USD/CAD: Loonie down as greenback strengthens on euro-zone worries, trading flat this morning

Posted on May 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.66% against the CAD, on Friday, to close at 0.9691, amid fresh worries over the European debt crisis. The greenback gained ground, after the European Union warned that the debt loads … Continue reading →

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USD/CHF: Swiss Franc trading marginally higher in Asian session

Posted on May 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.96% against the CHF, on Friday, and closed at 0.8929. In Switzerland, the producer and import prices rose by 0.3% in April, compared to 0.4% rise recorded in March. In the … Continue reading →

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USDJPY: Yen trading higher this morning

Posted on May 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.28% against the JPY, on Friday, and closed at 80.79. In Japan, on Sunday, the core machinery orders unexpectedly rose by 2.9% in March compared to 1.9% drop in February. In … Continue reading →

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GBPUSD: Pair trading below its MA’s

Posted on May 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD, on Friday, and closed at 1.6195. In the US, Reuters and the University of Michigan reported that the consumer sentiment index rose to a reading of 72.4 … Continue reading →

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EURUSD: Dollar gains, Euro extends declines

Posted on May 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.93% against the USD, on Friday, and closed at 1.4110, on concern that European finance ministers may fail to resolve Greece’s debt restructuring. Additionally, the news of arrest of IMF chief, … Continue reading →

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AUD/USD: Australian dollar continues its downfall on weak jobs data

Posted on May 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.38% against the USD to close at 1.0661, as employment data in Australia came below market expectations. The economy lost 22,100 jobs in April, against expectations of a rise of 17,000, … Continue reading →

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USD/CAD: Canadian dollar continues to trade lower in Asian session

Posted on May 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 0.9627. The Federal Reserve Bank of Philadelphia President, Charles Plosser stated that the US economic recovery is nearing a point where the apex bank … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on May 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.8844. In the US, the producer price index, on a monthly basis, increased by 0.8% in April, following a 0.7% gain recorded in March. … Continue reading →

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USD/JPY: Pair showing convergence with its MA’s

Posted on May 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.02% against the JPY and closed at 81.02. In Japan, the current conditions index rose to a reading of 28.3 in April, following a reading of 27.7 recorded in the previous … Continue reading →

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GBP/USD: Downbeat economic data in UK continue to dent Pound

Posted on May 13, 2011 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.6285, after UK’s manufacturing and industrial data came in weaker-than-expected. The National Institute of Economic and Social Research (NIESR) indicated that the … Continue reading →

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EUR/USD: Euro drifts lowers, amid lingering sovereign debt concerns

Posted on May 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.4242, as commodities strengthened, thus reducing the greenback’s appeal against riskier assets. The European Central Bank (ECB) in its May issue of the monthly … Continue reading →

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