GBP/USD: Pound continues to trade lower this morning

Posted on August 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.57% against the USD and closed at 1.6329. In the UK, the Royal Institution of Chartered Surveyors (RICS) indicated that the index measuring house prices advanced to -22.0 in July, from … Continue reading →

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EUR/USD: Euro weighed on concerns over a European solvency crisis, trading higher this morning

Posted on August 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.01% against the USD and closed at 1.4180. Even with the US credit downgrade and the European Central Bank aggressive bond buying of Italian and Spanish bonds, the euro lost ground … Continue reading →

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AUD/USD: Australian dollar slides on US rating downgrade

Posted on August 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD, on Friday, to close at 1.0452. In the Asian session at 3:00GMT, the pair is trading at 1.0377, 0.72% lower from Friday’s close at 23:00 GMT, as … Continue reading →

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USD/CAD: Trading flat, after Friday’s rise

Posted on August 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD, on Friday, to close at 0.9812. In the US, the non-farm payroll employment increased by 117,000 jobs in July, following an upwardly revised increase of 46,000 jobs … Continue reading →

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USD/CHF: Swiss Franc trading higher, investors await Swiss unemployment data

Posted on August 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.16% against the CHF, on Friday, and closed at 0.7670. In the US economic news, the consumer credit increased by $15.5 billion in June, the biggest gain since August 2007, following … Continue reading →

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GBP/USD: British Pound up on economic data, trading higher this morning

Posted on August 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 1.01% against the USD, on Friday, and closed at 1.6392. In the UK, the output price inflation, on an annual basis, rose to 5.9% in July, the highest since October 2008 … Continue reading →

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USD/JPY: Yen continues to rise against greenback

Posted on August 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.21% against the JPY, on Friday, and closed at 78.37. In Japan, on Friday, the bank lending, on an annual basis, dropped 0.6% to ¥392.745 trillion in July. Meanwhile, the leading … Continue reading →

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EUR/USD: Euro rose on news that ECB would buy Italian debt

Posted on August 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.51% against the USD, on Friday, and closed at 1.4278, after reports indicated that the European Central Bank (ECB) would commence purchasing Italian bonds in exchange for fiscal reforms. Late Friday, … Continue reading →

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AUD/USD: Australian dollar trading higher this morning, little reaction to RBA’s action

Posted on August 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 3.06% against the USD to close at 1.0432, as concerns over the US economy and the European sovereign debt crisis deepened. Today morning, the Reserve Bank of Australia (RBA) slashed its … Continue reading →

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USD/CAD: Pair trading above its MA’s

Posted on August 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 2.06% against the CAD to close at 0.9808. In the Asian session at 3:00GMT, the pair is trading at 0.9780, 0.29% lower from yesterday’s close at 23:00 GMT. The first area … Continue reading →

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USD/CHF: Trading lower in the Asian session, Swiss CPI awaited

Posted on August 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.60% against the CHF and closed at 0.7658. In the US, the initial jobless claims edged down to 400,000 for the week ended 30 July, from the previous week’s revised figure … Continue reading →

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