USD/JPY: Yen trading lower after BoJ expands asset purchases by ¥10 trillion; kept interest rate target unchanged

Posted on February 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 77.45. In economic news, the Gross domestic Product (GDP) fell 2.3% (YoY) in fourth quarter of 2011, compared to an upwardly revised 1.7% expansion … Continue reading →

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GBP/USD: British Pound slips on Moody’s warnings

Posted on February 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.5740, after credit ratings agency, Moody’s put the UK on negative outlook. In the Asian session, at GMT0400, the pair is trading at 1.5715, … Continue reading →

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EUR/USD: Euro down on Greece uncertainty; Moody’s ratings cut

Posted on February 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.70% against the USD and closed at 1.3167, amid concerns that the obstacles are still in the way for Greece to secure a second bailout from its creditors. Even though Greek … Continue reading →

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AUD/USD: AUD trading higher this morning

Posted on February 13, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, AUD weakened 1.07% against the USD to close at 1.0664, after the Reserve Bank of Australia lowered its growth forecasts to 3.5% from 4.0% for the year ending June 2012, raising … Continue reading →

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USD/CAD: Loonie higher on higher risk appetite

Posted on February 13, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD rose 0.73% against the CAD to close at 1.0024. In economic news, the trade surplus in Canada widened to C$2.7 billion in December, compared to a surplus of C$1.2 billion … Continue reading →

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USD/CHF: Swiss Franc trading higher after Friday’s fall

Posted on February 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9177 on Friday. Meanwhile, data released on Friday showed that, on an annual basis, consumer prices in Switzerland dropped 0.8% in January, the most … Continue reading →

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USD/JPY: Japan’s GDP contracts 2.3% in Q4 ‎

Posted on February 13, 2012 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 77.64. Japanese Finance Minister, Jun Azumi stated that Japan would intervene in the foreign exchange market, if necessary, while keeping a close … Continue reading →

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GBP/USD: Sterling trading higher after CBI says UK to avoid double-dip recession

Posted on February 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD on Friday and closed at 1.5737. Data released in the UK showed that the producer price inflation in the UK eased to 4.1% (YoY) in January, marking … Continue reading →

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EUR/USD: Euro trading higher on Greece Austerity Vote

Posted on February 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD on Friday and closed at 1.3172, amid weak economic data from France and as Euro-zone Finance Ministers delayed approval of a crucial bailout package for Greece. The … Continue reading →

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AUD/USD: Aussie trading lower as RBA lowers growth forecasts

Posted on February 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.05% against the USD to close at 1.0779. In the Asian session, at GMT0400, the pair is trading at 1.0728, with the AUD trading 0.48% lower from yesterday’s close, after Reserve … Continue reading →

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USD/CAD: Canadian dollar edged up on higher risk appetite, trading lower this morning

Posted on February 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.19% against the CAD to close at 0.9951, as risk appetite increased among investors after the reports that Greece has agreed on austerity measures for a new bailout worth €130 billion … Continue reading →

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