USD/JPY: Yen trading higher this morning

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 81.70, amid release of Japanese gross domestic product which showed that the economy sank more than projected. In Japan, yesterday, the capacity utilization declined … Continue reading →

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GBP/USD: Pound loses steam this morning, trading flat

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD and closed at 1.6231. In the UK, the Confederation of British Industry’s (CBI) monthly survey for May indicated that 22.0% of the manufacturers described total order books … Continue reading →

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EUR/USD: Greenback skids versus Euro, trading flat this morning

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.46% against the USD and closed at 1.4322. The greenback came under pressure, as a largely disappointing batch of US economic data weighed on investor sentiment. In the US, the economic … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on May 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0627. Australia’s four largest banks’ credit ratings were cut one level to Aa2 by Moody’s Investors Service on concern their reliance on wholesale debt … Continue reading →

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USD/CAD: Loonie advances for second day as commodities marches northwards

Posted on May 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.23% against the CAD to close at 0.9696, as rise in commodity prices including crude oil encouraged investors into riskier bets. In Canada, the wholesale sales increased by 0.1% in March, … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on May 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.22% against the CHF and closed at 0.8811. In the Asian session, at 3:00GMT, the pair is trading at 0.8788, 0.26% lower from the New York session close. The Federal Open … Continue reading →

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USD/JPY: Yen rises in Asian session

Posted on May 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.18% against the JPY and closed at 81.69, on poor Japanese economic data. In Japan, today morning, on a sequential basis, the GDP contracted 0.9% in the first quarter of 2011 … Continue reading →

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GBP/USD: Pound declined after BoE warns of risks to confidence and as unemployment rises, trading higher this morning

Posted on May 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.54% against the USD and closed at 1.6162, as minutes from the Bank of England’s May 5 meeting showed the majority of policy makers warned against raising borrowing costs and after … Continue reading →

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EUR/USD: Euro rises range-bound, as Greece debt concerns loom

Posted on May 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.4256, after ECB officials ruled out a Greek debt restructuring. In the Euro Zone, construction output, on annual basis, fell by 4.9% in March … Continue reading →

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AUD/USD: Aussie up on drooping US economic data

Posted on May 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.55% against the USD to close at 1.0628. Poor US economic data released overnight assisted the Australian dollar to move higher. In Australia, the Westpac consumer confidence fell 1.3% in May … Continue reading →

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USD/CAD: Loonie continues to spike in Asian session

Posted on May 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9718, over surge in crude oil prices. The foreign investment in Canadian securities rose to C$6.3 billion in March, compared to a foreign investment … Continue reading →

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