GBP/USD: Pound trading lower this morning, BoE interest rate decision awaited

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.5972. In the UK, Halifax indicated that, the House Price Index edged down 1.2% (M-o-M) in August, compared to a 0.2% rise in July. … Continue reading →

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EUR/USD: Euro lower ahead of ECB meeting

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4081, after the German court supported the country’s involvement with euro zone bailouts. Investor sentiment was further lifted after the Italian senate approved an … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on September 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened a marginal 0.05% against the USD to close at 1.0558. Yesterday, the Reserve Bank of Australia (RBA) decided to retain its benchmark cash rate at 4.75%. Meanwhile, this morning, the Australian … Continue reading →

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USD/CAD: Canadian dollar extends its gain in the Asian session, Awaits BoC interest rate decision

Posted on September 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9897. In the Asian session at 3:00GMT, USD is trading at 0.9891, 0.06% lower against the Canadian dollar from yesterday’s close at 23:00 GMT. … Continue reading →

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USD/CHF: Swiss Franc tumbled after floor by the SNB, trading higher this morning

Posted on September 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 9.75% against the CHF and closed at 0.8614. In Switzerland, the Swiss National Bank (SNB) announced a floor against the euro of CHF1.20 to the EUR as a minimum exchange rate. … Continue reading →

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USD/JPY: Bank of Japan holds rates near zero

Posted on September 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.91% against the JPY and closed at 77.61, amid speculation that Japanese authorities could also intervene, after the intervention of the Swiss National Bank. In economic news, Japanese foreign reserves rose … Continue reading →

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GBP/USD: Pound trading higher, Investors await manufacturing and industrial data in the UK

Posted on September 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.93% against the USD and closed at 1.5952. In the UK, the British Retail Consortium (BRC) indicated that the average shop prices in rose 2.7% (Y-o-Y) in August, compared to a … Continue reading →

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EUR/USD: Euro trading higher in the Asian session

Posted on September 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.50% against the USD and closed at 1.4004. In the Euro-zone, the Gross Domestic Product (GDP), on a sequential basis, grew 0.2% in the second quarter of 2011 (2Q FY2011). Additionally, … Continue reading →

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USD/CAD: Loonie declined on weaker crude oil prices, trading flat this morning

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9906. Canadian dollar lost ground yesterday, as crude-oil, the nation’s key export, tumbled on mounting concerns that the US is heading back into recession. … Continue reading →

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AUD/USD: Aussie softens ahead of RBA meeting

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.10% against the USD to close at 1.0563, ahead of the RBA meeting to be held later today. In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0522, … Continue reading →

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USD/CHF: Swiss Franc rally accelerates, trading flat this morning

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CHF and closed at 0.7849. In the Asian session, at 3:00GMT, the USD is trading at 0.7852, marginally higher versus Swiss Franc, from yesterday’s close at 23:00 GMT. … Continue reading →

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