GBP/USD: GBP trading higher in Asian session, BoE maintains its lending rate

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6316, after the Bank of England’s (BoE) Monetary Policy Committee left its key lending rate unchanged at a record-low 0.5% and made no changes … Continue reading →

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USD/JPY: Japan posts ¥1.641 trillion current account surplus, Greenback trading higher this morning

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.40% against the JPY and closed at 85.01. The current account surplus in Japan advanced to Â¥1.641 trillion in February, compared to a surplus of Â¥ 461.9 billion in January. Additionally, … Continue reading →

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USD/CHF: Greenback trading lower in Asian session, Investors awaiting Swiss unemployment data

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.22% against the CHF and closed at 0.9160. In the US, the total outstanding consumer credit increased by $7.62 billion in February, following a $4.45 billion increase in January. Richmond Fed … Continue reading →

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USD/CAD: Canadian dollar trading higher as crude oil price touched a 30-month high

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9591. CAD advanced as the country’s largest export, crude oil traded at a 30-month high, increasing demand for commodity-linked currencies. In economic news, the … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0454. In the US, initial jobless claims dropped to 382,000 in the week ended 2 April 2011, compared to the previous week’s revised figure … Continue reading →

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EUR/USD: Trading lower in Asian session, awaits European Central Bank rate decision

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.76% against the USD and closed at 1.4329. In the Eurozone, on a sequential basis, the GDP rose 0.3% in the fourth quarter of 2010. Meanwhile, German factory orders advanced on … Continue reading →

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GBP/USD: Investors awaits the Bank of England interest rate decision

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6322. In the UK economic news, the industrial production unexpectedly fell 1.2% (M-o-M) in February, while the monthly manufacturing output remained flat in February. … Continue reading →

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USD/JPY: Greenback trading flat in Asian session

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.28% against the JPY and closed at 85.35. In Japan, the leading index advanced to 104.2 in February, while the coincident index climbed to 106.3 in February. Federal Reserve Bank of … Continue reading →

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USD/CHF: Swiss Franc strengthens after inflation surges, trading flat this morning

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.80% against the CHF and closed at 0.9180. The consumer price inflation in Switzerland advanced to 1.0% (Y-o-Y) in March, compared to a 0.5% rate in February. Moreover, the monthly consumer … Continue reading →

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USD/CAD: Loonie trading between its MA’s

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9600. In Canada, the Ivey purchasing managers index jumped to 73.2, the highest level in over three years, and compared to 70.8 in February. … Continue reading →

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AUD/USD: Australian dollar rallies to new high on jobs surge

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.12% against the USD to close at 1.0433. In Australia, investment lending was down 2.3% (M-o-M) in February, following the downwardly revised fall of 6.9% in January. In the morning news, … Continue reading →

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