USD/JPY: Yen trading lower amid poor economic data from Japan

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.35% against the JPY and closed at 79.63. In Japan, the leading index rose to a reading of 95.9 in May, from a revised reading of 95.6 in April, … Continue reading →

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GBP/USD: Pound trading steady in the Asian session

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.17% against the USD and closed at 1.5492. In the UK, the output producer price index rose 2.3% (YoY) in June, compared to a 2.9% rise in May. However, … Continue reading →

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EUR/USD: Euro fell on risk aversion, trading flat this morning

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.78% against the USD and closed at 1.2291, as risk aversion grew among investors following weak US jobs data and political disparity among Euro-zone nations. The US Bureau of … Continue reading →

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AUD/USD: Aussie gives up yesterday’s gains in the Asian session

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.06% against the USD to close at 1.0277. In China, the People’s Bank of China surprisingly cut its main lending rate to 6.00% and reduced its deposit rate to 3.00%, stating … Continue reading →

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USD/CAD: Loonie trading lower; a series of Canadian economic data awaited today

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CAD to close at 1.0147. In the Asian session, at GMT0300, the pair is trading at 1.0153, with the USD trading 0.06% higher from yesterday’s close. The pair … Continue reading →

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USD/CHF: Swiss Franc lower ahead of CPI data in Switzerland

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.11% against the CHF and closed at 0.9697. In the US, applications for initial jobless benefits fell more-than-expected to 374,000 for the week ended June 30. Economist had expected jobless claims … Continue reading →

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USD/JPY: Witnessing flat trading in the Asian session

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 79.91. The Institute for Supply Management (ISM) reported that its Non-Manufacturing Index in the US fell to a reading of 52.1 in June, its … Continue reading →

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GBP/USD: BoE injects £50 billion to boost UK economy; trading steady this morning

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.46% against the USD and closed at 1.5519. The Bank of England (BoE), in its Monetary Policy meeting, voted to raise asset purchase target to £375 billion by injecting £50 billion … Continue reading →

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EUR/USD: Euro down after ECB cuts rates

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.2388, after the European Central Bank (ECB) President, Mario Draghi, cautioned that downside risks to Euro-region growth are materializing. Yesterday, ECB also cut its … Continue reading →

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AUD/USD: Aussie trading lower after Australian trade deficit widened in May

Posted on July 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0271. LME Copper prices declined 1.1% or $82.3/MT to $7695.3/ MT. Aluminium prices rose 1.0% or $19.3/MT to $1.0%/ MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian Dollar declines as crude oil prices retreats

Posted on July 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CAD to close at 1.0133. The Canadian Dollar came under pressure after crude oil, nation’s biggest export, fell more than 1.0% yesterday. In the Asian session, at GMT0300, … Continue reading →

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