EUR/USD: Euro higher as Greek Parliament approves second bailout

Posted on March 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.03% against the USD and closed at 1.3237, after Greek Prime Minister, Lucas Papademos, won parliamentary approval for second international bailout package. Meanwhile, the Federal Reserve Chairman, Ben Bernanke stated that … Continue reading →

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AUD/USD: Aussie trading lower in the Asia session

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.02% against the USD to close at 1.0606. In the Asian session, at GMT0400, the pair is trading at 1.0578, with the AUD trading 0.26% lower from yesterday’s close. In economic … Continue reading →

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USD/CAD: Canadian Dollar loses steam in the Asian session

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.39% against the CAD to close at 0.9874. In Canada, wholesale sales unexpectedly fell 1.0% (MoM) in January to C$49.02 billion, making it biggest drop since February 2011. In the Asian … Continue reading →

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USD/CHF: Swiss Franc tad higher ahead of industrial production data in Switzerland

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CHF and closed at 0.9117, after the President of the New York Federal Reserve Bank, William Dudley, stated that despite some positive signs growth is on a firmer … Continue reading →

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USD/JPY: Trading between its MA

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 83.41. In Japan, the department store sales declined 1.8% (YoY) in February, compared to a 3.1% drop in January. In the Asian session, at … Continue reading →

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GBP/USD: Pound trading lower this morning; Consumer prices & retail prices in the UK awaited

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5889, amid mounting expectations that tomorrow’s annual UK budget would contain business-friendly tax adjustments to bolster economic growth. In economic news, Household Finance Index … Continue reading →

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EUR/USD: Euro rose as Greece finalized credit default swap terms

Posted on March 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.40% against the USD and closed at 1.3233, after Greece completed the first phase of auction to determine the payout on credit default swaps. Risk sentiment was further boosted, after the … Continue reading →

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

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.87% against the USD and closed at 1.5841. In the Asian session, at GMT0400, the pair is trading at 1.5843, with the GBP trading 0.01% higher from Friday’s close. … Continue reading →

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USD/CHF: Swiss Franc gives up Friday’s gains

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.82% against the CHF on Friday, and closed at 0.9158. In the Asian session, at GMT0400, the pair is trading at 0.9161, with the USD trading 0.03% higher from Friday’s close. … Continue reading →

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USD/JPY: Yen pulls back versus greenback this morning

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.24% against the JPY and closed at 83.39. On the economic front, the Leading Index in Japan was revised down to a reading of 94.4 in January, following an … Continue reading →

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EUR/USD: Euro edged up on German Chancellor, Angela Merkel comments

Posted on March 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.75% against the USD and closed at 1.3177. Euro rose after comments from German Chancellor, Angela Merkel, that the European officials have discussed combining Euro-area bailout funds to reinforce … Continue reading →

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