USD/JPY: Yen plummets on intervention, trading higher this morning

Posted on August 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 2.87% against the JPY and closed at 79.33, as Japan intervened to curb yen’s gain. The Bank of Japan raised its total asset-purchase program to approximately ¥50 trillion, from ¥40 trillion … Continue reading →

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GBP/USD: Cementing gains

Posted on August 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.24% against the USD and closed at 1.6228. The Monetary Policy Committee of the Bank of England (BoE) retained its key interest rate at 0.5%, in-line with market estimates. Additionally, the … Continue reading →

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EUR/USD: Euro slumps after ECB action

Posted on August 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 2.00% against the USD and closed at 1.4066, after the European Central Bank (ECB) President Jean-Claude Trichet stated that he saw downside risks to the regional growth amid growing uncertainties surrounding … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 0.9610. In the US, the non-manufacturing index dropped to a reading of 52.7 in July, following a reading of 53.3 in June. Additionally, for … Continue reading →

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AUD/USD: Trading lower in the Asian session

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0761. In the Asian session at 3:00GMT, the pair is trading at 1.0705, 0.52% lower from yesterday’s close at 23:00 GMT. LME Copper prices … Continue reading →

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USD/CHF: Franc tumbles as SNB cut interest rates

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.68% against the CHF and closed at 0.7704, amid SNB interest rate decision. The Swiss central bank cut interest rates and stated that it would increase the supply of Francs to … Continue reading →

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GBP/USD: Pound trading lower this morning; NIESR lowers UK growth outlook

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.96% against the USD and closed at 1.6431. In the UK, the Purchasing Managers’ Index (PMI) for services rose to a reading of 55.4 in July, following a reading of 53.9 … Continue reading →

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USD/JPY: Yen slides after Japan intervenes to curb its rise

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.21% against the JPY and closed at 77.12. In the US, the number of employed people in non-farm private business sector rose 114,000 in July, in comparison with downwardly revised 145,000 … Continue reading →

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EUR/USD: Greenback declined versus Euro, as slowdown spurs easing prospects, trading higher this morning

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.28% against the USD and closed at 1.4353. The greenback fell versus the Euro, on speculation the Federal Reserve would consider increasing monetary stimulus to counter a slowdown in the US … Continue reading →

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USD/CAD: Loonie fell on risk aversion, trading flat in this morning

Posted on August 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9616, as fears over the slowdown in the US economic recovery diminished appeal for high-yielding assets. On a monthly basis, the personal income in … Continue reading →

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AUD/USD: Australian dollar continues to fall, disappointing retail sales and trade data dampens investor sentiment

Posted on August 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 2.11% against the USD to close at 1.0741, after the Reserve Bank of Australia (RBA) decided to keep the cash rate on hold for at least another month. Australia’s central bank … Continue reading →

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