USD/CAD: Canadian Dollar extends its gains in the Asian session

Posted on March 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CAD to close at 0.9983. On the economic news, Consumer Price Index in Canada rose to 2.6% (YoY) in February, following an increase of 2.5% in January. Meanwhile, … Continue reading →

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USD/CHF: Swiss Franc spikes as central bank lifts growth forecast, trading lower this morning

Posted on March 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.62% against the CHF and closed at 0.9079. Swiss Franc was boosted, after the Swiss National Bank stated that it expects a moderate economic growth of close to 1.0% … Continue reading →

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USD/JPY: Yen backpedals in the Asian session

Posted on March 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.27% against the JPY and closed at 82.39. Atlanta Federal Reserve (Fed) Bank President, Dennis Lockhart, has stated that the US economic recovery is gaining momentum, despite a weak … Continue reading →

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GBP/USD: Pair trading between its MA’s

Posted on March 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.39% against the USD and closed at 1.5877. The Bank of England policymaker, Martin Weale, has stated that the UK’s economy looks likely to have expanded in the first … Continue reading →

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EUR/USD: Euro rose on prospects of bigger rescue fund, drifting lower this morning

Posted on March 26, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.56% against the USD and closed at 1.3271, following reports that Euro-zone Finance Ministers are moving closer to agreeing a combined rescue fund of around €700 billion next week … Continue reading →

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AUD/USD: Aussie edged down as risk appetite faded, trading higher this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.52% against the USD to close at 1.0394 on broad dollar strength. In the Asian session, at GMT0400, the pair is trading at 1.0404, with the AUD trading 0.10% higher from … Continue reading →

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USD/CAD: Canadian Dollar declines to parity amid global growth concerns

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9994, as weak manufacturing data in Euro-zone and China rekindled concerns over global growth and reduced the appetite for higher-yielding assets. Additionally, less-than-expected rise … Continue reading →

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USD/CHF: Swiss trade surplus widens unexpectedly in February; Pair trading lower this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9136. On the economic front, Swiss trade surplus widened to CHF2.7 billion in February, compared to CHF1.5 billion in January and against the market … Continue reading →

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USD/JPY: Yen gives up some gains in the Asian session

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.01% against the JPY and closed at 82.62. The President of the Dallas Fed, Richard Fisher, has indicated that he will not support another round of quantitative easing as the economy … Continue reading →

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GBP/USD: Pound slipped as decline in UK retail sales exceeds expectation, trading steady this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.32% against the USD and closed at 1.5815, after more-than-expected drop in the UK retail sales. On a seasonally adjusted basis, retail sales dropped 0.8% (MoM) in February, against the market … Continue reading →

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EUR/USD: Euro fell on series of weak economic data; trading higher this morning

Posted on March 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.3197, after series of weak economic data from the Euro-zone. In Euro-zone, the preliminary manufacturing Purchasing Managers’ Index (PMI) fell to a reading of … Continue reading →

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