EUR/USD: Euro rose above $1.45 on US debt concerns, trading flat this morning

Posted on July 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.93% against the USD and closed at 1.4505, as the US edged closer to missing a dealing to raise its debt ceiling. If Congress fails to raise the nation’s debt limit … Continue reading →

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USD/CAD: Loonie rises over the US debt concerns

Posted on July 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.26% against the CAD to close at 0.9471, as US lawmakers failed to find consensus on raising the nation’s $14.3 trillion debt ceiling. In the Asian session at 3:00GMT, the pair … Continue reading →

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AUD/USD: AUD rallies as investors flee greenback

Posted on July 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.08% against the USD to close at 1.0848, as investors sought alternatives to the greenback with the US lawmakers remaining at odds on how to raise the debt ceiling and avoid … Continue reading →

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USD/JPY: Yen trading higher this morning, BOJ Shirakawa warns of yen rise pain on Japan economy‎

Posted on July 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 78.30. Bank of Japan Governor, Masaaki Shirakawa stated yesterday that recent yen rises could hurt the country’s economic outlook by undermining exports and corporate … Continue reading →

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USD/CHF: Greenback drops to record low versus Franc on US debt stalemate

Posted on July 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.95% against the CHF and closed at 0.8054. The US dollar remained under pressure versus the Swiss franc, as the US President, Barack Obama warned that the nation’s burgeoning debt threatens … Continue reading →

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GBP/USD: Pound trading higher this morning ahead of UK GDP release

Posted on July 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6278. In the UK, the number of home loans issued by the BBA increased in June to 31,747, in comparison with 30,803 in April. … Continue reading →

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EUR/USD: EUR fell on Moody’s downgrade of Greece, trading higher this morning

Posted on July 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.4372, after Moody’s Investors Service cut Greece’s credit rating. Moody’s Investors Service lowered Greece’s credit ratings from ‘Caa1’ to ‘Ca’, stating that the European … Continue reading →

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USD/CHF: Swiss franc fell on Greek bailout hopes, trading higher this morning

Posted on July 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.33% against the CHF, on Friday, and closed at 0.8200. Swiss franc declined against its major counterparts as investors’ sold lower yielding franc, after the Euro zone leaders reached a consensus … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on July 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.15% against the USD, on Friday, to close at 1.0850. Australian dollar advanced as investors remained confident that the European debt crisis would be contained, boosting the demand for higher-yielding assets. … Continue reading →

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GBP/USD: Trading flat this morning

Posted on July 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD, on Friday, and closed at 1.6301. In the UK, the house prices declined by 0.1% (M-o-M) in July, posting the third consecutive monthly decline. The pair opened … Continue reading →

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USD/CAD: Trading above its MA’s

Posted on July 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.38% against the CAD, on Friday, to close at 0.9478. In the economic news, the retail sales in Canada rose by 0.1% (M-o-M) in May to C$37.5 billion following a 0.3% … Continue reading →

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