USD/CAD: Canadian dollar advanced on optimism over Euro-zone debt crisis

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD to close at 1.0347. Loonie rose on renewed investor’ hopes that European leaders would make progress on resolving the Euro-zone’s debt crisis In the Asian session, at … Continue reading →

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AUD/USD: Aussie continues to zoom higher in the Asian session

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 0.9913. In the Asian session, at GMT0400, the pair is trading at 0.9922, with the AUD trading 0.09% higher from yesterday’s close. LME Copper … Continue reading →

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USD/CHF: Greenback continues to trade lower in the Asian session

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.59% against the CHF and closed at 0.9227. Fitch ratings agency has affirmed its AAA credit rating for the US, but revised its outlook from ‘Stable’ to ‘Negative’, after the US … Continue reading →

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USD/JPY: Japanese Yen continues to trade lower; Japan’s October retail sales rose 1.9% (YoY)

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.64% against the JPY and closed at 78.05. The Governor of the Bank of Japan warned that the outlook for the nation’s economy remained clouded by the ongoing debt crisis in … Continue reading →

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GBP/USD: Trading flat after yesterday’s rise

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5504. However, gains were limited after Bank of England Governor, Mervyn King stated that the Euro-zone crisis was likely to cause UK’s economy to … Continue reading →

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EUR/USD: Euro fell after warning from Moody’s, trading higher this morning

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3317. Euro came under pressure, after Moody’s Investors Service cautioned that the rapid acceleration of the Euro-zone sovereign and banking crisis threatens the credit … Continue reading →

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AUD/USD: Cementing gains this morning

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.22% against the USD, on Friday, to close at 0.9701. In the Asian session, at GMT0400, the pair is trading at 0.9835, with the AUD trading 1.38% higher from Friday’s close. … Continue reading →

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USD/CAD: Canadian Dollar declined amid poor Italian bond auctions, trading higher this morning

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD, on Friday, to close at 1.0490, as disappointing Italian bond auctions weighed on investor sentiment. The rise in Italian borrowing costs after a disappointing auction of Italian … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning, following Friday’s fall

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.21% against the CHF, on Friday, and closed at 0.9309, following rumors that the SNB may have intervened in the foreign exchange market. The Swiss National Bank (SNB) Vice President, Thomas … Continue reading →

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USD/JPY: Yen trading higher this morning, Japan’s unemployment and retail trade data awaited

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.73% against the JPY, on Friday, and closed at 77.72. Japanese Yen came under pressure, after Japan’s Finance Minister, Jun Azumi reiterated on Friday that the country would again take steps … Continue reading →

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GBP/USD: Trading above its MA’s

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD, on Friday, and closed at 1.5442. This morning, the British Chambers of Commerce (BCC) cuts the growth outlook for the UK economy and stated that the impacts … Continue reading →

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