USD/CHF: Pair trading below its MA’s

Posted on May 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.58% against the CHF and closed at 0.8792. In the US, the housing starts declined to 0.523 million in April from 0.585 million in March. Additionally, the industrial production remained unchanged … Continue reading →

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USD/JPY: Yen drops sharply; BoJ says economy in ‘Severe’ State

Posted on May 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.92% against the JPY and closed at 81.54, after the Bank of Japan Governor Masaaki Shirakawa stated that the economy is in a “very severe” state, fueling speculation of further easing … Continue reading →

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GBP/USD: British Pound continues to cement gains on inflation report

Posted on May 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.6249, as the headline reading for UK inflation topped market forecasts for April. The Bank of England (BoE) Governor, Mervyn King, in his letter … Continue reading →

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EUR/USD: Greenback slips further as Euro rebounds

Posted on May 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.81% against the USD and closed at 1.4270, as fresh efforts to ease debt crises in Greece and Portugal and accelerating inflation put pressure on policy makers to boost interest rates. … Continue reading →

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AUD/USD: Aussie tad lower, after dovish RBA minutes

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.12% against the USD to close at 1.0570. LME Copper prices declined 1.7% or $147.0/MT to $8,709.5/ MT. Aluminium prices declined 2.7% or $71.3/MT to $2,576.5/ MT. In the Asian session … Continue reading →

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USD/CAD: Pair trading above its MA’s

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.58% against the CAD to close at 0.9749, as heightened risk aversion pushed commodities and global stocks lower and amid speculation that the Bank of Canada may raise interest rates. The … Continue reading →

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USD/CHF: Steady this morning

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.94% against the CHF and closed at 0.8843, as investors sought the safest European assets before a meeting of finance ministers that would include discussions on Greece’s debt burden. In the … Continue reading →

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USD/JPY: Greenback trading higher against yen this morning

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 80.80. In the US, the Federal Reserve Bank of New York reported that its general business conditions index fell to a reading of 11.9 … Continue reading →

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GBP/USD: GBP loses steam in Asian session

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6204, over mixed US economic data. In the US, the net long-term TIC flows increased in March to $116.0 billion compared to $95.6 billion … Continue reading →

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EUR/USD: Euro rebounds from recent losses, trading flat this morning

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4155, amid easing of worries that the arrest of International Monetary Fund chief, Dominique Strauss-Kahn would derail decisions over giving financial assistance to Greece. … Continue reading →

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AUD/USD: Aussie weaker on Greece debt worries

Posted on May 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD, on Friday, to close at 1.0570, as commodity prices declined. The Australian dollar remained under pressure as Greece’s sovereign debt problems continued to worry investors. In Australia, … Continue reading →

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