GBP/USD: Pound fell amid high risk aversion yesterday, trading higher this morning

Posted on September 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.94% against the USD and closed at 1.5364. In the UK, Confederation of British Industry (CBI) reported that the order book balance declined to -9.0% (M-o-M) in September, from 1.0% in … Continue reading →

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EUR/USD: EUR declined amid risk aversion, trading higher this morning

Posted on September 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.76% against the USD and closed at 1.3480, as poor economic data from China and the eurozone, coupled with renewed worries about the global economic slowdown, spurred investors to sell riskier … Continue reading →

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USD/CAD: Canadian dollar fell after Fed indicated ‘Downside Risks’ to the US Economy

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.25% against the CAD to close at 1.0062. Canadian dollar declined sharply against the greenback, after the Federal Reserve’s statement indicating “significant downside risks” to the economy reduced appeal for high … Continue reading →

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USD/CHF: Swiss franc under pressure amid rumours that SNB may raise its Euro/Swiss target

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.24% against the CHF and closed at 0.8993. Swiss Franc eased on talks that the Swiss National Bank may lift its Euro/Swiss target to 1.25 from 1.20. Meanwhile in economic news, … Continue reading →

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USD/JPY: Yen trading lower in the Asian session, amid broad dollar strength

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.52. In Japan, yesterday, the All Industry Activity Index rose 0.4% (M-o-M) in July compared to a 2.3% rise in the previous month. US … Continue reading →

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GBP/USD: Pound slipped as BOE considered additional stimulus, trading lower amid broad dollar strength

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.39% against the USD and closed at 1.5509, after the Bank of England (BOE) minutes of meeting indicated that officials considered more bonds purchases to keep borrowing costs capped. The BOE … Continue reading →

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AUD/USD: Aussie trading lower this morning on disappointing Chinese Manufacturing PMI

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.47% against the USD to close at 1.0269. In the Asian session at 3:00GMT, the Australian Dollar is trading at 0.9999, 2.63% lower from yesterday’s close at 23:00 GMT, after the … Continue reading →

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EUR/USD: Trading lower after Italian banking downgrades

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD and closed at 1.3584. The greenback rallied against the Euro, even as the Federal Reserve announced that it would replace $400 billion of short-term debt in its … Continue reading →

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AUD/USD: Aussie advances this morning after yesterday’s fall

Posted on September 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.41% against the USD to close at 1.0221. Australian dollar declined yesterday, in the morning, following RBA’s signal that it would hold interest rates. In the Asian session at 3:00GMT, the … Continue reading →

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USD/CAD: Canadian dollar trading flat this morning ahead of CPI data in Canada

Posted on September 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded slightly lower against the CAD to close at 0.9938. This morning, the International Monetary Fund (IMF) downgraded the forecast for Canada, stating that Canada’s jobless rate would tick higher this year … Continue reading →

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USD/CHF: Swiss Franc dropped on speculation of further action by SNB trading higher this morning

Posted on September 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.8883. Swiss franc fell against the greenback amid speculation that the Swiss National Bank policy makers may further impose a tighter target to control … Continue reading →

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