EUR/USD: Euro trading higher in the Asian session, Bernanke speech in focus

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.26% against the USD and closed at 1.4372, following a disappointing German business confidence data and on speculations that Germany could ban short-selling. The euro also slipped against the greenback as … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on August 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.50% against the USD to close at 1.0458. In the Asian session at 3:00GMT, the pair is trading at 1.0443, 0.14% lower from yesterday’s close at 23:00 GMT. LME Copper prices … Continue reading →

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USD/CAD: Canadian Dollar rises in line with improving risk appetite, trading flat this morning

Posted on August 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD to close at 0.9872. The Canadian dollar strengthened versus US dollar yesterday, as investors favoured riskier assets ahead of Federal Reserve Chairman, Ben Bernanke’s statement on Friday. … Continue reading →

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USD/CHF: Greenback climbed after US durable orders jump‎, trading lower this morning

Posted on August 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.35% against the CHF and closed at 0.7958, as concerns over the weakening US economy eased after US data indicated a rise in durable-goods orders. In the US, durable goods orders … Continue reading →

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USD/JPY: Yen declines on Japan’s new $100 billion fund, trading higher this morning

Posted on August 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.33% against the JPY and closed at 77.00, after Japanese officials introduced a new $100 billion fund intended to curtail the currency’s persistent strength. In the US, on a seasonally adjusted … Continue reading →

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GBP/USD: Pound continued to trade lower this morning, UK’s consumer confidence drops

Posted on August 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.76% against the USD and closed at 1.6367. In the UK, the Nationwide’s consumer confidence index retreated to 49.0 in July, compared to 51.0 in June. The pair opened the Asian … Continue reading →

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EUR/USD: Euro edges lower

Posted on August 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.15% against the USD and closed at 1.4409, after another round of downbeat economic data in Europe dented investor sentiment. New industrial orders in the Euro-zone declined unexpectedly by 0.7% (MoM) … Continue reading →

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USD/CAD: Canadian dollar rose on upbeat Canadian retail sales data, trading lower this morning

Posted on August 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CAD to close at 0.9882. Canadian dollar rose after retail sales in Canada increased 0.7% (M-o-M) in June, from 0.3% in May. The Bank of Canada Deputy Governor, … Continue reading →

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USD/CHF: Swiss Franc slides against greenback

Posted on August 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.46% against the CHF and closed at 0.7930. In Switzerland, the trade surplus rose to CHF 2.82 billion in July, compared to a trade surplus of CHF 1.77 billion recorded in … Continue reading →

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AUD/USD: Pair trading between its MA’s

Posted on August 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.82% against the USD to close at 1.0489. The Reserve Bank of Australia’s Deputy Governor, Ric Battellino, stated that inflation remains a big concern for policy makers. Additionally, this morning, the … Continue reading →

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USD/JPY: Japanese yen continues to trade higher this morning; Japan debt rating cut to Aa3

Posted on August 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 76.75. In the economic news, this morning, the corporate service price index in Japan declined 0.5% (Y-o-Y) in July, following a 0.8% decline in … Continue reading →

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