USD/JPY: Yen continues to weaken this morning

Posted on June 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.94% against the JPY and closed at 80.22. The Bank of Japan policy-maker, Koji Ishida stated that the central bank is prepared to take bold action to support the economy when … Continue reading →

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GBP/USD: Sterling trading higher in the Asian session

Posted on June 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD and closed at 1.5597, as global growth concern overweighed the positive data from the UK. In economic news, retail sales in the UK rose more-than-expected by 1.4% … Continue reading →

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EUR/USD: Euro fell on global growth concern; trading higher this morning

Posted on June 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.10% against the USD and closed at 1.2549, as risk aversion rose among investors, after weak economic data from the US, Euro-zone and China heightened fears over the outlook for global … Continue reading →

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USD/JPY: Yen is drifting lower this morning against the greenback

Posted on June 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.53% against the JPY and closed at 79.47. In Japan, the all industry activity index climbed 0.1% (MoM) in April, compared to a 0.3% decline in previous month. Separately, convenience store … Continue reading →

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AUD/USD: Aussie down this morning amid weak China PMI

Posted on June 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.11% against the USD to close at 1.0189. LME Copper prices rose 0.7% or $50.0/MT to $ 7555.3/ MT. Aluminium prices rose 0.1% or $1.0/MT to $1879.3/ MT. In the Asian … Continue reading →

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USD/CAD: Loonie down after dovish tone from Federal Reserve & amid falling oil prices

Posted on June 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 1.0194, as the Federal Reserve cut its estimate for US economic growth to 2.4% for 2012 down from earlier estimate of 2.9% growth. Moreover, … Continue reading →

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USD/CHF: Swiss Franc down ahead of Swiss industrial production & trade balance data

Posted on June 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.03% against the CHF and closed at 0.9466. On the Swiss economic front, the ZEW survey expectations index declined to a reading of -43.4 in June, compared to a reading of … Continue reading →

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GBP/USD: Pound eases after BoE minutes, UK retail sales data awaited

Posted on June 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.5712, after minutes of the Bank of England (BoE) June meeting showed that the four policymakers including BoE governor, Mervyn King, voted to increase … Continue reading →

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EUR/USD: Euro rose amid Greece optimism; trading lower ahead of PMI in Euro-zone

Posted on June 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2689. The Euro rose following news that Greece created a coalition government headed by Antonis Samaras of the New Democracy party. The party formed … Continue reading →

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AUD/USD: Aussie extends gains versus greenback this morning

Posted on June 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.61% against the USD to close at 1.0178. LME Copper prices rose 0.4% or $30.0/MT to $7505.3/ MT. Aluminium prices declined 0.2% or $3.5/MT to $1878.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie drifting slightly lower this morning

Posted on June 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.46% against the CAD to close at 1.0183. In Canada, wholesale sales rose more-than-expected by 1.5% (MoM) in April, surpassing the market expectation of 0.2% rise and 0.3% growth in the … Continue reading →

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