USD/CHF: Swiss Franc trading lower; Investors awaiting Swiss PMI and retail sales data

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9715. In economic news, the Swiss economy expanded 0.7% (QoQ) in the Q1 FY2012, compared to a 0.5% rise in the Q4 FY2012. In … Continue reading →

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USD/JPY: Yen gives up some gains against the US Dollar in the Asian session

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.91% against the JPY and closed at 78.37. The Yen advanced after housing starts in Japan surged 10.3% (YoY) in April, compared to a 5.0% rise in March. Additionally, construction orders … Continue reading →

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GBP/USD: Pound trading lower this morning; UK PMI data awaited

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.44% against the USD and closed at 1.5405. In economic news, Nationwide Building Society reported that the UK house prices rose 0.3% (MoM) in May, from 0.3% drop in April. Meanwhile, … Continue reading →

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EUR/USD: Euro down amid persisting Euro worries

Posted on June 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2364, amid jitters over the Irish referendum, looming Greek elections and continued worries over Spain’s faltering banking sector. Yesterday, Ireland voted on a key … Continue reading →

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AUD/USD: Marginal gains for the AUD this morning

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.31% against the USD to close at 0.9705, as mounting concerns about the economic situation in Euro-zone dampened the demand for high-yielding assets. LME Copper prices declined 1.9% or $142.8/MT to … Continue reading →

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USD/CAD: Loonie fell on risk aversion & as crude oil slips

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 1.0302, as risk aversion increased among investors following fiscal woes in Italy and Spain. Additionally, falling crude oil prices also weighed on the Canadian … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of GDP report in Switzerland

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.91% against the CHF and closed at 0.9713. In Switzerland, the KOF leading indicator climbed to a reading of 0.81 in May, from a revised reading of 0.43 in April. Market … Continue reading →

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USD/JPY: Yen continues to march northwards in morning session

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.51% against the JPY and closed at 79.09, after the release of weak housing data in the US. The National Association of Realtors (NAR) reported that its pending home sales index … Continue reading →

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GBP/USD: Slight improvement in UK consumer confidence boosts Pound this morning‎

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.02% against the USD and closed at 1.5473, amid rising speculation over additional easing from Bank of England and as concerns surrounding Spanish banking sector propelled traders to move towards safe … Continue reading →

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EUR/USD: Euro slide as Euro-zone turmoil persists

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.91% against the USD and closed at 1.2367, as rising bond yields for Italy and Spain and the latest poll results in Greece, added to fears that the Euro-zone’s debt crisis … Continue reading →

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AUD/USD: Aussie drifting lower after retail sales in Australia fell unexpectedly

Posted on May 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.9834% against the USD to close at 0.9834. LME Copper prices declined 0.7% or $53.8/MT to $7685.3/ MT. Aluminium prices declined 0.1% or $1.0/MT to $1979.3/ MT. In the Asian session, … Continue reading →

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