GBP/USD: British Pound advances, U.K. manufacturing production rises more-than-expected

Posted on November 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.6092, after the release of upbeat manufacturing data in the UK. In the UK, the industrial production remained flat in September, following a 0.3% … Continue reading →

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EUR/USD: Euro trading flat this morning

Posted on November 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.44% against the USD and closed at 1.3825, following reports that stated that Italian Prime Minister, Silvio Berlusconi would resign after the 2012 budget is approved. In economic news in Germany, … Continue reading →

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AUD/USD: Aussie as trade balance, business confidence data disappoints investors

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0376, as investors’ concerns that the Euro-zone debt crisis would spread to Italy, reduced demand for high-yielding assets. In Australia, this morning, the National … Continue reading →

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USD/CAD: Trading lower this morning

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CAD to close at 1.0138. Canada’s dollar rose as crude oil, touched the highest level in three months. The currency also rose, after the European Central Bank Executive … Continue reading →

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USD/CHF: Swiss Franc extends slide after Jordan says SNB ready to act

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.34% against the CHF and closed at 0.9009. Swiss franc declined against its US counterpart amid poor Swiss consumer price data. The Consumer Price Index (CPI) declined 0.1% (M-o-M) in October, … Continue reading →

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USD/JPY: Yen intervention losing momentum as US dollar continues to weaken against Yen

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 78.08. In Japan, yesterday, the Leading Index declined to 91.6 in September, compared to 93.8 in the previous month. The Coincident Index declined to … Continue reading →

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GBP/USD: Pound slips amid disappointing retail sales & house price balance data

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.08% against the USD and closed at 1.6056. In the UK, the Halifax house prices rose 1.2% in October, compared to 0.5% decline in the previous month. The Lloyds Employment Confidence … Continue reading →

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EUR/USD: Euro fell on Italy and Greece concerns

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.31% against the USD and closed at 1.3764, on investor concerns that Italy was next in the line of fire in the European sovereign debt crisis. Meanwhile, Greece continued to struggle … Continue reading →

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AUD/USD: Trading lower this morning, construction index in Australia declines

Posted on November 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD, on Friday, to close at 1.0398. In Australia, this morning, the AiG Performance of Construction Index declined to 34.7 in October compared to 30.0 in the previous … Continue reading →

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USD/CAD: Canadian dollar extends its Friday’s losses

Posted on November 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.83% against the CAD, on Friday, to close at 1.0165. Canadian dollar declined as investors’ speculation that European officials are struggling to contain the Greece debt crisis, diminished appeal for high-yielding … Continue reading →

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USD/CHF: Swiss Franc slides as SNB warns of intervention

Posted on November 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.84% against the CHF, on Friday, and closed at 0.8858. In the economic news in Switzerland, the foreign currency reserves declined to CHF 242.7 billion compared to CHF 282.2 billion in … Continue reading →

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