USD/CHF: Pair trading above its MA’s

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.94% against the CHF and closed at 0.8448. In Switzerland, the State Secretariat for Economic Affairs (SECO) retained its growth forecast for gross domestic product (GDP) at 2.1% for 2011. Meanwhile, … Continue reading →

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USD/CAD: Loonie trading flat in Asian session

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.80% against the CAD to close at 0.9686, supported by economic data from the US and China. In the US, the producer price index, on monthly basis rose by 0.2% in … Continue reading →

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USD/JPY: Japanese yen trading higher this morning

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 80.53. The Bank of Japan board voted unanimously to maintain its unsecured overnight call loan rate target unchanged in a range of 0.0%-0.1%. The … Continue reading →

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GBP/USD: Pound advances as inflation data stokes bets on rate increase, trading lower this morning

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6380, after the inflation report in the UK raised speculation that the Bank of England would raise interest rates. In the UK, the consumer … Continue reading →

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EUR/USD: Greenback regains this morning

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4445. In the US, the retail sales on monthly basis declined 0.2% to $387.1 billion in May, the first drop since June 2010. In … Continue reading →

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USD/CHF: Swiss Franc shines on euro-zone woes, global growth concerns

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.66% against the CHF and closed at 0.8369, as investors avoided the euro due to ongoing uncertainty over a Greek debt plan and ignored the dollar on signs of a slowing … Continue reading →

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AUD/USD: Aussie advances, China’s CPI not as bad as feared

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.59% against the USD to close at 1.0599, after data showed that China’s growth remains steady, boosting demand for the South Pacific nation’s exports. In the US, the Federal Reserve Bank … Continue reading →

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USD/CAD: Canadian dollar heads higher

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9764, despite further sharp declines in the price of oil. In the Asian session at 3:00GMT, the pair is trading at 0.9741, 0.24% lower … Continue reading →

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USD/JPY: Dollar a tad higher this morning

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 80.16. In Japan, this morning, the business survey index of sentiment of large manufacturers, on quarterly basis, declined to -23.3 in the second quarter … Continue reading →

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GBP/USD: Pound continues to rise against greenback

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.6363. In the UK, the RICS home price index declined to -28.0 in May compared to a reading of -21.0 in April. The pair … Continue reading →

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EUR/USD: S&P downgrades Greece, Euro trading higher this morning

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD and closed at 1.4410. However gains were capped, after Standard & Poor’s cut Greece’s sovereign rating. Standard & Poor’s downgraded Greece to triple-C, with a negative outlook, … Continue reading →

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