AUD/USD: Aussie cools this morning after rallying yesterday on RBA decision

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 1.0806, as the Reserve Bank of Australia surprised markets at its latest monetary policy meeting and left interest rates unchanged at 4.25%. In the … Continue reading →

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USD/CAD: Loonie firms on hopes of progress in Greece, trading lower this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9948. Positive sentiment stemming from hopes that Greek political leaders would come to an agreement on the bailout terms and avoid a default, has … Continue reading →

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USD/JPY: Yen marches southwards this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 76.79. In Japan, Leading Index climbed to 94.3 in December, while the Coincident Index edged up to 93.2 in December. Data released this morning … Continue reading →

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GBP/USD: Cable erases yesterday’s gain, trading lower this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.5901. The US dollar came under pressure after Federal Reserve Chairman, Ben S. Bernanke, reiterated that the job market in the US is still … Continue reading →

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EUR/USD: Euro advanced on Greek debt optimism, trading lower this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD and closed at 1.3259, on expectations that Greek political leaders would come to an agreement on the bailout terms and avoid a sovereign debt default. Moreover, President … Continue reading →

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AUD/USD: RBA leaves interest rate unchanged at 4.25%, Pair trading higher this morning

Posted on February 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0720, on increased risk aversion, as the Greek leaders continue to discuss austerity measures required to receive additional bailout funds, raising concern over the … Continue reading →

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USD/CAD: Canadian dollar down on Greek concerns, weaker oil prices

Posted on February 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 0.9963. The Canadian dollar was pressurized as Greek leaders struggled with austerity measures to get a bailout, reducing demand for riskier assets. Decline in … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on February 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9192. In the Asian session, at GMT0400, the pair is trading at 0.9209, with the USD trading 0.18% higher from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen trading lower ahead of trade balance data in Japan

Posted on February 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.56. This morning, Bank of Japan Governor, Masaaki Shirakawa stated that the central bank would continue to do its utmost to achieve sustained economic … Continue reading →

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GBP/USD: British Pound trading lower after disappointing BRC retail sales data

Posted on February 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5816. Lloyds Banking Group’s Halifax division reported that the House Price Index in the UK climbed 0.6% (MoM) in January, following a 1.0% drop … Continue reading →

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EUR/USD: Euro falls as Greece talks extended

Posted on February 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3123, on concerns that Greece’s political leaders would fail to reach an agreement allowing the nation to receive a second bailout from international creditors. … Continue reading →

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