GBP/USD: Dollar broadly lower after weak US data, UK’s PPI data awaited

Posted on January 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.5336. In the UK, industrial production retreated 0.6% (MoM) in November, from a revised 1.0% decline in October. Also, manufacturing production fell 0.2% (MoM) … Continue reading →

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EUR/USD: Euro moves north on bullish comments from ECB President and successful bond auction

Posted on January 13, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR advanced 0.83% against the USD and closed at 1.2813, after closely watched Spanish and Italian government debt auctions met strong investor demand at lower yields. The Euro also found support, after European … Continue reading →

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USD/CAD: Canadian dollar rebounds marginally in the Asian session

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD climbed 0.25% against the CAD to close at 1.0193. In the Asian session, at GMT0400, the pair is trading at 1.0186, with the USD trading 0.06% lower from yesterday’s close. The pair … Continue reading →

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AUD/USD: Pair converging with its MA’s

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded marginally lower against the USD to close at 1.0304. In the Asian session, at GMT0400, the pair is trading at 1.0299, with the AUD trading 0.05% lower from yesterday’s close. LME … Continue reading →

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USD/CHF: Swiss Franc trading higher, after losing ground yesterday

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD climbed 0.50% against the CHF and closed at 0.9541. In the US, according to the Federal Reserve’s Beige Book, economic activity expanded “at a modest to moderate pace” in the latter part … Continue reading →

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USD/JPY: Greenback gives up some gains in the Asian session

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD advanced 0.05% against the JPY and closed at 76.88. On the economic front, Japan’s leading index rose to 92.9 in November, from a reading of 92.0 in October. Meanwhile, the coincident index … Continue reading →

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GBP/USD: Pound continues its downward trend after UK trade deficit widened

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP retreated 1.01% against the USD and closed at 1.5321, after a report indicated an increase in the UK goods trade deficit. In the UK, on a seasonally adjusted basis, the goods trade … Continue reading →

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EUR/USD: Euro trading higher ahead of ECB rate decision

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.48% against the USD and closed at 1.2708, following a weak German GDP data. The Euro was further pressured after the head of sovereign ratings for Fitch Ratings indicated that the … Continue reading →

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EUR/USD: Euro trading lower on uncertainty over European ‎debt crisis

Posted on January 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR retreated marginally against the USD and closed at 1.2770. Fitch Ratings agency stated that there is a “significant chance” that Italy would have its credit rating downgraded at the end of … Continue reading →

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GBP/USD: Pound gives up yesterday’s gains

Posted on January 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.09% against the USD and closed at 1.5477. In the UK, the British Retail Consortium (BRC) reported that shop price inflation retreated to 1.7% (MoM) in December, from 2.0% in November, … Continue reading →

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USD/JPY: Yen trading marginally lower in the Asian session

Posted on January 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD marginally weakened against the JPY and closed at 76.84. In the Asian session, at GMT0400, the pair is trading at 76.90, with the USD trading 0.07% higher from yesterday’s close. This … Continue reading →

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