USD/JPY: Pair trading flat this morning

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.86% against the JPY, on Friday, and closed at 80.26. The greenback was under pressure on Friday after release of poor US employment data, raising concerns over the economic recovery. The … Continue reading →

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GBP/USD: Cementing gains

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD, on Friday, and closed at 1.6425. In the UK, the business activity index fell to 53.8 in May, compared to a reading of 54.3 posted in the … Continue reading →

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EUR/USD: Euro advances as debt crisis concerns ease

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.08% against the USD, on Friday, and closed at 1.4637, after the European Officials agreed for a new aid package for Greece, easing concerns over the region’s debt crisis. In the … Continue reading →

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USD/CAD: Loonie skids in Asian session

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.16% against the CAD to close at 0.9752, amid further indications of weakening of the US economy. The Moody’s Investors Service stated that it may put US government’s Aaa credit rating … Continue reading →

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AUD/USD: Aussie erases yesterday’s gain, trading flat this morning

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0674. In Australia, the seasonally adjusted performance of services index fell by 1.6 points to 49.9 in May from 51.5 points recorded in the … Continue reading →

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GBP/USD: Pound trading lower this morning, BoE’s Fisher comments weigh

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6362. In the UK, the purchasing managers’ index (PMI) for construction sector activity rose to54.0 in May, following a reading of 53.3 in posted … Continue reading →

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USD/CHF: Swiss Franc trading lower in Asian session

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CHF and closed at 0.8429. In the US, the initial jobless claims fell to 422,000, compared to the previous week’s revised figure of 428,000. Additionally, the continuing claims … Continue reading →

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USD/JPY: Pair trading tad below its MA’s

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 80.96. In Japan, yesterday, the Bank of Japan (BoJ) policy board member, Seiji Nakamura, stated that Japan’s economic recovery is set to accelerate in … Continue reading →

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EUR/USD: Euro recovers, extends gains versus greenback

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.96% against the USD and closed at 1.4481, boosted by Greek concessions and reassuring comments from German Chancellor, Angela Merkel. The Euro rallied, after the reports that suggested Greece would offer … Continue reading →

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AUD/USD: Greenback continues to zoom higher against Australian dollar

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD to close at 1.0631. In Australia, the trade balance stood at A$1.59 billion in April following a surplus of A$1.74 billion in March. In the Asian session … Continue reading →

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USD/CAD: Loonie skids after dismal US data

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.96% against the CAD to close at 0.9768, as downbeat US economic news fueled investor fears over the health of the US recovery. In the US, the mortgage application volume, on … Continue reading →

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