AUD/USD: Commodity prices push Aussie higher, trading flat this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.58% against the USD to close at 1.0854, amid rise in commodity prices. In the US, the Federal Reserve Bank of Richmond President, Jeffrey Lacker, stated that the US Federal Reserve … Continue reading →

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EUR/USD: Euro backpedals after Greece credit rating downgrade

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.05% against the USD and closed at 1.4369. Yesterday, Standard & Poor’s lowered the credit rating of Greece to B from BB-, over concerns that peripheral debt problems would force European … Continue reading →

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GBP/USD: Trading flat this morning, little reaction to UK economic data

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6412. In the UK, the Halifax house prices declined 1.4% in April, following a flat reading recorded in the previous month. The BRC retail … Continue reading →

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USD/JPY: Trading flat this morning

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 80.33. Yen strengthened against greenback on renewed speculation that Europe’s debt crisis would worsen. In the Asian session at 3:00GMT, the pair is trading … Continue reading →

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USD/CHF: Swissy trading below its MA’s

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.75% against the CHF and closed at 0.8712. In the Asian session, at 3:00GMT, the pair is trading at 0.8725, 0.15% higher from the New York session close. The pair has … Continue reading →

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USD/CAD: Flattish trade continues

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9639, as oil and other commodities surged following big declines last week. Canada Mortgage & Housing Corporation stated that, on a seasonally adjusted basis, … Continue reading →

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AUD/USD: Aussie rebounded supported by higher commodity prices, trading flat this morning

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.71% against the USD to close at 1.0791, on sharp rebound in commodities prices. In economic news, the Australian trade balance recorded a surplus by A$1740 million during the month of … Continue reading →

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EUR/USD: EUR rebounds after having fallen on Greece concerns

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.54% against the USD, on Friday, and closed at 1.4317, after a report that Greece is considering withdrawal from the Euro zone. In Germany, industrial production, on monthly basis, declined to … Continue reading →

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GBP/USD: Greenback gives up some gains in the Asian session

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD, on Friday, and closed at 1.6364, as economic data showed inflationary pressure in the UK. In the UK, the output price index, on a monthly basis, rose … Continue reading →

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USD/JPY: Trading higher in Asian session

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY, on Friday, and closed at 80.69, on strong US economic data. The minutes from the latest Bank of Japan’s (BoJ) monetary policy committee meeting indicated that the … Continue reading →

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USD/CHF: Morning dollar weakness supporting the Swiss franc

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CHF, on Friday, and closed at 0.8783. In Switzerland, the number of unemployed workers decreased from 3.4% in March to 3.1% in April. In the Asian session, at … Continue reading →

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