EUR/USD: Euro firmer on France bond auction

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.2660, following successful bond auction in France. Ratings agency, Standard and Poor’s downgraded the EU bailout fund The European Financial Stability Facility (EFSF) by … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie continues to trade lower

Posted on January 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD on Friday to close at 1.0283. This morning, the Australian Bureau of Statistics indicated that, on a seasonally adjusted basis, the number of mortgages approved edged up … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian dollar backpedals on Europe downgrades, trading higher this morning

Posted on January 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.65% against the CAD on Friday to close at 1.0253, as safe haven demand found support after ratings agency Standard and Poor’s downgraded nine countries in the Euro-zone, including France. In … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Trading above its MA’s

Posted on January 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.12% against the CHF on Friday and closed at 0.9550. In the US, the trade deficit increased to $47.8 billion in November, marking the widest level since June 2011, following a … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Japanese Yen trading higher this morning, machinery orders jump 14.8%

Posted on January 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY on Friday and closed at 76.93. Demand for the greenback surged following reports that Standard & Poor’s downgraded France, a previously AAA-rated country. In Japan, on a … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: British Pound trading higher in Asian session; Osborne sees grounds for optimism on European outlook

Posted on January 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD on Friday and closed at 1.5294, as demand for the dollar increased following reports that the Standard & Poor’s ratings agency downgraded nine Euro-zone countries. On Friday, … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro falls after S&P downgraded France of AAA, Greece concerns, trading higher this morning

Posted on January 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.35% against the USD on Friday and closed at 1.2640, after Standard & Poor’s downgraded France of its top credit rating and cut eight other euro-zone nations. EUR was further weighed … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie rallies on rise in risk appetite

Posted on January 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.26% against the USD to close at 1.0331, as risk appetite increased, after the European Central Bank (ECB) President announced several positive developments in the Euro zone. In the Asian session, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Trading above its MA’s

Posted on January 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 1.0186, after US retail sales increased less-than-forecast and jobless-benefits claims fell, damping demand for riskier assets. In economic news, the New Housing Price Index … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc advances further

Posted on January 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD retreated 1.00% against the CHF and closed at 0.9445. Yesterday in Switzerland, the Finance Minister, Eveline Widmer-Schlumpf, indicated that the nation may not name a permanent successor to Philipp Hildebrand as Central … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Japanese Yen tad lower this morning

Posted on January 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 76.78, following a rise in the US jobless claims. In the US, for the week ended 7 January 2012, initial jobless claims advanced to … Continue reading →

Posted in USD/JPY | Leave a comment