USD/CAD: Canadian CPI ups chances of BOC hike, lifts Loonie

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.92% against the CAD to close at 0.9554, after higher-than-expected inflation figures sparked a rally in the Canadian dollar, reviving expectations that the Bank of Canada might resume raising rates again … Continue reading →

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AUD/USD: Aussie rises on risk appetite

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 1.0537, as investors risk appetite increased on the back of some encouraging economic reports. In Australia, the Westpac Leading Index rose 0.4% (M-o-M) in … Continue reading →

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EUR/USD: Euro slumps, as Euro zone debt crisis escalates

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.29% against the USD and closed at 1.4231, after the European debt crisis deteriorated, as Irish banks were downgraded to junk status, Greece was rumored to be struggling to pay back … Continue reading →

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GBP/USD: British Pound trading lower this morning

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.32% against the USD and closed at 1.6264. The Federal Reserve Bank of St. Louis President, James Bullard, stated that the US economic growth may not meet expectations for 1Q FY2011, … Continue reading →

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USD/JPY: Yen strengthens, amid concerns in the US and Europe, trading lower this morning

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.99% against the JPY and closed at 82.39, as investors flee from riskier-assets and seek the perceived safe-haven Yen, after the credit rating agency Standard & Poor’s downgraded its ratings outlook … Continue reading →

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USD/CHF: Swiss Franc declines on Finland’s bailout threat

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CHF and closed at 0.8952, on concern election gains for Finland’s euro-skeptic bloc would prevent efforts by the region’s leaders to assist debt-laden nations. In the Asian session, … Continue reading →

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USD/CAD: Loonie remains lower in Asian session

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CAD to close at 0.9643. The Canadian dollar softened against the greenback yesterday in a flight to safety as a squall of uncertainty, including Standard & Poor’s long-term … Continue reading →

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AUD/USD: RBA minutes suggests more cautious policies, Australian Dollar weakens

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.71% against the USD to close at 1.0485. In Australia, minutes of the April meeting of the Reserve Bank of Australia’s monetary policy committee showed that members considered 4.75% key cash … Continue reading →

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EUR/USD: Euro under pressure on worries over debt problem

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD, on Friday and closed at 1.4417, amid concern the European sovereign debt crisis is worsening and as policy makers stepped up efforts to cool inflation globally. The … Continue reading →

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GBP/USD: Pair trading just below its MA’s

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD, on Friday and closed at 1.6316. In the UK, house prices rose by 1.7% (M-o-M) in April from 0.8% rise in the previous month. In the US, … Continue reading →

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USD/JPY: The Japanese yen extended its gain in the Asian session

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.50% against the JPY, on Friday and closed at 83.21. In Japan, on Friday, on monthly basis, industrial production showed upwardly revised growth by 1.8% in February. Capacity utilization rose by … Continue reading →

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