USD/JPY: Yen trading steady ahead of Japan trade balance data

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 78.29. Yesterday, the Japanese government, in its monthly report published by the Cabinet Office, vowed to work “decisively” with the Bank of Japan to … Continue reading →

Posted in USD/JPY | Leave a comment

EUR/USD: Euro fell on Spanish contagion concerns, trading higher this morning

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2117, amid concerns that Spain would have to seek a full sovereign bailout. The Euro slid two-year low against the dollar, as Murcia became … Continue reading →

Posted in EUR/USD | Leave a comment

GBP/USD: British Pound tad higher in the Asian session

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.5513, as risk aversion increased among the investors. In the Asian session, at GMT0300, the pair is trading at 1.5520, with the GBP trading … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Greece & Spanish worries weighs on the Euro

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.92% against the USD and closed at 1.2163, amid mounting concerns over the European debt crisis. Spain’s financial crisis deepened following news that Valencia, a heavily indebted region in … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Risk aversion weighs on the Aussie

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.42% against the USD to close at 1.0379. In China, MNI Flash business sentiment index fell to a reading of 49.63 in July, compared to a reading of 53.21 … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: CAD down as risk aversion sends high yielding currencies south

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.45% against the CAD to close at 1.0124, as concerns that Europe’s debt crisis is worsening, reduced demand for higher-yielding assets. In economic news, on a seasonally adjusted basis, … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading lower ahead of SNB monthly bulletin

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.93% against the CHF and closed at 0.9875. In the Asian session, at GMT0300, the pair is trading at 0.9915, with the USD trading 0.41% higher from Friday’s close. … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen holds on to Friday’s gains

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.29% against the JPY and closed at 78.48. In the Asian session, at GMT0300, the pair is trading at 78.18, with the USD trading 0.38% lower from Friday’s close. … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound lower as UK’s public sector borrowing grew for the second consecutive month

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.61% against the USD and closed at 1.5622, after UK’s public sector net borrowing continued to climb for June, casting aspersions over the government’s plan to balance its budget … Continue reading →

Posted in GBP/USD | Leave a comment

AUD/USD: Aussie gives up yesterday’s gains

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0423. LME Copper prices rose 2.2% or $169.3/MT to $7764.8/ MT. Aluminium prices rose 2.2% or $40.5/MT to $1908.8/ MT. In the Asian session, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Sharp rally in Oil prices pushed Loonie higher

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.22% against the CAD to close at1.0079. Yesterday, the Canadian Dollar received support amid surprise rise in crude oil prices, Canada’s biggest export. Moreover, wholesale sales in Canada rose 0.9% (MoM) … Continue reading →

Posted in USD/CAD | Leave a comment