EUR/USD: Euro extends its losses in the Asian session on Greek debt concern

Posted on February 3, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.17% against the USD and closed at 1.3145, after Euro-zone head, Jean Claude Juncker stated that talks with private creditors on the Greek debt restructuring plan have proven to be … Continue reading →

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AUD/USD: Aussie trading higher as Australia’s trade surplus unexpectedly widens

Posted on February 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.78% against the USD to close at 1.0710. Australian Prime Minister, Julia Gillard issued a warning to exporters that the high level of the currency was likely to continue in the … Continue reading →

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USD/CAD: Canadian dollar advances on higher risk appetite

Posted on February 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.45% against the CAD to close at 0.9979. Canadian dollar advanced as appetite for riskier assets increased after positive news from the Euro-zone and as stronger global manufacturing data boosted speculation … Continue reading →

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USD/CHF: Pair trading higher ahead of Swiss trade balance data

Posted on February 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.57% against the CHF and closed at 0.9147. Swiss Franc advanced after retail sales in Switzerland rose 0.6% (YoY) in December, from an increase of 1.8% in November. However, it pared … Continue reading →

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USD/JPY: Yen continues to trade higher in the Asian session

Posted on February 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 76.19. This morning, Bank of Japan (BoJ) Governor, Masaaki Shirakawa stated that the BoJ and the Federal Reserve have similar policy goals as they … Continue reading →

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GBP/USD: British Pound gains after UK manufacturing PMI soar to 8-month high

Posted on February 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.5843, after the UK manufacturing index surged to an eight month high in January. In economic news, the manufacturing Purchasing Managers’ Index (PMI) in … Continue reading →

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EUR/USD: Euro advanced on upbeat economic data, successful bond auction

Posted on February 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.62% against the USD and closed at 1.3168, as investor sentiment received a boost after the release of strong global economic data and well-received German and Portuguese debt auctions. On the … Continue reading →

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EUR/USD: Euro down on Portugal concerns, disappointing US data

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.41% against the USD and closed at 1.3087. Earlier in the day, Euro rose after the Greece Prime Minister, Lucas Papademos, stated that he is “strongly committed” to reaching a debt-swap … Continue reading →

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USD/JPY: Yen strengthened on back of positive economic data from Japan

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 76.30. Yen advanced after the Small Business Confidence Index in Japan climbed to 45.7 in January, from 45.6 in December. Meanwhile, housing starts in … Continue reading →

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USD/CHF: Pair trading higher this morning, Swiss PMI and retail sales data awaited

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CHF and closed at 0.9199. On the economic front, Switzerland’s UBS consumption indicator advanced to a reading of 0.92 in December, compared to a reading of 0.78 in … Continue reading →

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USD/CAD: Canadian dollar slides after nation’s GDP declines unexpectedly in November

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.06% against the CAD to close at 1.0024. The Canadian dollar retreated after a report showed that the country’s economy unexpectedly contracted in the fourth quarter. Data released in Canada showed … Continue reading →

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