EUR/USD: Euro declined on Trichet comments and Greek economic woes

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.4513. The European Central Bank (ECB) maintained its key interest rate unchanged at 1.25%, matching market estimates, and rejected any direct participation by the … Continue reading →

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USD/CAD: Trading lower in the Asian session

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.53% against the CAD to close at 0.9795. In the US, the mortgage application volume, on a seasonally adjusted basis, declined by 0.4% in the week ended 3 June 2011, from … Continue reading →

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AUD/USD: Trading lower in the Asian session

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.70% against the USD to close at 1.0639. According to the US Federal Reserve’s latest Beige Book, economic activity has dropped off in several regions of the US, although the broader … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CHF and closed at 0.8358. In Switzerland, the unemployment rate, on a seasonally adjusted basis, declined to 3.0% in May, compared to an unemployment rate of 3.1% recorded … Continue reading →

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USD/JPY: Trading higher this morning

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.32% against the JPY and closed at 79.90, after the Ben Bernanke statement, on late Tuesday, raised concerns over the slow US economic recovery. In Japan, yesterday, the current conditions index … Continue reading →

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GBP/USD: Pound declined yesterday after Moody’s warning on the UK’s Aaa credit rating

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6397, after the Moody’s Investors Service stated that the Britain’s AAA credit rating could be threatened if growth remains weak and the government does … Continue reading →

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EUR/USD: ECB interest rate decision awaited

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.4592, amid poor Germany economic data and ahead of European Central Bank’s interest rate decision to be released today. In the Euro zone, the … Continue reading →

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AUD/USD: Pair continues its downward journey

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0714, after the RBA held its base interest rate unchanged and stated that the current policy settings are “appropriate.” In the Asian session at … Continue reading →

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USD/CAD: Trading higher this morning

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.55% against the CAD to close at 0.9743, as investors bought riskier assets. In the US, the Atlanta Federal Reserve President Dennis Lockhart, stated that the recent struggles of the US … Continue reading →

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USD/CHF: Swiss unemployment data awaited today

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.17% against the CHF and closed at 0.8363, as data on consumer prices from Switzerland damped the speculation that the nation’s central bank would the raise borrowing costs. In Switzerland, the … Continue reading →

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USD/JPY: Pair is trading lower this morning

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 80.16. In the US, the Federal Reserve Bank of New York President, William C. Dudley stated that US must reduce the federal budget deficit … Continue reading →

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