USD/JPY: Yen higher on positive economic data from Japan

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.67% against the JPY and closed at 82.40, as speculation that Japanese companies are repatriating overseas earnings before fiscal year-end on March 31 boosted the Yen. Yesterday, rating agency, Fitch, lowered … Continue reading →

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GBP/USD: Pound continues to trade higher in Asian session

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.5956. On the economic front, mortgage approvals in the UK fell to 48,986 in February, from 57,899 in January, while consumer credit in the … Continue reading →

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EUR/USD: Euro fell on Euro-zone debt concerns, trading higher ahead of EU summit

Posted on March 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.3303, as concern over economic recovery resurfaced after weak economic data from the Euro-zone. Additionally, the Head of sovereign ratings at Standard & Poor’s, … Continue reading →

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GBP/USD: Pound slipped after UK growth revised down, trading higher this morning

Posted on March 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5891, after the UK Office for National Statistics revised down its estimate of fourth-quarter Gross Domestic Product to show a quarterly contraction of 0.3% … Continue reading →

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EUR/USD: Euro trading higher this morning, investors awaits German unemployment report

Posted on March 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.3319% against the USD and closed at 1.3319, after European Central Bank policymaker and the President of the Bundesbank, Jens Weidmann, stated that raising the Euro-zone’s rescue fund will only end … Continue reading →

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AUD/USD: Aussie continues to drift lower this morning

Posted on March 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.55% against the USD to close at 1.0391. In the Asian session, at GMT0300, the pair is trading at 1.0366, with the AUD trading 0.24% lower from yesterday’s close. Data released … Continue reading →

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USD/CAD: Hovering near Parity

Posted on March 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 0.9982. The Canadian dollar fell on the reports that the durable goods demand in the US, its biggest trading, rose less-than-expected in January. Decline … Continue reading →

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USD/CHF: Trading in tight range

Posted on March 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.03% against the CHF and closed at 0.9050. In the Asian session, at GMT0300, the pair is trading at 0.9047, with the USD trading 0.03% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen firms on year-end repatriation, upbeat retail sales data in Japan

Posted on March 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 82.96% against the JPY and closed at 82.96. The Yen rose amid seasonal buying from Japanese exporters ahead of the end of their financial year. Additionally, weaker-than-expected US durable goods orders … Continue reading →

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EUR/USD: EUR fell on poor German consumer confidence data, trading higher this morning

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.24% against the USD and closed at 1.3324, after Bank of Spain stated that nation’s economy has skidded back into recession and amid disappointing consumer confidence data in Germany. The Gfk … Continue reading →

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GBP/USD: Pound trading higher this morning, Investors await UK GDP data

Posted on March 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.5954. On the economic front, the Confederation of British Industry (CBI) in its Distributive Trades Survey indicated that the retail sales balance in the … Continue reading →

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