USD/CAD: Loonie trading below its MA’s

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.17% against the CAD, on Friday, to close at 1.0109. Canadian dollar rose on investors’ optimism that the European officials are making progress in designing a rescue plan to contain region’s … Continue reading →

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USD/JPY: Yen trading steady this morning ahead of industrial production data in Japan

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.43% against the JPY, on Friday, and closed at 77.23. In the US, the retail sales rose 1.1% M-o-M to $395.5 billion in September, compared to 0.3% growth in August. Yen … Continue reading →

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USD/CHF: Swiss Franc gives up some gains in the Asian session

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.84% against the CHF, on Friday, and closed at 0.8923. In the Asian session, at GMT0300, the pair is trading at 0.8939, with the USD trading 0.18% higher from Friday’s close. … Continue reading →

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GBP/USD: Pound trading marginally lower after Friday’s rise

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD, on Friday, and closed at 1.5813. In the UK, on a monthly basis, the construction output rose 0.4% in August. Additionally, this morning, the Rightmove House Price … Continue reading →

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EUR/USD: Trading lower after Friday’s surge

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD, on Friday, and closed at 1.3883, on optimism that eurozone authorities would come up with the plan to contain the region’s debt crisis. In economic news, the … Continue reading →

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USD/CAD: Pair showing convergence with its MA’s, trading flat this morning

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.50% against the CAD to close at 1.0229. Canadian dollar fell against the greenback, as risk appetite declined for riskier assets, amid poor traded data from China. Meanwhile, in Canada, the … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened slightly against the USD to close at 1.0155. In the Asian session, at GMT0300, the pair is trading at 1.0171, with AUD trading 0.16% higher from yesterday’s close. LME Copper prices … Continue reading →

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USD/CHF: Swiss Franc gaining strength in the Asian session

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.8999. In the US, the trade deficit narrowed to $45.61 billion in August, compared to a revised deficit of $45.63 in July. In Switzerland, … Continue reading →

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USD/JPY: Yen trading stable this morning after yesterday’s rise

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.90. In Japan, this morning, the money supply rose 2.7% (Y-o-Y) to ¥800.2 trillion in September, unchanged from the previous month. Additionally, the Domestic … Continue reading →

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GBP/USD: Pound trading steady in the Asian session

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5743. In the UK, goods trade deficit declined to £7.8 billion in August, compared to a deficit of £8.2 billion recorded in July. Additionally, … Continue reading →

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EUR/USD: Euro loses steam on Spain downgrade‎, trading higher this morning

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.36% against the USD and closed at 1.3740, after Standard&Poor’s downgraded Spain’s credit rating to AA- from AA with a negative outlook. In economic news, on an annual basis, Consumer Price … Continue reading →

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