GBP/USD: Pound slips as UK inflation slows unexpectedly

Posted on May 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.36% against the USD and closed at 1.5769, after the UK annual inflation slowed more-than-expected in April and reached the lowest since February 2010, raising the possibility of a new round … Continue reading →

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EUR/USD: Euro trading lower on caution ahead of EU summit‎

Posted on May 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.04% against the USD and closed at 1.2677, amid growing concerns over the issues of Greece & Spain’s debt problems. Euro came under pressure, after former Greek Prime Minister, Lucas Papademos, … Continue reading →

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AUD/USD: Aussie gives up some gains in the Asian session

Posted on May 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.09% against the USD to close at 0.9912. LME Copper prices rose 0.1% or $4.8/MT to $ 7800.0/ MT. Aluminium prices declined 0.6% or $12.5/MT to $ 2003.8/ MT. In the … Continue reading →

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USD/CAD: Canadian Dollar gaining strength in the Asian session

Posted on May 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.51% against the CAD to close at 1.0175. The Atlanta Federal Reserve Bank President, Dennis Lockhart stated that “sustained monetary accommodation” is appropriate in order to keep the US economic recovery … Continue reading →

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USD/CHF: Swiss Franc rose on Switzerland consumer confidence data, trading lower this morning

Posted on May 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9376. The Swiss Franc rose after consumer confidence in Switzerland rose more-than-expected to -8.0 in the three months to April, following a reading of … Continue reading →

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USD/JPY: Yen extends losses on increasing speculation of BoJ easing

Posted on May 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.28% against the JPY and closed at 79.34. The Yen weakened amid speculation that Bank of Japan (BoJ) would add to stimulus measures this week to support growth and weaken the … Continue reading →

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GBP/USD: Pound loses steam this morning after rising yesterday

Posted on May 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5826, after a member of the Bank of England’s regulatory body, Michael Cohrs, stated that UK banks are strong enough to withstand a Greek … Continue reading →

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EUR/USD: Euro trading lower ahead of consumer confidence data in the Euro-zone

Posted on May 22, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.48% against the USD and closed at 1.2811, amid hopes that Greece would remain in the Euro-zone after world leaders continued to voice support to keep Greece in the Euro-zone. Euro … Continue reading →

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AUD/USD: Aussie gaining strength this morning after Friday’s sharp fall

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.72% against the USD to close at 0.9819. On Friday, the Australian Prime Minister, Julia Gillard, affirmed that the nation has come out of the global financial crisis strongly, … Continue reading →

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USD/CAD: Pair trading above its MA’s

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.15% against the CAD to close at 1.0206. In Canada, consumer prices rose 2.0% (YoY) in April, compared to a rise of 1.9% in March. In the Asian session, … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of SECO consumer confidence data

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.68% against the CHF and closed at 0.9397. In the Asian session, at GMT0300, the pair is trading at 0.9388, with the USD trading 0.09% lower from Friday’s close. … Continue reading →

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