USD/CAD: Canadian dollar advances amid surging oil prices, strong GDP data, trading flat this morning

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.21% against the CAD to close at 0.9694. In Canada, gross domestic product rose 0.5% in January, largely supported by manufacturing gains. Meanwhile, in the US, Labor Department reported that first-time … Continue reading →

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AUD/USD: Trading flat in morning session

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0333. The Australian Industry Group/PriceWaterhouseCoopers performance of manufacturing index PMI dropped 3.2 points to 47.9 in March. Richmond Fed President, Jeffrey Lacker stated that … Continue reading →

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USD/JPY: Greenback gains on speculation global economic recovery picking up, trading lower in Asian session

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.84% against the JPY and closed at 83.10. In Japan, today morning, the Nomura/ JMMA Manufacturing Purchasing Manager Index declined to 46.4 in March from a reading of 52.9 in February. … Continue reading →

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EUR/USD: Euro edges up marginally on rate rise expectations

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.06% against the USD and closed at 1.4120, after European Central Bank member, Lorenzo Bini Smaghi indicated that the ECB may hike rates in a series rather than just one-off rate … Continue reading →

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GBP/USD: Pair trading above its MA’s

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6068. In the UK, Gfk consumer confidence steadied at -28 in March, unchanged from the score recorded in the previous month The Confederation of … Continue reading →

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USD/CHF: Trading flat this morning

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.21% against the CHF and closed at 0.9185. In Switzerland, KOF Institute’s economic barometer showed a rise to a reading of 2.24 in March, the third consecutive monthly rise, from an … Continue reading →

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USD/CAD: Canadian dollar climbs as investors chase commodity currencies, trading flat in Asian session

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.29% against the CAD to close at 0.9714. In Canada, on a monthly basis, the industrial product prices rose by 0.7% in February, following a 0.4% rise recorded in the previous … Continue reading →

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AUD/USD: Australian dollar rises after retail sales data

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 1.0313, after a government report showed retail sales in Australia increased more-than-forecasted in February. In Australia, building permits rises to -21.8% (Y-o-Y) in February … Continue reading →

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EUR/USD: EUR trading lower this morning, European debt worries deepen as S&P downgrades Portugal, Greece

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4111. In Germany, the GfK consumer sentiment index fell to 5.9 for April, following a reading of 6.0 posted for March. The consumer price … Continue reading →

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GBP/USD: Pair showing convergence with its MA’s

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6008. The Bank of England (BoE) policy maker, Martin Weale stated that the UK inflation may rise more that the BoE forecast. In the … Continue reading →

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USD/JPY: Greenback advances on Bullard comment

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.83% against the JPY and closed at 82.41, after St. Louis Federal Reserve President, James Bullard indicated that the US monetary authorities might have to start lay ground for gradual tightening … Continue reading →

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