USD/JPY: Intervention talk keeps yen in check

Posted on August 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.18% against the JPY, on Friday, and closed at 76.51. In Japan, on Friday, the all industry activity index rose 2.3% (M-o-M) in June following a 1.8% increase in the previous … Continue reading →

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GBP/USD: Pair converging with its MA’s

Posted on August 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD, on Friday, and closed at 1.6452. In the UK, the public sector net borrowing, excluding financial interventions, declined to £20.0 million in July, compared to £3.5 billion … Continue reading →

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EUR/USD: Euro trading lower this morning, after Friday’s surge

Posted on August 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD, on Friday, and closed at 1.4390. The Economic and Monetary Affairs Commissioner, Olli Rehn, indicated that the European Commission plans to initiate the Euro bond proposal despite … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session‎

Posted on August 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.23% against the USD to close at 1.0490. In the US, for the week ended 13 August 2011, initial jobless claims rose to 408,000, compared to the previous week’s revised figure … Continue reading →

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USD/JPY: Japan’s Noda hints intervention, Yen trading higher in the Asian session

Posted on August 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 76.65, amid fears on intervention by Japanese authorities. Yesterday, Japan’s Finance Minister, Yoshihiko Noda stated that he would continue to monitor the foreign exchange … Continue reading →

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USD/CAD: Pair trading marginally lower, investors awaits consumer price data in Canada

Posted on August 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.10% against the CAD to close at 0.9909. Canadian dollar declined against the greenback as lower commodity prices decreased the demand for the commodity linked currency. In Canada, on a monthly … Continue reading →

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USD/CHF: Swiss Franc fell amid rumours of SNB intervention in forwards, trading flat in Asian session

Posted on August 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.62% against the CHF and closed at 0.7944. The Swiss franc fell against the dollar on Thursday, amid rumours that the Swiss National Bank (SNB) was adding liquidity via the currency … Continue reading →

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EUR/USD: EUR rebounds in the Asian session

Posted on August 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD and closed at 1.4311, amid rising fears that the European banking system is on the verge of a meltdown. With the region’s sovereign debt crisis unresolved despite … Continue reading →

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GBP/USD: UK’s retail sales growth slows more-than-expected, Pound trading flat this morning

Posted on August 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD and closed at 1.6492. In the UK, the retail sales increased 0.2% (M-o-M) in July, against the market expectation of 0.3% rise in July. Additionally, on a … Continue reading →

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AUD/USD: Aussie continues its upward journey in the Asian session

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.35% against the USD to close at 1.0466, amid rise in the commodity prices. In the Asian session at 3:00GMT, the pair is trading at 1.0512, 0.44% higher from yesterday’s close … Continue reading →

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USD/CAD: Canadian dollar rose as crude oil price records gains, trading marginally lower this morning

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD to close at 0.9801, amid rise in oil prices. In the US, on a monthly basis, the producer price index rose 0.2% in July, following a 0.4% … Continue reading →

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