USD/JPY: Yen drifting lower this morning amid BoJ easing speculation

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.45% against the JPY and closed at 79.03. The Yen advanced, after Japan’s government on Friday raised its economic assessment for the first time in nine months. In Japan, … Continue reading →

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GBP/USD: Pound trading higher after house prices in the UK rose in May

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.25% against the USD and closed at 1.5828. Earlier, GBP had come under pressure, after Bank of England policymaker, Adam Posen, stated that he may have been premature in … Continue reading →

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EUR/USD: Euro cementing gains this morning after G-8 meeting

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.68% against the USD and closed at 1.2782, after an opinion poll in Greece on Friday, indicated that pro-bailout party, New Democracy was leading the polls ahead of fresh … Continue reading →

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AUD/USD: Aussie fell on rising risk aversion

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.31% against the USD to close at 0.9890, as risk aversion increased among investors, after Moody’s Investors Service cut the credit ratings of 16 Spanish banks and Greece was downgraded by … Continue reading →

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USD/CAD: Loonie slips after weak US data, Canadian CPI awaited

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.69% against the CAD to close at 1.0191. The Canadian Dollar came under pressure after the release of unexpectedly weak economic data in the nation’s biggest trade partner, the US. In … Continue reading →

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USD/CHF: Swissy holds on to yesterday’s gains

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.22% against the CHF and closed at 0.9461. In the Asian session, at GMT0300, the pair is trading at 0.9467, with the USD trading 0.06% higher from yesterday’s close. The pair … Continue reading →

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USD/JPY: Pair trading below its MA’s

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.25% against the JPY and closed at 79.38, amid a stronger than expected Japanese industrial production data, coupled with the weaker- than-expected economic reports from the US. The Yen rose after … Continue reading →

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GBP/USD: GBP down amid fading risk appetite

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.80% against the USD and closed at 1.5788, as concerns that Europe’s debt crisis would worsen amid Greece’s political turmoil, dampened risk appetite. The UK Prime Minister, David Cameron in a … Continue reading →

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EUR/USD: Euro weighed down as Fitch downgrades Greece and amid rise in Spanish borrowing cost

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.2695, after Fitch downgraded Greece’s credit rating by one notch, while Moody’s lowered debt ratings of 16 Spanish banks. Rating agency, Fitch, downgraded Greece’s … Continue reading →

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

Posted on May 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.16% against the USD to close at 0.9921, as risk aversion increased amid deepening turmoil in Greece and fears of contagion to other Euro-zone economies. LME Copper prices declined 1.8% or … Continue reading →

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USD/CAD: Trading above its MA’s

Posted on May 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.53% against the CAD to close at 1.0121. The Loonie fell as increased risk aversion among investors’ overweighed positive manufacturing sales data in Canada. Yesterday, manufacturing shipments in Canada rose 1.9% … Continue reading →

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