USD/JPY: Yen trading lower amid speculation of monetary easing

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.77% against the JPY and closed at 80.99. Yen came under pressure, after industrial production in Japan dropped 1.6% (MoM) in February, compared to the preliminary reading of a 1.8% … Continue reading →

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GBP/USD: Pound rose on positive UK CPI data

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.5932, after UK consumer prices rose in March, diminishing expectations for more easing from the Bank of England. On an annual basis, Consumer … Continue reading →

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EUR/USD: Spanish debt concerns continue to weigh on Euro

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3127, amid persistent fears over Spanish debt woes. Earlier, Spain’s Economy Minister, Luis de Guindos, admitted that the nation is heading towards its … Continue reading →

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AUD/USD: Aussie pressurized, amid RBA policy meeting minutes

Posted on April 17, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0360. In the Asian session, at GMT0300, the pair is trading at 1.0336, with the AUD trading 0.23% lower from yesterday’s close, after … Continue reading →

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USD/CAD: Canadian Dollar trading at parity this morning

Posted on April 17, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 0.9997. In the Asian session, at GMT0300, the pair is trading at 1.0000, with the USD trading 0.03% higher from yesterday’s close. The … Continue reading →

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USD/CHF: Swiss Franc rose on broad dollar weakness

Posted on April 17, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.55% against the CHF and closed at 0.9151. In Switzerland, producer and import prices rose 0.3% (MoM) in March, compared to a 0.8% rise in February. Market had expected 0.5% … Continue reading →

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USD/JPY: Awaiting data releases in Japan

Posted on April 17, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD weakened 0.65% against the JPY and closed at 80.37. Aiding the gains in the Yen, Japanese department store sales data for March, released this morning, indicated a significant rebound. The Bank … Continue reading →

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GBP/USD: Pound backpedals this morning after yesterday’s gains

Posted on April 17, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5903. In the Asian session, at GMT0300, the pair is trading at 1.5887, with the GBP trading 0.10% lower from yesterday’s close. The … Continue reading →

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EUR/USD: Euro rally cools off, trading lower in Asian session

Posted on April 17, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3134, as better-than-expected US retail sales data, improved investors’ risk sentiment. In the US, the retail sales rose 0.8% (MoM) in March, compared … Continue reading →

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AUD/USD: Australian Dollar dropped on Chinese GDP figures

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD, on Friday, to close at 1.0365, amid reports that indicated that China’s Gross Domestic Product (GDP) rose less-than-expected in the first quarter of 2012. The GDP … Continue reading →

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USD/CAD: Loonie declined in Friday’ session as less-than-expected Chinese economic growth data spurred demand for greenback

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.35% against the CAD, on Friday, to close at 0.9984, as investors rise appetite was dampened, amid renewed worries about global economic growth, after reports showed less-than-expected Chinese economic growth. … Continue reading →

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