GBP/USD: GDP contraction pushed Sterling lower yesterday, recouping losses in Asian session

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.08% against the USD and closed at 1.5516, after National Institute of Economic Research (NIESR) reported that the UK gross domestic product (GDP) fell 0.2% (QoQ) in June. Adding to the … Continue reading →

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EUR/USD: EU eases Spain’s tensions; Greece under pressure again

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.51% against the USD and closed at 1.2251, as investors questioned whether the latest agreement by European leaders to aid Spanish banks would resolve nation’s debt problems and as German court … Continue reading →

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AUD/USD: Aussie down as Australia business confidence weakens

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.04% against the USD to close at 1.0209. LME Copper prices declined 1.0% or $77.3/MT to $7520.3/ MT. Aluminium prices declined 0.6% or $11.3/MT to $1876.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian Dollar trading lower this morning

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 1.0197. Yesterday, the Bank of Canada’s quarterly Senior Loan Officer Survey indicated that the overall business-lending conditions in Canada eased to a reading of … Continue reading →

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USD/CHF: Swiss unemployment rate stable in June; Swiss Franc trading lower this morning

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CHF and closed at 0.9748. On the data front, State Secretariat for Economic Affairs (SECO) reported that, on seasonally adjusted basis, Swiss unemployment rate remained stable at 2.9% … Continue reading →

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USD/JPY: Yen continues to strengthen

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.10% against the JPY and closed at 79.57. In Japan, the Eco Watchers’ survey current conditions index declined to 43.8 in June, from 47.2 in May. Meanwhile, the outlook index fell … Continue reading →

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GBP/USD: Pound trading lower following disappointing economic data in the UK

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5528. In the Asian session, at GMT0300, the pair is trading at 1.5505, with the GBP trading 0.15% lower from yesterday’s close, after RICS … Continue reading →

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EUR/USD: Euro slips, Euro-zone meeting offers no positive surprises

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.2321, amid optimism that Euro-zone finance ministers meeting to discuss “breakthrough” measures for ailing Spanish bank would calm regions debt crises. The Euro received … Continue reading →

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AUD/USD: Aussie fell on Chinese growth concern

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.55% against the USD to close at 1.0220. LME Copper prices declined 2.1% or $163.5/MT to $7597.5/ MT. Aluminium prices declined 1.4% or $26.8/MT to $1887.5/ MT. Over the … Continue reading →

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USD/CAD: Loonie fell on weak Canadian PMI data

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.35% against the CAD to close at 1.0183, after data showed that Canadian purchasing activity unexpectedly contracted in June. In Canada, Ivey purchasing managers index (PMI) on a seasonally … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Switzerland unemployment rate

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.77% against the CHF and closed at 0.9772. In Switzerland, consumer price index fell 1.1% (YoY) in June, against the market expectation of 1.0% fall. Meanwhile, Swiss Economy Minister, … Continue reading →

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