USD/CAD: Bank of Canada leaves rates unchanged

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25 % against the CAD to close at 1.0126. The Canadian Dollar received support against the US Dollar after Bank of Canada policy makers signaled interest-rate increases remain possible even as … Continue reading →

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USD/CHF: Tad lower in the Asian session

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CHF and closed at 0.9775. In the Asian session, at GMT0300, the pair is trading at 0.9771, with the USD trading marginally lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Japanese economy showing signs of life, indicates BoJ minutes

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.42% against the JPY and closed at 79.15. In testimony to the US Senate, Federal Reserve Chairman, Ben Bernanke refrained from indicating whether the Fed would embark on a third round … Continue reading →

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GBP/USD: Sterling trading steady ahead of BoE minutes & unemployment report in the UK

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.5651. In the UK, the consumer price index fell 0.4% (MoM) in June, compared to a 0.1% decline expected by markets, while DCLG house … Continue reading →

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EUR/USD: Euro trading slighty higher in the Asian session

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.2288. In its testimony to Congress, the Federal Reserve Chairman, Ben Bernanke, offered no new hints at a need for monetary stimulus. In a … Continue reading →

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AUD/USD: Aussie continues its bullish trend this morning

Posted on July 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 1.0242. LME Copper prices declined 0.7% or $53.5/MT to $7635.5/ MT. Aluminium prices rose marginally or $0.3/MT to $1861.5/ MT. In the Asian session, … Continue reading →

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USD/CAD: BoC rate decision awaited

Posted on July 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CAD to close at 1.0151. In Canada, existing home sales fell 1.3% (MoM) in June, making it the second monthly decline. In the Asian session, at GMT0300, the … Continue reading →

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USD/CHF: Trading below is MA’s

Posted on July 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CHF and closed at 0.9789. In economic news, industrial production in Switzerland rose 1.4% (YoY) in Q1 FY2012, following a revised 3.6% rise in the previous quarter. In … Continue reading →

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USD/JPY: Yen trading lower against the USD in the Asian session

Posted on July 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.44% against the JPY and closed at 78.82, as weak US retail sales for June boosted hopes of further policy easing in the US. In the Asian session, at GMT0300, the … Continue reading →

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GBP/USD: Pound trading higher ahead of series of economic releases in the UK

Posted on July 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5628, on broad US dollar weakness. The International Monetary Fund (IMF) in its quarterly economic report, released yesterday, downgraded the UK’s growth forecast from … Continue reading →

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EUR/USD: Euro trading higher on weak US retail sales

Posted on July 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.2268. The US Dollar came under pressure amid growing speculation of monetary easing after retail sales in the US fell 0.5% (MoM) in June. … Continue reading →

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