USD/CHF: Swiss Franc fell on weak economic sentiment data, trading higher this morning

Posted on May 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CHF and closed at 0.9441. The Swiss Franc came under pressure after data showed that economic sentiment in Switzerland deteriorated in May. Yesterday, the Centre for European Economic … Continue reading →

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USD/JPY: Yen gaining strength as Japan GDP jumps 4.1% surpassing expectation

Posted on May 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY and closed at 80.38. In the Asian session, at GMT0300, the pair is trading at 80.30, with the USD trading 0.10% lower from yesterday’s close. The Yen … Continue reading →

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GBP/USD: Pound tumbles as BoE cuts forecasts, steady this morning

Posted on May 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.48% against the USD and closed at 1.5916, after Bank of England (BoE) cut the UK growth forecast for 2012 and expected inflation to stay above target for a year. The … Continue reading →

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EUR/USD: Trading higher this morning

Posted on May 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.2721, as rising concern that Greece might be expelled from the Euro bloc overshadowed better-than-expected French and German bond auctions. The Euro also came … Continue reading →

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AUD/USD: Increased risk aversion weighs on the Aussie Dollar

Posted on May 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.34% against the USD to close at 0.9936, as Greece’s failure to form a new government raised speculation that it may leave the Euro-zone, reducing demand for riskier assets. In the … Continue reading →

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USD/CAD: Losses in the Canadian Dollar continues in morning session

Posted on May 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.41% against the CAD to close at 1.0068, as risk aversion rose among investors following political turmoil in Greece. Initially, the Canadian Dollar rose after existing home sales in Canada rose … Continue reading →

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USD/JPY: Yen trading lower after Japan machine orders declined in March; Japan GDP data awaited

Posted on May 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 80.23. On the economic front, consumer confidence index, in Japan, dropped slightly to a reading of 40.0 in April, from a reading of 40.3 … Continue reading →

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USD/CHF: US dollar continues its rising trend

Posted on May 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.73% against the CHF and closed at 0.9431. In the US, advance retail sales rose 0.1% in April, compared to a 0.7% growth in March, making it slowest pace rise of … Continue reading →

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GBP/USD: Continues to lose steam in the Asian session

Posted on May 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.67% against the USD and closed at 1.5993, after goods trade deficit in the UK narrowed to £8.56 billion in March, from £8.59 billion in February. Economists had expected the goods … Continue reading →

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EUR/USD: Concerns over Grexit continues to weigh on the Euro

Posted on May 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.72% against the USD and closed at 1.2737, after Greece called for a new election as political leaders in the nation failed to form a ruling coalition, raising probability of Greece … Continue reading →

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AUD/USD: Aussie trading lower after RBA minutes

Posted on May 15, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.41% against the USD to close at 0.9970, amid rising fears that Greece may exit from Europe’s currency union, reducing demand for riskier assets. In the Asian session, at GMT0300, the … Continue reading →

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