AUD/USD: Tad lower this morning

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.76% against the USD to close at 1.0221. Over the weekend, Chinese, Premier, Wen Jiabao, stated efforts to stabilize the economy are working and government is ready for more … Continue reading →

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USD/CAD: Witnessing flat trading in the Asian session

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.40% against the CAD to close at 1.0148. In the Asian session, at GMT0300, the pair is trading at 1.0148, with the USD trading flat from Friday’s close. The … Continue reading →

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USD/CHF: Pair trading steady ahead of Swiss industrial production data

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.26% against the CHF and closed at 0.9811. On the Swiss economic front, the producer and import price index fell 0.3% (MoM) in June, compared to a 0.2% drop … Continue reading →

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USD/JPY: Yen extends its gains in the Asian session

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.14% against the JPY and closed at 79.21. The Bank of Japan stated that the economic activity has started to pick up moderately amid firm domestic demand, with public … Continue reading →

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GBP/USD: GBP jumps after UK launches scheme to boost bank lending

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.94% against the USD and closed at 1.5576, as investor sentiment received a boost after the Bank of England announced a new £80 billion ‘funding for lending’ program, that … Continue reading →

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EUR/USD: Euro trading flat this morning, EU consumer prices awaited

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.27% against the USD and closed at 1.2241, as successful bond auction in Italy offset renewed concern over nation’s fiscal reforms after Moody’s downgraded country’s rating by two notches … Continue reading →

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AUD/USD: Aussie fell on Australian employment report, gaining strength this morning

Posted on July 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.98% against the USD to close at 1.0144, after official data showed that Australia’s economy shed 27,000 jobs in June, disappointing expectations for a 200 increase and following a 27,800 rise … Continue reading →

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USD/CAD: Loonie climbed after Canadian new home prices rose in April, trading flat this morning

Posted on July 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.05% against the CAD to close at 1.0189. The Canadian Dollar advanced after new housing price index in Canada rose 0.3% (MoM) in May, following a 0.2%increase in April. In the … Continue reading →

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USD/CHF: Pair trading higher ahead of Swiss producer and import prices

Posted on July 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9837. In the US, initial claims for state unemployment benefits dropped by 26,000 to a seasonally adjusted 350,000 for the week ended July 7, … Continue reading →

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USD/JPY: Yen rose as BoJ refrained from interest rate cut, trading flat this morning

Posted on July 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.40% against the JPY and closed at 79.32. The Yen rose after Bank of Japan (BoJ) kept rates between zero and 0.1%, and offered up no major policy moves. Simultaneously, the … Continue reading →

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GBP/USD: Pound steady in the Asian session

Posted on July 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5431. The Office for Budget Responsibility on Thursday stated that the UK fiscal position is unsustainable if the government absorbs national income simply to … Continue reading →

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