GBP/USD: British Pound trading higher this morning after yesterday’s fall; MPC stands ready to aid UK economy

Posted on November 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD and closed at 1.5523, after minutes of the Bank of England Monetary Policy Committee rate-setting meeting indicated increased support for additional quantitative easing in the future. In … Continue reading →

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EUR/USD: Euro fell after weak German bond sale, trading higher this morning

Posted on November 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.27% against the USD and closed at 1.3342, as a weak German bond auction disappointed investors. The Euro also came under pressure, following reports that Belgium and France were in fresh … Continue reading →

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AUD/USD: Drifting lower this morning after a flat close yesterday

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 0.9836. In Australia, this morning, leading economic indicator increased 0.1% (M-o-M) in September, compared to 0.2% in the previous month. In the Asian session, … Continue reading →

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USD/CAD: Canadian dollar gets mild boost over strong Canadian retail sales data, trading lower in the Asian session

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CAD to close at 1.0385, following strong Canadian retail sales data. Retail sales in Canada rose 1.0% (M-o-M) to C$38.2 billion in September. In the Asian session, at … Continue reading →

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USD/CHF: Swiss Franc rose amid strong Swiss trade balance data, trading lower this morning

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.37% against the CHF and closed at 0.9141, after a report showed that Switzerland’s trade surplus increased in October. Trade surplus in Switzerland widened to CHF 2.2 billion during the month. … Continue reading →

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USD/JPY: Trading above its MA’s

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened slightly against the JPY and closed at 76.95. In the Asian session, at GMT0400, the pair is trading at 77.02, with the USD trading 0.09% higher from yesterday’s close. The pair … Continue reading →

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GBP/USD: Pound continues to trade lower this morning, BoE minutes awaited

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5637, amid growth concerns and expectations of further monetary easing. A leading think-tank, Reform, has warned that UK would require a decade of austerity … Continue reading →

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EUR/USD: Euro advanced following IMF’s revamp of its credit-line program, trading lower this morning

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.22% against the USD and closed at 1.3514, after the International Monetary Fund revamped its credit-line program to improve liquidity and financing needs for its members, a move seen as a … Continue reading →

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USD/CAD: Loonie declined over US debt impasse, trading flat this morning

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.07% against the CAD to close at 1.0396, as the US deficit impasse and uncertainty over Euro-zone sovereign-debt crisis spurred demand for safe-haven greenback. In Canada, the wholesale sales rose 0.3% … Continue reading →

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Aussie sees a marginal rebound this morning

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.43% against the USD to close at 0.9833. In the Asian session, at GMT0400, the pair is trading at 0.9836, with the AUD trading slightly higher from yesterday’s close. LME Copper … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9175, following reports showing strong Swiss money supply data. The Swiss National Bank reported that the money supply increased 8.2% (YoY) in October, following … Continue reading →

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