EUR/USD: EUR rebounds in the Asian session

Posted on May 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.4083, as Greece’s sovereign debt situation remained unresolved. The European Central Bank Executive Board member, Juergen Stark, stated that the global imbalances remained a … Continue reading →

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AUD/USD: Aussie erases gains this morning, amid talk of Greek election

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 1.0555, as a rally in commodities and stocks boosted demand for higher-yielding assets. In Australia, the Westpac leading index remained at 0.5% March from … Continue reading →

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USD/CAD: Canadian Dollar slips in Asian session

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 0.9767. In the US, the new home sales, on a seasonally adjusted basis, rose 7.3% to an annual rate of 323,000 in April, compared … Continue reading →

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USD/CHF: Swiss Franc a tad higher this morning

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.47% against the CHF and closed at 0.8801. In the US, the Richmond Federal Reserve Bank indicated that its seasonally adjusted composite index of manufacturing activity fell to a reading of … Continue reading →

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USD/JPY: Showing convergence with its MA’s

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.21% against the JPY and closed at 82.09. The minutes of Bank of Japan’s (BoJ) latest meeting indicated that the sentiment on the BoJ’s board is for further credit easing and … Continue reading →

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GBP/USD: Pound marginally lower this morning, Moody’s puts banks on review

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.55% against the USD and closed at 1.6181. However, gains were capped after Moody’s Investors Service stated that it may lower the credit ratings of 14 British lenders and after a … Continue reading →

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EUR/USD: Euro trading lower in Asian session

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.4098, despite another round of discouraging economic news from the euro zone. In the Euro zone, the industrial new orders, on monthly basis, declined … Continue reading →

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AUD/USD: Aussie halts slide in Asian session

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.26% against the USD to close at 1.0499, amid poor Chinese manufacturing data. The Chinese HSBC manufacturing purchasing manager’s index declined to 51.1 in May from 51.8 in April. In the … Continue reading →

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USD/CAD: Canadian dollar advances in Asian session versus Greenback

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.33% against the CAD to close at 0.9775, as investors cut holdings in growth-linked currencies on the back of a broad sell off in commodities like crude oil. In the Asian … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.8843. In the Asian session, at 3:00GMT, the pair is trading at 0.8846, 0.03% higher from the New York session close. In Switzerland, the … Continue reading →

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USD/JPY: Investors await pointers from the BoJ monetary policy meeting

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.31% against the JPY and closed at 81.92. In Japan, yesterday, the coincident index declined to 103.5 in March from 106.8 in the previous month. Additionally, the leading economic index declined … Continue reading →

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