USD/CHF: Swissy trading higher this morning

Posted on May 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.07% against the CHF and closed at 0.8611, amid ongoing speculation that Switzerland’s central bank might raise interest rates to maintain price stability. In the Asian session, at 3:00GMT, the pair … Continue reading →

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USD/CAD: Loonie trading lower, as commodity prices retreated

Posted on May 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.58% against the CAD to close at 0.9581, as commodity prices declined. In the US, the Dallas Federal Reserve Bank President Richard Fisher stated that he expects to argue for a … Continue reading →

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AUD/USD: Aussie trading lower on economic data

Posted on May 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.88% against the USD to close at 1.0752. Australian dollar remained under pressure, on speculation that the Australian policy makers would maintain their interest rates till the end of third quarter, … Continue reading →

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EUR/USD: Trading lower this morning, Market awaiting ECB to meet on Thursday

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose a marginal 0.03% against the USD and closed at 1.4825., ahead of Thursday’s monetary-policy decision from the European Central Bank. In the Euro zone, the producer price index, on monthly basis, … Continue reading →

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GBP/USD: Pound continues its downward trend on poor UK manufacturing data

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.01% against the USD and closed at 1.6485, as manufacturing activity in the UK expanded at a slower pace in April. In the UK, the manufacturing purchasing manager index declined to … Continue reading →

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USD/JPY: Yen continues to surge

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.23% against the JPY and closed at 81.02, amid the concerns that the killing of Laden may lead to revenge attacks. In the US, new orders for the manufactured goods, on … Continue reading →

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USD/CHF: Moving in line with market trends

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.38% against the CHF and closed at 0.8617. In the Asian session, at 3:00GMT, the pair is trading at 0.8639, 0.26% higher from the New York session close. The pair has … Continue reading →

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USD/CAD: Canadian dollar continues to trade lower this morning

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CAD to close at 0.9526. In the Asian session at 3:00GMT, the pair is trading at 0.9542, 0.17% higher from the New York session close. The first area … Continue reading →

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AUD/USD: Weak commodity prices pressurize the AUD

Posted on May 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.90% against the USD to close at 1.0848. In the US, the Federal Reserve Bank of Kansas City President, Thomas Hoenig stated that the central bank should start increasing interest rates, … Continue reading →

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AUD/USD: Aussie trading lower in Asian session, Investors awaits interest rate decision

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.10% against the USD to close at 1.0946. In Australia, the TD securities-Melbourne institute inflation gauge rose by 0.3% in April, compared to 0.6% rise in March. Additionally, house price index … Continue reading →

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USD/CAD: Political uncertainty weighed on Loonie, trading higher in Asian session

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.55% against the CAD to close at 0.9513. Political uncertainty weighed on the Canadian dollar on Monday, as Canadians headed to the polls for the fourth national election in seven years. … Continue reading →

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