GBP/USD: Pound backpedals this morning after yesterday’s surge

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6438, as the ECB President, Jean-Claude Trichet, signaled his support for Greek government bond rollovers, lifting demand for riskier assets. Meanwhile, the US FED, … Continue reading →

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EUR/USD: Trading below its MA

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.4684. The Fed Chairman, Ben Bernanke stated that the US economy would pick up in the second half of the year as the labor … Continue reading →

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AUD/USD: Trading flat this morning, RBA’s interest rate decision awaited

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.21% against the USD to close at 1.0726. In Australia, the Australian industry group and housing industry association have reported that the construction index rose to 39.6 in May, from 37.9 … Continue reading →

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USD/CAD: Loonie declines on weaker oil prices

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 0.9797, amid concerns about the slowing US economy and weakened oil prices. In the US, the Federal Reserve Bank of Philadelphia President, Charles Plosser, … Continue reading →

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USD/CHF: Pair continues its upward journey

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CHF and closed at 0.8349. In the Asian session, at 3:00GMT, the pair is trading at 0.8352, 0.04% higher from yesterday’s close at 23:00 GMT. The pair has … Continue reading →

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USD/JPY: Yen gains on risk aversion

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.16% against the JPY and closed at 80.13, as slowing global economy spurred investors demand for Yen as refuge. Federal Reserve Bank of Dallas President, Richard Fisher stated that the central … Continue reading →

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GBP/USD: Trading lower this morning after dismal same store sales data

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.63% against the USD and closed at 1.6349. The IMF’s annual economic assessment of the UK indicates that economic recovery is broadly on track, though the UK may need to consider … Continue reading →

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EUR/USD: Trading flat this morning

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.4579, after the Euro-zone Finance Minister, Jean-Claude Juncker stated that second Greek bailout was not yet certain, although speculation that Greece would be able … Continue reading →

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AUD/USD: Aussie continues to zoom higher

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD, on Friday, to close at 1.0715. In Australia, the TD securities inflation rose by 0.2% in May from 0.3% increase in April. Meanwhile, the Australian ANZ job … Continue reading →

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USD/CAD: Loonie tad higher this morning

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD on Friday, to close at 0.9781. In the Asian session at 3:00GMT, the pair is trading at 0.9779, 0.02% lower from yesterday’s close at 23:00 GMT. The … Continue reading →

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USD/CHF: Greenback tumbles after US jobs data, trading higher this morning

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.14% against the CHF, on Friday, and closed at 0.8333. The dollar fell against Swiss franc on Friday after a report showed the US economy created far fewer jobs than expected … Continue reading →

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