USD/JPY: Yen trading flat ahead of GDP data in Japan

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.78% against the JPY and closed at 79.36. In the US, Federal Reserve in its Beige book economic survey stated that the US economy grew moderately in most regions of the … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound trading steady ahead of BoE interest rate decision

Posted on June 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.68% against the USD and closed at 1.5484. In the UK, construction purchasing manager index fell to 54.4 in May compared to a reading of 55.8 in April. In the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro rose on ECB support promise, tad lower this morning

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.94% against the USD and closed at 1.2570, after European Central Bank (ECB) President, Mario Draghi stated the ECB stands ready to act if the economy slips lower. Yesterday, ECB kept … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Australian Dollar rises on firmer GDP growth data

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.26% against the USD to close at 0.9757. Yesterday, Reserve Bank of Australia (RBA) slashed its key interest rate by 0.25% to 3.50%, in line with the market expectation. In the … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian Dollar rises on BoC outlook

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.12% against the CAD to close at 1.0380. The Canadian Dollar advanced after the Bank of Canada (BoC) kept its benchmark overnight rate target unchanged at 1.0%, and stated that it … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc gaining strength in the Asian session against the US Dollar

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.42% against the CHF and closed at 0.9645. In the Asian session, at GMT0300, the pair is trading at 0.9618, with the USD trading 0.28% lower from yesterday’s close. The pair … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Greenback advanced as ISM data exceeds expectation ‎

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 78.75, following stronger-than-expected US services data. The Institute for Supply Management (ISM) reported that its non-manufacturing index in the US rose to a reading … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: British Pound trading higher in the Asian session

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5380. In the Asian session, at GMT0300, the pair is trading at 1.5415, with the GBP trading 0.23% higher from yesterday’s close. This morning, … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro trading higher ahead of ECB rate decision

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.42% against the USD and closed at 1.2452, on growing concerns that high borrowing cost in Spain are closing the door to the country’s access to credit and following weak economic … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie lower this morning on weak China PMI report

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 0.9723. LME Copper prices declined 0.3% or $26.0/MT to $ 7516.5/ MT. Aluminium prices declined 0.8% or $16.0/MT to $ 1973.3/ MT. In the … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie down ahead of Canadian GDP report

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 1.0329. In Canada, current account deficit widened less-than-expected to C$10.3 billion in the first quarter of 2012, against the market expectation of C$10.9 billion … Continue reading →

Posted in USD/CAD | Leave a comment