AUD/USD: Has given up some gains this morning

Posted on July 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.66% against the USD to close at 1.1031. In the Asian session at 3:00GMT, the pair is trading at 1.1030, marginally lower from yesterday’s close at 23:00 GMT. LME Copper prices … Continue reading →

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USD/CAD: Canadian dollar weakens amid US economic slowing concern, trading steady this morning

Posted on July 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.58% against the CAD to close at 0.9489. Canadian dollar declined as oil and other commodities fell, after orders for US durable goods declined in June, sparking concern over the strength … Continue reading →

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USD/CHF: Trading flat in the Asian session

Posted on July 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.8012. In the US, the durable goods orders declined by 2.1% (M-o-M) in June, following a revised 1.9% increase recorded in May. In Switzerland, … Continue reading →

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USD/JPY: US debt crisis continues to fuel Japanese yen gains

Posted on July 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 77.92, as US lawmakers continue to haggle over how to raise the nation’s debt ceiling, leaving the US in danger of defaulting. In the … Continue reading →

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GBP/USD: Pound fell on poor UK factory orders data

Posted on July 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD and closed at 1.6329, after the report showed that UK factory orders declined more than expected and manufacturers’ optimism plunged to the lowest in two years. The … Continue reading →

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EUR/USD: Trading flat this morning

Posted on July 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.4367. Standard & Poor’s on Wednesday downgraded Greece’s sovereign credit rating further into junk territory, lowering it to ‘CC’ from ‘CCC’, stating that the … Continue reading →

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AUD/USD: AUD is trading higher on Australia’s CPI data

Posted on July 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.02% against the USD to close at 1.0959. In the Asian session at 3:00GMT, the pair is trading at 1.1043, 0.77% higher from yesterday’s close at 23:00 GMT, after the Australia’s … Continue reading →

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USD/CHF: Trading higher in the Asian session

Posted on July 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.48% against the CHF and closed at 0.8015, amid concerns that the US may default on its debt next week. In Switzerland, the UBS consumption indicator decreased to 1.48 in June, … Continue reading →

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USD/CAD: Loonie rose amid US debt concerns, trading flat this morning

Posted on July 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.39% against the CAD to close at 0.9434, as investors await a resolution to the debt impasse in the US. In the US, the consumer confidence index rose to 59.5 in … Continue reading →

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GBP/USD: Pound continues its rally in the Asian session on positive UK GDP data

Posted on July 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.87% against the USD and closed at 1.6419, after a report that showed UK economic growth matched market expectations. The gross domestic product (GDP) in the UK rose by 0.2% (Q-o-Q) … Continue reading →

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USD/JPY: Dollar weakens against Yen on US deficit deadlock

Posted on July 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.49% against the JPY and closed at 77.92, on concern that the US may default and face a reduction in its credit rating. The President, Barack Obama administration threatened a presidential … Continue reading →

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