EUR/USD: EURUSD drops to fresh 2-year low; Moody’s downgraded Italy’s government bond

Posted on July 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.2208, amid risk aversion among investors after European Central Bank (ECB) stated that the economic outlook remain weak in the Euro-zone. Adding to the … Continue reading →

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AUD/USD: Aussie trading lower on disappointing employment data

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0244. LME Copper prices rose 0.4% or $30.3/MT to $7525.3/ MT. Aluminium prices rose 0.9% or $17.3/MT to $1872.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: Widening Canadian trade deficit weighed on Loonie, trading higher this morning

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CAD to close at 1.0194. The Loonie came under pressure after Canadian international merchandise trade deficit widened more-than-expected to $0.79 billion in May compared to a deficit of … Continue reading →

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USD/CHF: Trading above its MA’s

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9808, after the US Federal Reserve released the minutes of its latest monetary policy meeting that showed no new inclination to stimulate the US … Continue reading →

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USD/JPY: Yen trading higher ahead of BoJ interest rate decision

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 79.64. In the US, trade deficit narrowed to $48.7 billion in May, from $50.6 billion in April. Separately, MBA mortgage applications decreased 2.1% for … Continue reading →

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GBP/USD: Tad higher this morning

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.5507. In the Asian session, at GMT0300, the pair is trading at 1.5510, with the GBP trading marginally higher from yesterday’s close. The pair … Continue reading →

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EUR/USD: Greenback strengthened as Fed Minutes shows no sign of further easing

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2245. The greenback rose after Federal Reserve in its minutes of its latest monetary policy meeting gave no hint to stimulate the US economy, … Continue reading →

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AUD/USD: Aussie higher on strong consumer confidence data

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0183. Yesterday, the Chinese Premier, Wen Jiabao, stated that the stabilising growth was a “top priority” and authorities would encourage more investment in China. … Continue reading →

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USD/CAD: Loonie declined amid falling oil prices; trading higher this morning

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.31% against the CAD to close at 1.0229. The Loonie came under pressure after oil prices, its biggest export, fell more than 1%, yesterday. In Canada, on a seasonally adjusted basis, … Continue reading →

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USD/CHF: Swiss Franc cementing gains in the Asian session

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.9803. Late yesterday, the Fitch Ratings affirmed its triple-A rating on the US but stated that the outlook remains negative, noting risks related to … Continue reading →

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USD/JPY: Yen trading higher

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.20% against the JPY and closed at 79.41. The Yen fell after the consumer confidence index in Japan fell to 40.4 in June, compared to 40.7 in May. In the Asian … Continue reading →

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