USD/CHF: Swiss trade surplus narrowed in June; Franc trading lower this morning

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.01% against the CHF and closed at 0.9784. In Switzerland, the trade surplus narrowed to CHF2.25 billion in June, from a revised CHF2.52 billion surplus recorded in May. In the Asian … Continue reading →

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USD/JPY: Yen continues its rally in the Asian session

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.08% against the JPY and closed at 78.71, after release of weak US economic data raised speculation that more stimulus may be coming from the Fed. In the US, home sales, … Continue reading →

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GBP/USD: Sterling drifting lower in the Asian session

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD and closed at 1.5718. In the UK, retail sales on a seasonally adjusted basis rose 0.3% (MoM) in June, against the market expectation of a 0.4% rise. … Continue reading →

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EUR/USD: German parliament voted in favor of rescue plan; Euro trading lower in the Asian session

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2276, as rising borrowing cost in a Spanish bond auction raised concerns that the region’s debt crisis is deepening. In a bond auction, the … Continue reading →

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AUD/USD: Aussie continues its rally in the Asian session

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.52% against the USD to close at 1.0361. LME Copper prices declined 1.0% or $75.0/MT to $7595.5/ MT. Aluminium prices declined 1.1% or $20.0/MT to $1868.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: BoC downgrades economic forecast

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 1.0101. Yesterday, the Bank of Canada (BoC) in its Monthly Policy Report (MPR) revised its Canadian economic growth forecast to 2.1% this year and … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of Swiss trade balance data

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.9783. In Switzerland, the ZEW economic sentiment rose to a reading of -42.5 in July, compared to a reading of -43.4 in June. In … Continue reading →

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USD/JPY: Greenback slips on demand for Yen

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.48% against the JPY and closed at 78.77, after investors, weary of interpreting Ben Bernanke’s reserved testimony before Congress, opted for the Yen. Federal Reserve (Fed) Chairman, Ben Bernanke concluded two … Continue reading →

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GBP/USD: BoE member voted 7-2 to raise asset purchase target

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5649. Yesterday, minutes of Bank of England (BoE) from policy meeting of July 4-5 revealed that the BoE Governor, Mervyn King, and six other … Continue reading →

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EUR/USD: Angela Merkel not sure “European project” would work

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.08% against the USD and closed at 1.2278, amid worries over Europe’s fiscal woes and comments from German Chancellor, Angela Merkel casting doubt on whether the “European Project” had a solid … Continue reading →

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AUD/USD: Aussie gives up yesterday’s gain this morning

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 1.0307. LME Copper prices rose 0.5% or $35.0/MT to $ 7670.5/ MT. Aluminium prices rose 1.4% or $26.8/MT to $ 1888.3/ MT. In the … Continue reading →

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