EUR/USD: Euro cementing gains this morning ahead of key EU summit

Posted on June 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.2474, as hopes that European leaders would make progress on dealing with the debt crisis in the Euro area faded, after German Chancellor, Angela … Continue reading →

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GBP/USD: Sterling continues its northward journey in the Asian session

Posted on June 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.5633. In economic news, public sector net borrowing in the UK rose to £15.6 billion in May, from a revised surplus of £19.9 billion … Continue reading →

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USD/JPY: Yen gaining strength this morning ahead of Japan PMI & retail sales data

Posted on June 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.18% against the JPY and closed at 79.50. In Japan, small business confidence fell to 46.2 in June, compared to a reading of 47.2 in May. In the Asian session, at … Continue reading →

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EUR/USD: Rising borrowing costs pushed Euro lower; trading higher this morning

Posted on June 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.2491, as the Spanish and Italian government bond auctions resulted in higher borrowing costs and following continued worries over the European Union (EU) summit … Continue reading →

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AUD/USD: Aussie extends its gain this morning

Posted on June 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.49% against the USD to close at 1.0057, amid hopes that Reserve Bank of Australia (RBA) policy makers would keep the key rate unchanged in the next meeting. Meanwhile, in the … Continue reading →

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USD/CAD: Loonie continues its upward journey in the Asian session

Posted on June 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD to close at 1.0243. In the Asian session, at GMT0300, the pair is trading at 1.0241, with the USD trading 0.02% lower from yesterday’s close. The pair … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning

Posted on June 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CHF and closed at 0.9615. The Swiss Franc came under pressure after the consumption indicator in Switzerland fell to a reading of 1.05 in May, following a revised … Continue reading →

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AUD/USD: Aussie trading above its parity

Posted on June 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.37% against the USD to close at 1.0008. LME Copper prices rose 0.3% or $22.8/MT to $7342.3/ MT. Aluminium prices declined 0.4% or $6.5/MT to $1816.8/ MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie fell on risk aversion, cementing gains this morning

Posted on June 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 1.0288, amid risk aversion among investors following concern that a European Union (EU) summit this week would not lead to decisive measures to end … Continue reading →

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USD/CHF: Swissy trading between its MA’s

Posted on June 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9605. In the US, new home sales rose sharply by 7.9% to a seasonally adjusted 369,000 units in May, making it the highest rate … Continue reading →

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USD/JPY: Greenback gaining strength this morning after yesterday’s sharp fall

Posted on June 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.07% against the JPY and closed at 79.64. In the Asian session, at GMT0300, the pair is trading at 79.68, with the USD trading 0.05% higher from yesterday’s close. This morning, … Continue reading →

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