EUR/USD: Euro weighed down after Portugal rating cut, trading higher this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.03% against the USD and closed at 1.4221. In the Eurozone, the service sector business activity index in rose to 57.2 in March, the strongest since August 2007, while the headline … Continue reading →

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GBP/USD: Pound jumps on upbeat PMI service data

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 1.04% against the USD and closed at 1.6300, after a report showed service industries in the UK expanded at a faster pace in March. The Markit/Chartered Institute of Purchasing & Supply … Continue reading →

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USD/JPY: Yen weakens against greenback after Bernanke comments

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.19% against the JPY and closed at 85.11, after minutes from the Federal Reserve’s March 15 meeting showed that some policy makers stated that signs of a stronger recovery may warrant … Continue reading →

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USD/CHF: Trading flat this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9254. In the US, Minneapolis Federal Reserve Bank President, Narayana Kocherlakota stated that the Federal Reserve is committed keeping inflation under control as part … Continue reading →

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USD/CAD: Canadian dollar continues to trade higher

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD to close at 0.9634. The Canadian dollar recorded gains against greenback, as investors continued to seek out the currency despite lower crude oil prices, as Libyan rebels … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD to close at 1.0317. On Tuesday, the Reserve Bank of Australia kept its key rate on hold at 4.75%, as widely expected. In economic news, the total … Continue reading →

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EUR/USD: Trading lower in Asian session

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.4225. In the Eurozone, the sentix investor sentiment index dropped to 14.22 in April, following 17.07 in March. Meanwhile, the producer price inflation in … Continue reading →

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GBP/USD: Pair trading between its MA’s

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.09% against the USD and closed at 1.6132. In the UK, the seasonally adjusted construction Purchasing Managers’ Index declined to 56.4 in March, following 56.5 in the previous month. According to … Continue reading →

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USD/JPY: Greenback bucks previous session losses, trading higher this morning

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.12% against the JPY and closed at 84.11. Chicago Federal Reserve Bank President, Charles Evans stated that the Fed’s decision to purchase $600 billion in large scale assets is the “right … Continue reading →

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USD/CHF: Pair trading sharply below its MA’s

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF and closed at 0.9226. Atlanta Federal Reserve President Dennis Lockhart stated that the economic recovery is well underway, but that serious imbalances need to be corrected to … Continue reading →

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USD/CAD: Canada dollar declines as crude oil slips from 30-month high

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.36% against the CAD to close at 0.9666. Canadian dollar snapped a five-day rally against greenback, as crude oil prices declined, damping demand for higher-yielding currencies. The Bank of Canada in … Continue reading →

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