USD/JPY: Yen gaining strength after Japan’s industrial production beats market expectation

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 80.51. In the Asian session, at GMT0400, the pair is trading at 80.47, with the USD trading 0.05% lower from yesterday’s close. The Yen … Continue reading →

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GBP/USD: GBP higher on upbeat UK retail sales; UK consumer confidence remains at highest level since June

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.45% against the USD and closed at 1.5900. The Confederation of British Industry (CBI) in its Distributive Trades Survey reported that the retail sales balance in the UK climbed to -2.0 … Continue reading →

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EUR/USD: Euro cementing gains ahead of ECB lending operation

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.45% against the USD and closed at 1.3461, on optimism over the European Central Bank’s (ECB) allotment of three-year loans to banks later today. Additionally, EUR received support after Italy sold … Continue reading →

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AUD/USD: Aussie continues to zoom higher this morning

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.48% against the USD to close at 1.0756. In the Asian session, at GMT0400, the pair is trading at 1.0772, with the AUD trading 0.16% higher from yesterday’s close. LME Copper … Continue reading →

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USD/CAD: Canadian dollar trading higher in the Asian session

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9983. The Canadian dollar rose, buoyed by the release of positive US economic data, raising hopes of stronger growth by Canada’s largest trading partner. … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.52% against the CHF and closed at 0.8994. In the US, the Federal Reserve Bank of Dallas in its Texas manufacturing outlook survey reported that its General Business Activity Index climbed … Continue reading →

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USD/JPY: Yen up as retail sales unexpectedly rise in Japan

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.25% against the JPY and closed at 80.51. In the Asian session, at GMT0400, the pair is trading at 80.20, with the USD trading 0.38% lower from yesterday’s close. Yen is … Continue reading →

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GBP/USD: Recouping yesterday’s losses this morning

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5829. Chancellor of the Exchequer, George Osborne, stated that he would not borrow money to fund tax cuts or increase spending in the 2012 … Continue reading →

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EUR/USD: Euro fell as S&P lowers Greek ratings, trading higher this morning

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.3400, after Standard & Poor’s lowered Greece long-term ratings to “selective default”. Further depressing the sentiment, the Moody’s Investors Service stated that Greek default … Continue reading →

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GBP/USD: Sterling is trading lower in the Asian session, after Friday’s rise

Posted on February 27, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, GBP rose 0.88% against the USD and closed at 1.5886. Data released in the UK showed that on a sequential basis, the Gross Domestic Product (GDP) fell 0.2% in the fourth-quarter … Continue reading →

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EUR/USD: Euro up on LTRO optimism

Posted on February 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.64% against the USD on Friday, and closed at 1.3458, ahead of the ECB’s second three-year long-term refinancing operation (LTRO) scheduled for February 29, in which it would lend up to … Continue reading →

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