EUR/USD: Greenback trading higher this morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.71% against the USD and closed at 1.4683, on speculation that the Federal Reserve may loosen the monetary policy to support the US economy. In the Asian session, at 3:00GMT, the … Continue reading →

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GBP/USD: Pound trading lower in Asian session, Investors awaits GDP figures

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6506. The Bank of England monetary policy committee member, Andrew Sentance, criticized the monetary policy committee over its failure to tackle inflation, thus stating … Continue reading →

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USD/JPY: S&P downgrade leads Yen to bow to the Greenback today morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.31% against the JPY and closed at 81.46. In Japan, today morning, the retail sales, on year-on-year basis, plunged 8.5% in March, compared to 0.1% rise posted in the previous month. … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.21% against the CHF and closed at 0.8703. In Switzerland, trade surplus increased to CHF5.45 billion in the first quarter of 2011, compared to the trade surplus of CHF5.29 billion recorded … Continue reading →

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USD/CAD: Loonie continues to trade higher this morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CAD to close at 0.9506, as oil prices continued to move northwards. In the US, The Federal Reserve Bank of Richmond stated that its manufacturing index dropped to … Continue reading →

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AUD/USD: Aussie climbs to record after CPI report

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.64% against the USD to close at 1.0794. The Australian Bureau of Statistics reported that the consumer price index rose by 1.6% in first quarter of 2011. LME Copper prices declined … Continue reading →

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EUR/USD: Euro slips after Trichet’s comments

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.4580. The European Central Bank President, Jean-Claude Trichet, stated that the policy makers must avert any jump in inflation expectations amid the risk of … Continue reading →

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GBP/USD: British Pound continues to trade lower this morning

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6505. In the UK, retail sales, on a monthly basis, unexpectedly increased 0.2% in March, compared to a 0.9% decline recorded in the previous … Continue reading →

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USD/JPY: Greenback trading flat this morning

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.34% against the JPY and closed at 81.71. In Japan, on an annual basis, the index measuring the prices for corporate services dropped 1.2% in March, following the downwardly revised 1.1% … Continue reading →

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USD/CHF: Greenback spikes ahead of Fed meeting

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.52% against the CHF and closed at 0.8810. In the US, the Federal Reserve Bank of Dallas stated that its general business activity index fell to a reading of 10.5 in … Continue reading →

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USD/CAD: Loonie trading flat in Asian market

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.02% against the CAD to close at 0.9536. In the US, the new home sales rose by 11.1% to an annual rate of 300,000 in March from the revised rate of … Continue reading →

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