USD/CHF: Swissy trading lower this morning

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.34% against the CHF and closed at 0.8416. Swiss franc rose, as strong economic data in Switzerland boosted investor sentiment. In Switzerland, the purchasing managers’ index rose to 59.2 in May, … Continue reading →

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USD/JPY: Yen trading lower in Asian session

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.64% against the JPY and closed at 80.93, as weaker economic data in US, Europe and China raised concerns that the global economic recovery is slowing. Bank of Japan Governor, Masaaki … Continue reading →

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EUR/USD: Euro loses ground amid Greek debt uncertainty, trading marginally higher in Asian session

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.53% against the USD and closed at 1.4343, following German media reports that the International Monetary Fund would not pay its share of aid to Greece at the end of June. … Continue reading →

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GBP/USD: Pound nosedives on poor UK data

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.6332, after a report from the Chartered Institute of Purchasing and Supply showed that UK manufacturing expanded at the slowest pace in nearly two … Continue reading →

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AUD/USD: Pair trading above its MA’s

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0680, on positive developments about the Greece debt restructuring, despite poor Australian economic data. In Australia, the gross domestic product, on quarterly basis, declined … Continue reading →

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USD/CAD: Loonie rallies on BoC’s surprise tone on rates

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.93% against the CAD to close at 0.9675, after the Bank of Canada surprised investors with some hawkish comments in its policy statement. The Bank of Canada, left its interest rates … Continue reading →

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USD/CHF: GDP slows down more than expected in Switzerland, Swissy trading flat this morning

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.42% against the CHF and closed at 0.8530, as poor economic growth dampened the speculation that the Swiss National Bank would raise borrowing costs. In Switzerland, the gross domestic product, on … Continue reading →

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USD/JPY: Yen trading higher this morning

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.73% against the JPY and closed at 81.45, after Moody’s Investors Service put Japan’s credit rating for review for a possible downgrade. In Japan, yesterday, the housing starts rose by 0.3% … Continue reading →

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GBP/USD: Pares gains as weak US data hurts risk appetite

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6461. The pound trimmed gains against the US dollar yesterday, pulling away from a one-month high after a string of weaker-than-expected US economic data … Continue reading →

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EUR/USD: Euro rose on optimism for Greek aid, trading flat this morning

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.4420, on speculation that the European Union would approve an additional bailout package for Greece, thus easing investor’ fears. In the Asian session, at … Continue reading →

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AUD/USD: Aussie shrugs off slew of downbeat economic reports, trading higher this morning

Posted on May 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0707. In Australia, the current account deficit decreased to A$10.4 billion in the first quarter of 2011 from a deficit of A$8.1 billion in … Continue reading →

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