GBP/USD: Pound trading lower amid drop in consumer confidence data

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6162, after the release of Bank of England minutes. The Bank of England policy meeting minutes showed that seven of nine members of the … Continue reading →

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USD/JPY: Japanese Yen extends its gain in the Asian session

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 78.79. The Bank of Japan (BoJ) Deputy Governor, Hirohide Yamaguchi has indicated that the BoJ would take appropriate policy actions in a flexible and … Continue reading →

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EUR/USD: Trading lower this morning, EU summit in focus

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.66% against the USD and closed at 1.4267, on optimism that the European politicians would take steps to resolve the debt crisis. EUR surged after the German Chancellor, Angela Merkel and … Continue reading →

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AUD/USD: Aussie rose as US debt plan takes shape, trading lower this morning

Posted on July 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.14% against the USD to close at 1.0740, after a bi-partisan plan to avoid a US debt default emerged in the US overnight. According to media reports, a bipartisan group of … Continue reading →

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USD/CHF: Greenback hold gains versus Swiss Franc as Obama endorses deficit-cutting plan

Posted on July 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.83% against the CHF and closed at 0.8241, after the US President, Barack Obama endorsed deficit-cutting measures as a step toward raising the debt ceiling and avoiding default. In the US, … Continue reading →

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USD/CAD: Loonie gained on BoC interest rate decision‎

Posted on July 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.97% against the CAD to close at 0.9501. Canadian dollar gained, after the Bank of Canada (BoC) signaled an interest-rate hike within the next few months. BoC kept its main interest … Continue reading →

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GBP/USD: Trading lower ahead of BoE Minutes

Posted on July 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.42% against the USD and closed at 1.6134. The pair opened the Asian session at 1.6134, and is trading at 1.6126 at 3.00GMT. The pair is trading 0.05% lower from yesterday’s … Continue reading →

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USD/JPY: Greenback continues to trade higher this morning

Posted on July 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.08% against the JPY and closed at 79.13. Bank of Japan Deputy Governor, Hirohide Yamaguchi has stated that he is focusing on the negative impact a stronger yen could have on … Continue reading →

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EUR/USD: Euro rose ahead of crucial debt summit, trading lower in Asian session

Posted on July 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.4174, on hopes that European officials would make progress to provide further aid for Greece at a summit later this week. In the economic … Continue reading →

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AUD/USD: Aussie down on RBA minutes, trading flat this morning

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.33% against the USD to close at 1.0619. Minutes from the most recent Reserve Bank of Australia (RBA) board meeting reveal a greater concern with the global economy and less emphasis … Continue reading →

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USD/CAD: Loonie down on debt concerns, trading flat this morning; BoC interest rate decision in focus

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.54% against the CAD to close at 0.9594, as concerns of sovereign debt default in Europe and the United States weighed on investor sentiment. In economic news, the foreign investment in … Continue reading →

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