USD/CHF: Greenback fell more than 2% against Swiss Franc, trading higher this morning

Posted on August 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 2.58% against the CHF and closed at 0.7652. Swiss franc soared high against dollar as investors shifted to safe-haven assets over raised concerns about the slowing US economic recovery coupled with … Continue reading →

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

Posted on August 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 77.28. In the US, on a monthly basis, the consumer expenditure declined 0.2% in June, compared to a revised 0.1% rise posted in the … Continue reading →

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GBP/USD: Pound slipped on IMF comments and poor UK construction data, trading flat this morning

Posted on August 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.6275, amid poor UK construction data. In the UK, construction Purchasing Managers’ Index (PMI) declined to a reading of 53.5 in July, following a … Continue reading →

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EUR/USD: Trading higher after yesterday’s fall, Euro-zone debt back on the agenda

Posted on August 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.61% against the USD and closed at 1.4172, on speculation that the European Central Bank would signal an interest-rate hike at its meeting tomorrow. Further, the Euro was also pressurized by … Continue reading →

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USD/JPY: Yen erases gains on intervention talk, trading flat this morning

Posted on August 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.27% against the JPY and closed at 77.43, after speculation that the Japanese government would intervene in the currency market. Japan’s Nikkei newspaper reported that Japan’s government was planning to intervene … Continue reading →

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AUD/USD: Weak global manufacturing data weighed on Australian dollar, tad higher this morning

Posted on August 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 1.0972, after the release of disappointing manufacturing data in the US and the UK. In Australia, this morning, the total number of building approvals … Continue reading →

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USD/CAD: Trading flat this morning

Posted on August 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD to close at 0.9555. Loonie weakened on concern that the US economy, the main destination for Canadian exports, is losing momentum amid downbeat manufacturing data. In the … Continue reading →

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USD/CHF: Greenback declined against Swiss Franc on rating risk

Posted on August 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.65% against the CHF and closed at 0.7855, on investor concerns that a deal to raise the US borrowing limit would not be enough to avoid a downgrade to the country’s … Continue reading →

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GBP/USD: UK manufacturing dip drags Pound, trading higher in Asian session

Posted on August 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.6298, amid poor UK manufacturing data. In the UK, the manufacturing Purchasing Managers’ Index (PMI) declined to a reading of 49.1 in July, following … Continue reading →

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EUR/USD: Euro tumbles as weak data spurs risk aversion, trading marginally higher this morning

Posted on August 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.77% against the USD and closed at 1.4259, amid lingering concerns about economic recovery and sovereign debt problems. In the economic news, the manufacturing Purchasing Managers Index (PMI) in the Euro … Continue reading →

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AUD/USD: AUD trading higher as risk appetite rose on US debt breakthrough

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD, on Friday, to close at 1.1006, In the morning news, the manufacturing activity index in Australia declined to 43.4 in July from 52.9 in June. Additionally, this … Continue reading →

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