EUR/USD: Euro loses more ground amid Euro-zone uncertainty

Posted on May 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.2536, after dismal Euro- zone economic data sparked fresh concerns over the impact of the crisis on the region’s troubled economy and amid continued … Continue reading →

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AUD/USD: Aussie lower after Chinese PMI disappoints

Posted on May 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 0.9767, as pessimism over the outcome of a summit of European leaders weighed on the investor sentiment. LME Copper prices declined 1.8% or $142.3/MT … Continue reading →

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USD/CAD: Loonie lower as Europe’s debt crisis deters risk-taking

Posted on May 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0241, The Loonie fell as risk aversion increased among investors, after European Union leaders failed to introduce new measures to stem the Euro-zone debt … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of trade balance data in Switzerland

Posted on May 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.9537. Meanwhile, Minneapolis Federal Reserve Bank (Fed) President, Narayana Kocherlakota, reiterated his recent comments that the US was closer to full employment than jobless … Continue reading →

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USD/JPY: Yen strengthens on BoJ inaction, trading flat this morning

Posted on May 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.61% against the JPY and closed at 79.50. The Yen rose after Bank of Japan (BoJ) holdback on further stimulus. Yesterday, Japan’s central bank left interest rates unchanged, as expected, and … Continue reading →

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GBP/USD: Pound declines after BoE Minutes, retail sales data; UK GDP data awaited

Posted on May 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5699, following the release of the Bank of England’s May meeting minutes and after retail sales in the UK fell at their fastest monthly … Continue reading →

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EUR/USD: Euro down on Greek exit concerns

Posted on May 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.66% against the USD and closed at 1.2594, as investor sentiment was dented amid mounting worries over the Greece’s possible exit from the Euro-zone. The European Union leaders at the summit … Continue reading →

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AUD/USD: Aussie down on Europe & China concerns

Posted on May 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.18% against the USD to close at 0.9795. LME Copper prices declined 0.4% or $27.5/MT to $ 7772.5/ MT. Aluminium prices declined 0.4% or $7.5/MT to $ 1996.3/ MT. In the … Continue reading →

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USD/CAD: Risk aversion weighed on Loonie, Canadian retail sales data awaited

Posted on May 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.38% against the CAD to close at 1.0213, as risk aversion increased among investors amid worries of Greece exit from the Euro-zone. Meanwhile, Organization for Economic Co-operation and Development (OECD) stated … Continue reading →

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USD/JPY: Yen plummeted as Fitch downgrades Japan; recoups losses after BoJ leaves policy unchanged

Posted on May 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.82% against the JPY and closed at 79.99. The Yen fell after Fitch Ratings downgraded Japan to ‘A+’ and issued a negative outlook on the country’s credit rating. On the economic … Continue reading →

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USD/CHF: Greenback continues to trade higher against the Swiss Franc

Posted on May 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.04% against the CHF and closed at 0.9474, after the release of better than expected US housing data. The National Association of Realtors (NAR) reported that existing home sales in the … Continue reading →

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