USD/JPY Dollar trading lower ahead of the US Federal Reserve’s policy decision

Posted on September 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.14% against the JPY and closed at 76.48. In Japan, yesterday, the leading index was revised lower to a reading of 104.6 in July, from 102.6 in the previous month. The … Continue reading →

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EUR/USD: Euro continues its northward journey in the Asian session

Posted on September 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.57% against the USD and closed at 1.3681, following expectations that a Greek default would be averted. Meanwhile, the Fitch credit rating agency, yesterday, affirmed Germany’s AAA rating with a stable … Continue reading →

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GBP/USD: Pound trading flat this morning, Investors awaits BoE minutes

Posted on September 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD and closed at 1.5728. This morning in the UK, the nationwide consumer confidence declined to 48.0 in August, from 49.0 in the previous month. The pair opened … Continue reading →

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USD/CAD: Canadian dollar dropped on risk aversion, trading higher this morning

Posted on September 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.25% against the CAD to close at 0.9940. Canadian dollar declined sharply against the greenback as renewed concerns over the Greece debt concerns diminished the appeal for high-yielding assets. In the … Continue reading →

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AUD/USD: Aussie continues to fall on European woes

Posted on September 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.51% against the USD to close at 1.0263, as investor sentiment dented over more disappointing attempts by European policymakers to solve their deteriorating sovereign debt crisis. This morning, the minutes of … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of trade balance data in Switzerland

Posted on September 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.8861. In the Asian session, at 3:00GMT, the USD is trading at 0.8860, slightly lower versus Swiss Franc, from yesterday’s close at 23:00 GMT. … Continue reading →

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USD/JPY: Yen trading higher after Japan keeps economic assessment unchanged in monthly report

Posted on September 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.59. In the US, the homebuilder confidence index dropped to 14.0 in September, compared to 15.0 in August. This morning, in a monthly report, … Continue reading →

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GBP/USD: Pound trading flat, awaits UK consumer confidence data

Posted on September 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.5660. The Bank of England stated that its bond-purchase plan had “economically significant” effects on Britain’s financial system, though the impact of future purchases … Continue reading →

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EUR/USD: Euro backpedals on Greece concerns, S&P’s Italy downgrade, trading flat this morning ‎

Posted on September 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.3604, after Standard & Poor’s downgraded Italy’s credit rating. Euro was also pressurized over concerns that Greece would default on its debt obligations. In … Continue reading →

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USD/CAD: Pair trading between its MA’s

Posted on September 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.47% against the CAD, on Friday, to close at 0.9795. Canadian dollar rose against the greenback after a report showed greater-than-forecasted purchases of Canadian securities by foreign investors. The foreign investment … Continue reading →

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AUD/USD: Aussie backpedals this morning after Friday’s surge

Posted on September 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.30% against the USD, on Friday, to close at 1.0340. In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0254, 0.83% lower from Friday’s close. LME Copper prices … Continue reading →

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