USD/CHF: Swiss Franc weakness continues‎ in the Asian session

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CHF and closed at 0.7841. In Switzerland, on an annual basis, the producer and import price index declined 0.6% in July, compared to a 0.4% fall recorded in … Continue reading →

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USD/JPY: Pair trading above its MA’s

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.86. In the US, Department of Treasury reported that the total net long-term TIC flows in the US fell to $3.7 billion in June, … Continue reading →

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EUR/USD: Euro rose ahead of France-German summit, trading flat this morning

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.16% against the USD and closed at 1.4437. Euro was supported by investors speculation that the meeting between French President Nicolas Sarkozy and the German Chancellor Angela Merkel would result in … Continue reading →

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AUD/USD: Aussie continues to trade higher

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.98% against the USD to close at 1.0480, as rise in the US stock markets overshadowed the weak US economic data, raising appeal for high yielding assets. In the Asian session … Continue reading →

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GBP/USD: Pound trading lower

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6379. Bank of England policy maker, David Miles has stated that the UK economy is on a fragile recovery path and a second bout … Continue reading →

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AUD/USD: Australian dollar continues to add to Friday’s gains

Posted on August 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.13% against the USD, on Friday, to close at 1.0347. In the Asian session at 3:00GMT, the pair is trading at 1.0407, 0.58% higher from Friday’s close at 23:00 GMT. LME … Continue reading →

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

Posted on August 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD, on Friday, to close at 0.9866. In the US, the retail sales increased 0.5% (M-o-M) in July, following 0.3% growth in June. In the Asian session at … Continue reading →

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USD/CHF: Swiss Franc continues to trade lower as peg talk persists

Posted on August 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 2.13% against the CHF, on Friday, and closed at 0.7777, on speculation that Swiss National Bank would act further to weaken the Franc. In the US, the business inventories grew 0.3% … Continue reading →

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USD/JPY: Yen trading lower on intervention threats

Posted on August 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.21% against the JPY, on Friday, and closed at 76.67. In Japan, on Friday, the industrial output rose 3.8% (M-o-M) in June, following a 3.9% growth in the previous month. The … Continue reading →

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GBP/USD: Trading flat in the Asian session

Posted on August 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.32% against the USD, on Friday, and closed at 1.6276. In the UK, this morning, the Rightmove House Price Index declined 2.1% (M-o-M) in August, following a 1.6% decline in the … Continue reading →

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EUR/USD: Euro continues its upward journey

Posted on August 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD, on Friday, and closed at 1.4248. The greenback came under pressure, after the reports showed that the US consumer confidence fell more than expected in August. The … Continue reading →

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