GBP/USD: Pound retreats in the Asian session

Posted on August 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6493. In the UK, the British Bankers’ Association (BBA) reported that the number of mortgage approvals for house purchases rose to 33,417 in July, … Continue reading →

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EUR/USD: Euro trading lower in Asian session

Posted on August 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.49% against the USD and closed at 1.4431. In the economic news, the manufacturing Purchasing Managers’ Index (PMI) in the Euro-zone declined to a reading of 49.7 in August, compared to … Continue reading →

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USD/CHF: Swiss Franc weighed down by intervention fears, trading higher this morning

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.7894. Swiss franc declined against the greenback as investors expected that the central bank would take further steps to weaken the currency. In the … Continue reading →

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USD/CAD: CAD continues to zoom higher in line with oil prices

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined slightly against the CAD to close at 0.9906. Canadian dollar traded slightly higher against the US dollar amid rise in the crude oil prices. In the Asian session at 3:00GMT, the … Continue reading →

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AUD/USD: Aussie zooms higher this morning

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.43% against the USD to close at 1.0404. In the Asian session at 3:00GMT, the pair is trading at 1.0434, 0.29% higher from yesterday’s close at 23:00 GMT. A private report … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.85, amid speculation that Japanese officials would intervene to curb gains, after Japanese Finance Minister Yoshihiko Noda stated that excessive movements in the yen … Continue reading →

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

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.6463. Bank of England Policy Maker, Ben Broadbent stated that the outlook for the UK and global economies has deteriorated in recent months but … Continue reading →

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EUR/USD: EUR trading higher this morning

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.4360, amid speculation that the Federal Reserve Chairman, Ben S. Bernanke would signal additional steps to bolster the US economy. The German Finance Ministry … Continue reading →

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AUD/USD: Aussie erases Friday’s losses, trading higher this morning

Posted on August 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.12% against the USD, on Friday, to close at 1.0373, as signs that the global economy is slowing, reduced demand for higher-yielding assets. In the Asian session at 3:00GMT, the pair … Continue reading →

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USD/CHF: Pair trading flat in the Asian session

Posted on August 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.13% against the CHF, on Friday, and closed at 0.7854. In the Asian session, at 3:00GMT, the pair is trading at 0.7848, marginally lower from Friday’s close at 23:00 GMT. The … Continue reading →

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USD/CAD: Canadian Dollar continues to cement gains this morning

Posted on August 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.12% against the CAD, on Friday, to close at 0.9897. Canadian dollar rose against the greenback after reports showed that Canada’s consumer price index was right in line with expectations. The … Continue reading →

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