EUR/USD: EUR down on ECB Board Member resignation, Greece debt fears

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.83% against the USD, on Friday, and closed at 1.3656, after reports that the European Central Bank (ECB) Executive board member Juergen Stark resigned, citing “personal reasons”. However investors speculated that … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie trading higher this morning, after Obama’s jobs address, China inflation

Posted on September 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0593. Early yesterday, the unemployment rate in Australia climbed to 5.3% in August, from 5.1% in July. The number of employees fell by 9,700 … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Pair showing convergence with its MA’s

Posted on September 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.42% against the CAD to close at 0.9881. In the US, for the week ended 3 September 2011, initial jobless claims rose unexpectedly to 414,000, compared to the previous week’s revised … Continue reading →

Posted in USD/CAD | Leave a comment

EUR/USD: Euro slips after Trichet warns of downside risks to growth, trading higher this morning

Posted on September 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.21% against the USD and closed at 1.3910, after the European officials cut their forecasts for Euro-area economic growth. The European Central Bank kept the key interest rate unchanged at 1.5%. … Continue reading →

Posted in EUR/USD | Leave a comment

USD/CHF: Swiss Franc trading higher in the Asian session

Posted on September 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.78% against the CHF and closed at 0.8738, after the Federal Reserve Chairman Ben Bernanke offered no details of any new stimulus measures. The US Federal Reserve Chairman, Ben Bernanke, indicated … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen trading flat after Japan Q2 GDP revised down to 0.5% ‎

Posted on September 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.23% against the JPY and closed at 77.50. In Japan, yesterday, the economic watchers outlook index dropped to a reading of 47.1 in August, following a reading of 48.5 posted in … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound rose after BoE leaves rate on hold, trading flat this morning‎

Posted on September 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5980, after the Bank of England (BoE) kept its benchmark rate on hold at 0.5% and fended off calls to increase its asset-purchase program … Continue reading →

Posted in GBP/USD | Leave a comment

AUD/USD: Aussie trading lower on disappointing jobs data

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.32% against the USD to close at 1.0592, as investor risk appetite improved after a German court backed the country’s role in euro zone bailouts. In the Asian session at 3:00GMT, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/JPY: Pair trading above its MA’s

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.37% against the JPY and closed at 77.32. The Bank of Japan (BoJ) retained the uncollateralised overnight call rate at around 0.0%-0.1%. Additionally, the central bank left its credit and asset-purchasing … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CAD: Canadian dollar gained after Ivey PMI beats expectations, trading lower this morning

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.58% against the CAD to close at 0.9840. Canadian dollar advanced after the Richard Ivey School of Business reported that its Purchasing Managers Index (PMI) in Canada edged up by 12.2 … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading tad lower, investors awaits Swiss unemployment data

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.34% against the CHF and closed at 0.8585, as the Federal Reserve’s Beige Book survey indicated that the US economy grew at a slower pace in some regions of the country. … Continue reading →

Posted in USD/CHF | Leave a comment