GBP/USD: Pound stays lower after BoE hold rates steady

Posted on July 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.22% against the USD and closed at 1.5977. The Bank of England held its key rate unchanged at 0.5% and maintained bond purchase program at £200 billion. In the UK, the … Continue reading →

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EUR/USD: Euro rose as ECB lends support to Portuguese banks, trading lower this morning

Posted on July 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.20% against the USD and closed at 1.4360, as investors concerns quelled after the European Central Bank President Jean-Claude Trichet extended more support to the region’s sovereign-debt problems. The European Central … Continue reading →

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AUD/USD: Aussie surges on strong jobs data

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 1.0694. In the Asian session at 3:00GMT, the pair is trading at 1.0757, 0.59% higher from yesterday’s close at 23:00 GMT, after a government … Continue reading →

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USD/CAD: Loonie trading lower this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.16% against the CAD to close at 0.9647, after China’s interest rate hike reduced the demand for high yielding assets. In the US, the mortgage application volume, on a seasonally adjusted … Continue reading →

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USD/JPY: Japanese Yen rises on new budget, trading lower this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 80.95. The Japanese yen made gains against the greenback on Wednesday, following a government approval of a new budget aimed at kick starting the … Continue reading →

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USD/CHF: Swiss Franc rose on doubt over rescue for Greece, trading flat this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CHF and closed at 0.8395. The Swiss franc rose, as doubt over a plan to save Greece from a debt default and concern over inflation in China boosted … Continue reading →

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GBP/USD: GBP slides despite higher home and retail prices, Investors eye BoE interest rate decision

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.34% against the USD and closed at 1.6012. In the UK, the Halifax house prices rose by 1.2% (M-o-M) in June from 0.4% increase in the previous month. Also during early … Continue reading →

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EUR/USD: Euro declined on lingering sovereign debt woes, trading flat this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.68% against the USD and closed at 1.4332, as concerns over Europe’s sovereign debt problems outweighed a widely expected interest rate hike by the European Central Bank. Concern that Greece’s debt … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on July 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.38% against the CAD to close at 0.9632. The Canadian dollar slipped for a second session against the greenback, yesterday, after a major ratings agency downgraded Portugal and as poor European … Continue reading →

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AUD/USD: Aussie declined yesterday, after RBA holds rate steady, trading higher this morning

Posted on July 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.45% against the USD to close at 1.0691, after the Reserve Bank of Australia (RBA) left its key interest rates unchanged and stated that growth for this year is unlikely to … Continue reading →

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GBP/USD: Pound trading marginally higher

Posted on July 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.6067. Pound came under pressure, yesterday, after Barclays Capital revised down its forecast for the British pound, citing disappointing economic data. In the UK, … Continue reading →

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