USD/JPY: Yen extended its gains in the Asian session

Posted on October 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened slightly against the JPY and closed at 76.78. In the US, the mortgage applications decreased 4.3%, for the week ending September 30 compared to 9.3% rise in the previous week. In … Continue reading →

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GBP/USD: Pound down this morning ahead of BoE interest rate decision

Posted on October 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5465. Pound was initially pressurized, after a report showed that the economic growth slowed more than the market expectations in the last quarter, increasing … Continue reading →

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EUR/USD: Euro advanced on expectations of firewall for the banks, trading lower this morning

Posted on October 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3345, amid speculation that European leaders would step up efforts to aid the region’s banks in a bid to resolve the debt crisis. German … Continue reading →

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AUD/USD: RBA leaves rates unchanged‎, Aussie trading higher this morning

Posted on October 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.42% against the USD to close at 0.9485, after the Reserve Bank of Australia (RBA) kept its key interest rates unchanged at 4.75%. RBA Governor, Glenn Stevens, yesterday, stated that the … Continue reading →

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USD/CAD: Pair trading between its MA’s

Posted on October 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 1.0537. In the Asian session, at GMT0300, the pair is trading at 1.056, with the USD trading 0.22% higher from the New York close. … Continue reading →

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

Posted on October 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CHF and closed at 0.9194. In the US, new orders for manufactured goods declined 0.2% (M-o-M) in August, following a 2.1% rise in July. In the Asian session, … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on October 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.27% against the JPY and closed at 76.81. In Japan, yesterday, the labour cash earnings declined 0.6% (Y-o-Y) to ¥273,580 in August. This morning, Bank of Japan Governor, Masaaki Shirakawa gave … Continue reading →

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GBP/USD: Pound trading lower this morning, UK GDP and PMI data are awaited

Posted on October 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5466. In the UK, the Markit/Chartered Institute of Purchasing & Supply, reported that, the construction Purchasing Managers’ Index (PMI) declined to 50.1 in September, … Continue reading →

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EUR/USD: Greenback backpedals as Bernanke signals further support, trading higher this morning

Posted on October 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.00% against the USD and closed at 1.3325, after Federal Reserve Chairman, Ben Bernanke stated that Fed might take more action to help revive the US economy. Euro also gained, after … Continue reading →

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GBP/USD: Pound trading higher in the Asian session

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.96% against the USD and closed at 1.5432, as investors bet on additional Bank of England stimulus, even in the face of a surprise expansion of UK manufacturing. In the UK, … Continue reading →

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AUD/USD: Aussie trading lower ahead of the RBA interest rate decision

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.11% against the USD to close at 0.9622. In Australia, this morning, the trade surplus widened to A$3.1 billion in August, from a surplus of A$1.82 billion in July. Additionally, the … Continue reading →

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