USD/CAD: Good news on the Canadian and US jobs front assists Loonie to trade higher

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD, on Friday, to close at 0.9666. In the US, the economy added 244,000 jobs in April. In Canada, the unemployment rate declined to 7.6% in April, compared … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.78% against the USD, on Friday, to close at 1.0686, following better than expected US jobs data and expectations that Australian interest rates may go up soon. On Friday, the Reserve … Continue reading →

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EUR/USD: Trading flat this morning

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.94% against the USD and closed at 1.4541, after Jean-Claude Trichet, President of the European Central Bank (ECB) stated that he wouldn’t hike interest rates for the Euro-zone. On Thursday, ECB … Continue reading →

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GBP/USD: Pair trading below its MA’s

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.69% against the USD and closed at 1.6383, as dollar paced gains, amid fall in commodities, oil prices and US stock market. Additionally, the Purchasing Managers’ Index (PMI) for services in … Continue reading →

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USD/JPY: Surge in Yen raises intervention speculation, trading lower this morning

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.39% against the JPY and closed at 80.32. The monetary base in Japan climbed 23.9% in April, following a 16.9% rise recorded in March. Separately, in an annual Asian Development Bank … Continue reading →

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USD/CHF: Swiss Franc remains under pressure

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.06% against the CHF and closed at 0.8702. In the US, initial jobless claims unexpectedly rose to 474,000, highest level since August of 2010, for the week ended 30 April 2011, … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.88% against the CAD to close at 0.9665, as crude oil prices slumped below $100 per barrel on speculation of slower global economic growth. The Richard Ivey School of Business reported … Continue reading →

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AUD/USD: Aussie recovers after RBA statement

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.39% against the USD to close at 1.0603, amid fall in commodities and as Australian retail sales for March, unexpectedly declined. In Australia, the Bureau of Statistics reported that the nation’s … Continue reading →

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EUR/USD: Portugal bailout details boost Euro

Posted on May 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.03% against the USD and closed at 1.4829. The EUR gained, as investors welcomed the €78 billion (£70 billion) bailout agreed for Portugal on Tuesday night, with hope that the deal … Continue reading →

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GBP/USD: GBP/USD rises further, approaches 1.6520

Posted on May 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.6496. In the UK, the M4 money supply declined by 1.1% (Y-o-Y) in March, compared to a revised 1.4% decline posted in February. The … Continue reading →

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USD/JPY: Yen Continues to trade higher in Asian session

Posted on May 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.48% against the JPY and closed at 80.63, following release of weaker-than-expected employment data in the US and an unexpected fall in the US non-manufacturing PMI. In the US, Automatic Data … Continue reading →

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