EUR/USD: Euro trading higher, Greek bondholders to take 50% write-down on the value of their holdings

Posted on October 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.29% against the USD and closed at 1.3868. A summit in Europe failed to clear up doubts about the euro-zone, putting pressure on the Euro. Meanwhile, the greenback gained after new … Continue reading →

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USD/CHF: Swissy continues its northward journey

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CHF and closed at 0.8783. In the US, the consumer confidence index in the US edged down unexpectedly to 39.80 in October. Also, the Federal Reserve Bank of … Continue reading →

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GBP/USD: Pound trading higher in Asian session

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6000. In the UK, the British Bankers’ Association (BBA) indicated that the number of mortgage approvals unexpectedly dropped to 33,130 in September, from 35,069 … Continue reading →

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USD/JPY: Yen trading lower, amid disappointing US consumer confidence data

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.05% against the JPY and closed at 76.13, following disappointing US consumer confidence index data. In Japan, the small business confidence index declined to 46.4 in October, from 47.2 in September. … Continue reading →

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USD/CAD: Loonie slides after BoC cuts growth outlook, trading higher this morning

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.28% against the CAD to close at 1.0166. The Canadian dollar declined after Bank of Canada (BoC) kept its overnight rates unchanged, citing greater risks to the global economy and rising … Continue reading →

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AUD/USD: Aussie continues to trade lower in Asian session

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.30% against the USD to close at 1.0433. The Australian Bureau of Statistics reported that the third quarter Consumer Price Index rose 3.5% (Y-o-Y) and 0.6% (Q-o-Q), down from 3.6% and … Continue reading →

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EUR/USD: Euro fell on EU summit doubts, trading tad higher

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.3909, after the cancellation of a European finance ministers meeting that raised doubts whether an EU summit would deliver a bold plan to tackle … Continue reading →

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AUD/USD: Aussie rises high on EU optimism‎

Posted on October 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.34% against the USD to close at 1.0464. The Reserve Bank of Australia (RBA) Deputy Governor Ric Battellino, this morning, signaled no urgency to lower interest rates. In the morning, in … Continue reading →

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USD/CAD: Loonie strengthens before BoC rate decision‎

Posted on October 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.50% against the CAD to close at 1.0038, ahead of a Bank of Canada (BoC) interest rate decision and as commodity prices surged. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on October 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.36% against the CHF and closed at 0.8805. In the Asian session, at GMT0300, the pair is trading at 0.8797, with the USD trading 0.09% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen continues its northward journey

Posted on October 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.12% against the JPY and closed at 76.17. In the Asian session, at GMT0300, the pair is trading at 76.09, with the USD trading 0.11% lower from yesterday’s close. The pair … Continue reading →

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