AUD/USD: Aussie trading lower on weak Australian GDP and construction activity data

Posted on March 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.10% against the USD to close at 1.0552. In the Asian session, at GMT0400, the pair is trading at 1.0542, with the AUD trading 0.09% lower from yesterday’s close, amid less-than-expected … Continue reading →

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USD/CAD: Loonie approaching parity in the Asian session

Posted on March 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.71% against the CAD to close at 1.0016. On the economic front, Ivey Purchasing Managers Index (PMI) rose to a reading of 66.0 in February, compared to 55.7 in January, since … Continue reading →

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USD/CHF: Swissy trading between its MA’s

Posted on March 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.69% against the CHF and closed at 0.9187. In the Asian session, at GMT0400, the pair is trading at 0.9177, with the USD trading 0.11% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen cementing gains this morning ahead of GDP & trade balance data in Japan

Posted on March 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.95% against the JPY and closed at 80.75. In the Asian session, at GMT0400, the pair is trading at 80.71, with the USD trading 0.04% lower from yesterday’s close. The pair … Continue reading →

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GBP/USD: Shop price inflation declined in the UK; Pair trading higher this morning

Posted on March 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.93% against the USD and closed at 1.5717, after house prices in the UK fell unexpectedly in February, declining for the third time in the past four months. Lloyds Banking Group’s … Continue reading →

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EUR/USD: Euro recouping some of yesterday’s losses this morning

Posted on March 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.75% against the USD and closed at 1.3116, after a news report stated that an Institute of International Finance has warned that Greek default could do €1 trillion ($1.3 trillion) of … Continue reading →

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USD/CHF: Seven month high retail sales pushed Swiss Franc higher; changing its trend in Asian session

Posted on March 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.9125, after the Swiss retail sales increased at the fastest rate in seven months in January. The Swiss Federal Statistical Office reported that in … Continue reading →

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USD/CAD: Loonie trading lower this morning, Canadian PMI data awaited

Posted on March 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.56% against the CAD to close at 0.9946. In the Asian session, at GMT0400, the pair is trading at 0.9960, with the USD trading 0.14% higher from yesterday’s close. The pair … Continue reading →

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AUD/USD: Aussie trading lower as RBA holds rate; Australian current account deficit widens

Posted on March 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.60% against the USD to close at 1.0669. In the Asian session, at GMT0400, the pair is trading at 1.0617, with the AUD trading 0.49% lower from yesterday’s close, following the … Continue reading →

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USD/JPY: Yen firms against dollar in the Asian session

Posted on March 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.27% against the JPY and closed at 81.52. The Director-General of the BoJ’s monetary affairs department, Kazuo Momma, cautioned that setting too high a price goal in a country like Japan, … Continue reading →

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GBP/USD: Sterling is trading lower after BRC survey indicated decline in the UK retail sales

Posted on March 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.5864. Data released in the UK showed that the Purchasing Managers’ Index for the service sector declined to a reading of 53.8 in February, … Continue reading →

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