EUR/USD: Euro advanced after retail sales in EU recovered unexpectedly, trading lower this morning

Posted on March 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.17% against the USD and closed at 1.3215, after Euro-zone retail sales advanced unexpectedly in January after easing for four consecutive months. In economic news, retail sales in the Euro-zone unexpectedly … Continue reading →

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USD/CHF: Swiss Franc tad higher ahead of Switzerland retail sales release

Posted on March 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.94% against the CHF and closed at 0.9141. In the Asian session, at GMT0400, the pair is trading at 0.9140, with the USD trading marginally lower from Friday’s close. … Continue reading →

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USD/CAD: Canada GDP growth slows to 1.8% in 4Q; Pair trading higher this morning

Posted on March 5, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD rose 0.37% against the CAD to close at 0.9891. On the economic front, Gross Domestic Product (GDP) grew 1.8% (YoY) in the fourth quarter of 2011, compared to the revised … Continue reading →

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USD/JPY: Yen appreciating against the US dollar in the Asians session

Posted on March 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.74% against the JPY on Friday and closed at 81.75. In the US, the Federal Reserve Bank of San Francisco President, John Williams, stated that the central bank should “keep applying … Continue reading →

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GBP/USD: Sterling drifting lower this morning after BCC lowered UK growth forecast

Posted on March 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD on Friday and closed at 1.5842. In the UK, the construction Purchasing Managers’ Index (PMI) climbed unexpectedly to a reading of 54.3 in February, from a reading … Continue reading →

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EUR/USD: Euro declined on persistent sovereign debt concerns, trading steady this morning

Posted on March 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.93% against the USD on Friday and closed at 1.3193, after weak German retail sales data and disappointing news from Spain. In Spain, unemployment reached 4.7 million in February, an increase … Continue reading →

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AUD/USD: AUD trading lower on weak Australian economic data, Chinese Premier statement

Posted on March 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.69% against the USD to close at 1.0733. In the Asian session, at GMT0400, the pair is trading at 1.0711, with the AUD trading 0.21% lower from Friday’s close, … Continue reading →

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AUD/USD: Aussie gives up some gains in the Asian session

Posted on March 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.65% against the USD to close at 1.0808. In the Asian session, at GMT0400, the pair is trading at 1.0788, with the AUD trading 0.19% lower from yesterday’s close. LME … Continue reading →

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USD/CAD: Loonie rose on Canadian economic data, oil prices; clawing back its yesterday’s gain

Posted on March 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.37% against the CAD to close at 0.9854. Loonie rose against the US dollar yesterday, amid release of positive Canadian economic data. Also, a rise in crude oil prices supported … Continue reading →

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USD/CHF: Swiss economy avoids contraction in Q4‎, Swiss Franc continues to trade lower

Posted on March 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.14% against the CHF and closed at 0.9056. In Switzerland, the Gross Domestic Product (GDP) rose 1.3% (YoY) in the fourth quarter of 2011, in comparison with 1.6% rise in … Continue reading →

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USD/JPY: Pair trading above its MA’s

Posted on March 2, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD weakened 0.20% against the JPY and closed at 81.15. In the Asian session, at GMT0400, the pair is trading at 81.47, with the USD trading 0.40% higher from yesterday’s close. In … Continue reading →

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