GBP/USD: Risk appetite supports the British Pound in the Asian session

Posted on June 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.37% against the USD and closed at 1.5469. In the UK, the output producer price inflation eased to 2.8% (YoY) in May, from a revised rate of 3.2% in … Continue reading →

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EUR/USD: Euro trading higher this morning as investors cheers Spain bank aid

Posted on June 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.49% against the USD and closed at 1.2507, as dismal economic data from Germany and Italy added to Euro-zone recession concerns. The Euro took a hit, after Italian industrial … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on June 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.05% against the USD to close at 0.9906. Yesterday, the People’s Bank of China reduced the one-year loan rate by a quarter point to 6.31%, effective from 8 June. The one-year … Continue reading →

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USD/CAD: Loonie rose as Canada’s Ivey PMI index surges in May, trading lower this morning

Posted on June 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 1.0274, amid positive economic data from Canada. The Ivey purchasing managers index in Canada rose to a reading of 60.5 in May, against the … Continue reading →

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USD/CHF: Greenback gaining strength against Swiss Franc this morning

Posted on June 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9556. On the Swiss economic front, consumer price inflation remained flat in May, missing market expectations for a modest increase. Meanwhile, nation’s unemployment rate … Continue reading →

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USD/JPY: Yen up as Japan posts strong 1Q GDP growth

Posted on June 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.38% against the JPY and closed at 79.66, after Federal Reserve Chairman, Ben Bernanke, refrained from signaling additional steps the central bank might take to spur growth, during congressional testimony. In … Continue reading →

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GBP/USD: Pound rose as BoE keeps stimulus on hold

Posted on June 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5527. In economic news, the Bank of England (BoE) kept interest rates at a record-low 0.50% and refrained from altering its stimulus policy by … Continue reading →

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EUR/USD: Euro down as Fitch downgrades Spain with 3-notches

Posted on June 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2569. The Euro came under pressure, after ratings agency, Fitch, downgraded Spain’s credit rating by three notches to ‘BBB’ from ‘A’, with a negative … Continue reading →

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AUD/USD: Aussie spiked on upbeat employment data in Australia

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.58% against the USD to close at 0.9911. LME Copper prices rose 1.3% or $95.3/MT to $7459.3/ MT. Aluminium prices rose 0.4% or $8.3/MT to $1944.8/ MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading higher this morning; Investors awaits Ivey PMI data in Canada

Posted on June 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.95% against the CAD to close at 1.0281, amid speculation of more monetary stimulus from the US central bank. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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USD/CHF: Swiss KOF lifts nation’s 2012 growth outlook

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.94% against the CHF and closed at 0.9555. The Swiss Franc advanced after a survey of KOF economic experts indicated that the Swiss economy is likely to grow 1.0% in 2012, … Continue reading →

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