USD/CAD: Loonie trading well below its MA’s

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.55% against the CAD, on Friday, to close at 0.9547, after the economic report showed that the Canada’s gross domestic product contracted in May. In Canada, the gross domestic product decreased 0.3% … Continue reading →

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USD/CHF: Dollar edges up against Swiss Franc this morning

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 2.05% against the CHF, on Friday, and closed at 0.7850. Swiss franc surged sharply against dollar as financial concerns in the US and the Euro zone, spurred demand for safe-haven assets. … Continue reading →

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USD/JPY: Yen losses steam on US debt deal

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.26% against the JPY, on Friday, and closed at 76.81, amid concerns that the US credit-ratings may be downgraded. In the economic news on Friday, the annualized housing starts in Japan … Continue reading →

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GBP/USD: Pair is trading higher ahead of UK manufacturing PMI data

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD, on Friday, and closed at 1.6432. In the UK, the money supply, on monthly basis, decreased 0.5% in June, following a 0.1% gain in the previous three … Continue reading →

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EUR/USD: EUR trading lower against greenback, after US debt deal close

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD, on Friday, and closed at 1.4399, after the report showed that showed the US economy expanded less than expected in the second quarter of 2011. However, euro … Continue reading →

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AUD/USD: Aussie continues to remain softer as US debt limit deadline nears

Posted on July 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD to close at 1.0999, as investors waited to see whether US lawmakers would be able to agree on a plan to raise the country’s borrowing limit and … Continue reading →

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USD/CAD: Pair trading higher this morning, Investors awaits Canadian GDP data

Posted on July 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 0.9495. In the Asian session at 3:00GMT, the pair is trading at 0.9503, 0.08% higher from yesterday’s close at 23:00 GMT. The first area … Continue reading →

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USD/CHF: No breakthrough in US debt talks, Greenback trading lower in the Asian session

Posted on July 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.8014, as investors remain worried over the impending debt ceiling deadline. In the US, the National Association of Realtors (NAR) reported that, on a … Continue reading →

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USD/JPY: Japanese yen continues surge, industrial output climbs 3.9% in June

Posted on July 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.17% against the JPY and closed at 77.79. In Japan, this morning, the industrial production rose 3.9% (M-o-M) in June following a 6.2% rise in May. The unemployment rate came in … Continue reading →

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GBP/USD: Trading below short term moving averages

Posted on July 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.6361. In the UK, the consumer confidence declined to -30.0 in July from -25.0 in the previous month. Additionally, the Confederation of British Industry … Continue reading →

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EUR/USD: Euro turns red as concerns shift from US to Europe, trading higher this morning

Posted on July 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.4324, as weak European economic data and a jump in Italy’s borrowing costs heightened concerns over the Euro zone debt crisis. Meanwhile, the ongoing … Continue reading →

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