EUR/USD: EUR rebounds in the Asian session

Posted on May 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.41% against the USD and closed at 1.4210, as renewed debt concerns in Greece and more worries about Portuguese banks reduced investors’ risk appetite. In Germany, the consumer price inflation, on … Continue reading →

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GBP/USD: Pound trading marginally higher in Asian session, BoE lifts inflation outlook, signals rate hike this year

Posted on May 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6365. In the UK, the Bank of England Governor, Mervyn King stated that inflation remains “uncomfortably high,” and officials indicated that they need to … Continue reading →

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USD/JPY: Japanese yen trading lower this morning

Posted on May 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 81.00. In Japan, today morning, the Bank of Japan reported that M2 money supply increased 2.7% annually to Â¥796.8 trillion in April, following the … Continue reading →

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USD/CHF: Swiss Franc trading lower in Asian session

Posted on May 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.69% against the CHF and closed at 0.8860. In the US, the Federal Reserve Bank of Atlanta President, Dennis Lockhart indicated that the rise in jobs this year would reduce unemployment … Continue reading →

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USD/CAD: Slipping commodity prices continue to weigh on Loonie

Posted on May 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9603, amid fall in oil and other commodity prices. In Canada, the trade surplus increased to C$627.0 million in March, compared to a surplus … Continue reading →

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AUD/USD: Australian dollar slides on disappointing jobs data

Posted on May 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.40% against the USD to close at 1.0702, on tumbling commodity prices. In the Asian session at 3:00GMT, the pair is trading at 1.0623, 0.74% lower from the New York session … Continue reading →

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EUR/USD: Euro rose despite Greece woes, trading lower this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.31% against the USD and closed at 1.4413, following reports that Greece could get a new financial aid package. In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4396, … Continue reading →

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GBP/USD: Pound trading flat this morning, investors awaits BoE inflation report

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6371, on speculation that the Bank of England would lower its economic growth forecasts. The pair opened the Asian session at 1.6371, and is … Continue reading →

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USD/JPY: Greenback trading lower in Asian session

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.83% against the JPY and closed at 81.00, aided by rising risk appetite following news from China and Europe. The Chinese trade surplus was more than four times larger than forecast … Continue reading →

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USD/CHF: Swissy falls on tepid inflation data, trading flat this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.00% against the CHF and closed at 0.8799, after Swiss inflation data weighed on expectations that the Swiss National Bank would raise interest rates in the near future. In the US, … Continue reading →

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USD/CAD: Loonie advanced as commodity prices rose, trading lower this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.76% against the CAD to close at 0.9566, as the commodity prices rose on unexpectedly strong Chinese trade data. In the US, the wholesale inventories increased by 1.1% (M-o-M) in March … Continue reading →

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