AUD/USD: Continues to trade higher

Posted on August 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0650, on the back of recent strength in equity markets, as investor sentiment rebounds. In the economic news, in the US, the conference board … Continue reading →

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USD/CHF: Pair trading between its MA’s

Posted on August 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.39% against the CHF and closed at 0.8192. Swiss Franc declined against the greenback amid speculation that the Switzerland’s Central Bank would sustain its efforts to prevent the currency from strengthening. … Continue reading →

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EUR/USD: Euro slides as slew of factors fuels risk aversion

Posted on August 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.58% against the USD and closed at 1.4435, after a weak reading on consumer sentiment reinforced concerns that the region’s economy would slow in the months ahead as political leaders struggle … Continue reading →

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USD/JPY: Yen continues to trade higher in the Asian session

Posted on August 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.27% against the JPY and closed at 76.72. In Japan, this morning, the industrial production rose 0.6% (M-o-M) in July, following a 3.8% rise in the previous month. The Shoko Chukin … Continue reading →

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GBP/USD: Pound weighed down by weak UK economic data, trading flat this morning

Posted on August 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.64% against the USD and closed at 1.6304. In the UK, on a monthly basis, the money supply fell 0.1% in July, following a 0.4% drop recorded in the previous month. … Continue reading →

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AUD/USD: Aussie continues to zoom higher

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.26% against the USD to close at 1.0614, as investors sentiment improved, following a rise in the equity markets. In the Asian session at 3:00GMT, the Australian Dollar is trading at … Continue reading →

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USD/CAD: Loonie rose on higher risk appetite

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.54% against the CAD to close at 0.9760. The Canadian dollar rose against the greenback amid rise in the stocks, commodities, and also gained support over optimism about the US economic … Continue reading →

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USD/CHF: Swiss Franc continues to slide on risk appetite

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.92% against the CHF and closed at 0.8160. The Swiss Franc weakened yesterday as risk appetite increased after the US Federal Reserve Chairman, Ben Bernanke confirmed on Friday, that he would … Continue reading →

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USD/JPY: Japanese unemployment rate rose unexpectedly this morning, Yen trading flat

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.26% against the JPY and closed at 76.93. Japan’s ruling Democratic Party of Japan party elected Finance Minister, Yoshihiko Noda as head of the party after the resignation of Prime Minister, … Continue reading →

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GBP/USD: Pound trading flat this morning

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6409. The pair opened the Asian session at 1.6409, and is trading at 1.6408 at 3.00GMT. GBP is trading flat versus USD from yesterday’s … Continue reading →

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EUR/USD: Euro rose on renewed confidence, trading flat this morning

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.4519, amid renewed confidence that the euro zone can withstand a lingering sovereign debt crisis and questions about the health of its banking sector. … Continue reading →

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