40% against the CHF and closed at 0.9952. The Swiss Franc declined along with the Euro, eyeing parity with the greenback, amid renewed concerns about the Euro-region’s debt crisis. In the … Continue reading →

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USD/JPY: Japan registered surprise trade surplus in June

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.17% against the JPY and closed at 78.16. In the Asian session, at GMT0300, the pair is trading at 78.14, with the USD trading 0.03% lower from yesterday’s close. This morning, … Continue reading →

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GBP/USD: Trading flat ahead of UK GDP data

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.5507. On the UK economic front, the British Banker’s Association (BBA) reported that the number of new mortgages approvals unexpectedly dropped to 26,269 in … Continue reading →

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EUR/USD: Moody’s lower EFSF outlook; Euro tad higher this morning

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.40% against the USD and closed at 1.2069, as risk aversion increased among investors following little hope that Greece would meet the terms of its bailout, raising doubts on its future … Continue reading →

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AUD/USD: Aussie continues to trade lower

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.81% against the USD to close at 1.0263. In China, Song Guoqing, a member of the People’s Bank of China monetary policy committee stated during the weekend that China’s economic expansion … Continue reading →

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USD/CAD: Loonie trading flat ahead of Canadian retail sales data

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.45% against the CAD to close at 1.0185. In the US, Federal Reserve Bank of Chicago stated that its monthly National Activity Index rose to a reading of -0.15 in June, … Continue reading →

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USD/CHF: Swissy higher this morning

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9912. In Switzerland, the M3 money supply grew 7.4% (YoY) in June, following 6.3% growth in May. In the Asian session, at GMT0300, the … Continue reading →

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