USD/CHF: Swissy strengthens on speculation that SNB would refrain from further curbing measures

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.45% against the CHF and closed at 0.7949. Swiss Franc rose against all its major counterparts, amid speculation the central bank would refrain from further measures to curb the currency’s advance. … Continue reading →

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USD/JPY: Greenback rallied on glimmer of hope for economy

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.12% against the JPY and closed at 76.84, as the greenback was buoyed by a positive Institute for Supply Management (ISM) manufacturing data. In economic news, the Institute for Supply Management … Continue reading →

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GBP/USD: Pound pressurised as UK manufacturing PMI hits 26 month-low in August, trading tad higher in Asian session

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.6183, amid poor UK manufacturing activity in August. In the UK, the Markit/Chartered Institute of Purchasing & Supply (CIPS) manufacturing Purchasing Managers’ Index (PMI) … Continue reading →

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EUR/USD: Euro slides on weak manufacturing data in Europe

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.4266, amid a slew of lacklustre manufacturing PMI data in Europe. Meanwhile, encouraging US economic data helped to boost the US dollar. On the … Continue reading →

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AUD/USD: Retail data push Australian dollar higher

Posted on September 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 1.0673, amid positive Australian retail sales data. In economic news, the Australian Industry Group (AIG) reported that its performance of manufacturing index declined by … Continue reading →

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USD/CAD: Canadian dollar trading higher in the Asian session

Posted on September 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9778. In the US, the Institute for Supply Management – Chicago reported that its business barometer fell to 56.5 in August, from 58.8 in … Continue reading →

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USD/CHF: Swiss Franc trading flat this morning, investors awaits GDP and PMI data in Switzerland

Posted on September 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.54% against the CHF and closed at 0.8066. In economic news, Automatic Data Processing, Inc. indicated that the private sector employment in the US advanced by 91,000 jobs in August, from … Continue reading →

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USD/JPY: Greenback gains versus Japanese Yen

Posted on September 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 76.75, following better than anticipated US factory orders data. New orders for manufactured goods in the US climbed 2.4% (MoM) to $453.2 billion in … Continue reading →

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GBP/USD: Pound continues its downfall in the Asian session, Investors awaits UK’s PMI data

Posted on September 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.6244, as demand for the greenback was bolstered by robust US factory orders and better than expected Chicago-area business sentiment data. In the US, … Continue reading →

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EUR/USD: Euro declined despite Merkel approves draft legislation for euro-rescue fund, trading tad higher this morning

Posted on September 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD and closed at 1.4371. German Chancellor Angela Merkel’s cabinet approved on Wednesday a modified plan of the euro zone rescue fund. European leaders agreed at the summit … Continue reading →

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USD/CAD: Canadian dollar dragged lower on poor economic data from Canada, trading flat this morning

Posted on August 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.28% against the CAD to close at 0.9787. Loonie declined against the US dollar after the release of disappointing economic data from Canada and lingering European debt fears. In Canada, the … Continue reading →

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