USD/CHF: Swiss Franc trading lower ahead of SNB interest rate decision

Posted on September 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.48% against the CHF and closed at 0.8757. In Switzerland, the producer and import price index dropped 1.9% (Y-o-Y) in August, following a 0.6% drop in the previous month. In the … Continue reading →

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USD/CAD: Pair converging with its MA’s

Posted on September 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.40% against the CAD to close at 0.9897. Canadian dollar declined against the greenback amid decline in the oil and metal prices, raising speculation that the global economic slowdown would hamper … Continue reading →

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USD/JPY: Yen trading steady in the Asian session

Posted on September 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.36% against the JPY and closed at 76.67. In Japan, yesterday, the industrial output growth was revised lower to 0.4% (M-o-M) from a 0.6% increase estimated earlier. Additionally, the capacity utilization … Continue reading →

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GBP/USD: British Pound continues to trade lower

Posted on September 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.11% against the USD and closed at 1.5768. In the UK, the number of people claiming jobseeker’s allowances climbed 20,300 on month in August. Additionally, the claimant count rate rose to … Continue reading →

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EUR/USD: Euro rose after reassurances from Merkel, Sarkozy, trading flat this morning

Posted on September 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.49% against the USD and closed at 1.3751, supported by hopes that Europe would act decisively to manage their sovereign debt crisis. Euro received support, after French President, Nicolas Sarkozy and … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0331. This morning, the consumer sentiment index in Australia rose 8.1% in September to 96.9. In the Asian session at 3:00GMT, the Australian Dollar … Continue reading →

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USD/CAD: Canadian dollar rose as risk aversion faded, trading lower this morning

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.66% against the CAD to close at 0.9858. Loonie rose against USD as rise in stocks and commodities eased risk aversion. In the Asian session at 3:00GMT, USD is trading at … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Swiss PPI data

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.8799. In the US, the budget deficit widened to $134.2 billion in August, compared to a budget deficit of $90.5 billion recorded in last … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.29% against the JPY and closed at 76.95, after the release of Federal Budget Balance data in the US. The US federal budget balance fell unexpectedly to a seasonally adjusted -134.2 … Continue reading →

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GBP/USD: Pound trading lower

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5785. Bank of England policy maker Adam Posen stated that he may need to double his call for bond purchases which would further intensify … Continue reading →

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EUR/USD: Euro snapping back to life on talk of China bond buying, trading lower this morning

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD and closed at 1.3684, as rise in the US stock markets and reports that China is in talks to buy Italian bonds calmed fears about the Euro … Continue reading →

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