GBP/USD: Continues to trade lower this morning

Posted on December 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD and closed at 1.5629, on persistent concerns regarding the health of the UK economy. The Monetary Policy Committee of the Bank of England (BoE) left the size … Continue reading →

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EUR/USD: Euro continues to slip, after ECB President downplayed expectations for bond buying

Posted on December 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.49% against the USD and closed at 1.3349, after comments from European Central Bank President, Mario Draghi renewed concerns over the handling of the Euro-zone’s sovereign debt crisis. In economic news, … Continue reading →

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AUD/USD: Aussie trading lower amid rise in unemployment rate

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0288. In the Asian session, at GMT0400, the pair is trading at 1.0257, with the AUD trading 0.30% lower from yesterday’s close, amid an … Continue reading →

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USD/CAD: Canadian dollar gives up some gains in the Asian session

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 1.0088. In the Asian session, at GMT0400, the pair is trading at 1.0097, with the USD trading 0.09% higher from yesterday’s close. The pair … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CHF and closed at 0.9234. In Switzerland, the unemployment rate rose to 3.1% in November, compared to 2.9% recorded in October. Switzerland’s Finance Minister, Eveline Widmer-Schlumpf, stated that … Continue reading →

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USD/JPY: Trading flat this morning

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 77.65. In Japan, yesterday, the Leading Index remained stable at 91.5 in October, in line with market expectations. Meanwhile, the Coincident Index rose to … Continue reading →

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GBP/USD: Trading flat this morning ahead of BoE interest rate decision

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.67% against the USD and closed at 1.5707. In the UK, the National Institute of Economic and Social Research reported that the Gross domestic Product (GDP) estimate rose 0.3% for three … Continue reading →

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EUR/USD: Euro rose; German industrial output growth tops expectations, trading lower this morning

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.07% against the USD and closed at 1.3415, as German industrial production recovered at a faster-than-expected pace in October after easing for two straight months. In Germany, the industrial production rose … Continue reading →

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AUD/USD: Upbeat data helps Aussie to bounce back

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0246, after the Reserve Bank of Australia cut interest rates by 25 basis points for a second straight month. In the Asian session, at … Continue reading →

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USD/CAD: Canadian dollar maintains momentum

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.73% against the CAD to close at 1.0096. Canadian dollar strengthened after Bank of Canada (BoC) kept its key overnight rate at 1.0%. The BoC policy makers further stated that growth … Continue reading →

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USD/CHF: Swiss Franc weakened amid disappointing consumer price data, trading higher this morning

Posted on December 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9256. Swiss Franc fell against greenback, after reports showed a decline in Swiss consumer prices, raising speculation that Swiss National Bank would intervene again … Continue reading →

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