USD/CHF: Swiss Franc trading lower in Asian session

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CHF and closed at 0.9204. In Switzerland, UBS consumption indicator declined to 1.46 in February from 1.66 in January. In the US, consumer confidence index fell to a … Continue reading →

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USD/CAD: Loonie advances on higher oil prices, trading flat in Asian session

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD to close at 0.9742. In the US, the S&P/Case-Shiller home price index fell at an annual rate of 3.1% in January, following a 2.4% drop recorded in … Continue reading →

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AUD/USD: Australian dollar hits 29-year high on commodity demand, trading lower this morning

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.51% against the USD to close at 1.0290. In the Asian session at 3:00GMT, the pair is trading at 1.0279, 0.11% lower from the New York session close. LME Copper prices … Continue reading →

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EUR/USD: Euro steadies despite lingering debt concerns

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.39% against the USD and closed at 1.4077, after European Central Bank President (ECB), Jean-Claude Trichet’s remarks raised expectations that the ECB could hike interest rates as soon as next month. … Continue reading →

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GBP/USD: Trading flat this morning

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.5985. The Bank of England’s (BoE) Monetary Policy Committee member, Andrew Sentance indicated that the central bank might need to raise its key interest … Continue reading →

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USD/JPY: Yen falls on prospect global economic recovery gaining momentum, trading flat this morning

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.34% against the JPY and closed at 81.73. In Japan, today morning, the retail sales, on annual basis, rose by 1.0% in February, following a 0.1% rise in January. The unemployment … Continue reading →

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

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.62% against the CHF and closed at 0.9165. In the US, National Association of Realtors (NAR) reported that the pending home sales index rose 2.1% (M-o-M) in February, following a 2.8% … Continue reading →

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USD/CAD: Loonie gains after Carney speech

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9782, following comments on the weekend by Bank of Canada governor, Mark Carney. He warned in a speech during the annual meeting of the … Continue reading →

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AUD/USD: Trading flat in Asian session

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.03% against the USD to close at 1.0238. In Australia, HIA New Home Sales declined by 0.6% (M-o-M) in February from 2.4% gain in January. In the Asian session at 3:00GMT, … Continue reading →

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EUR/USD: EUR trading lower, as European summit failed to produce a coherent plan on sovereign debt crisis

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.4088. Though European Union officials agreed on a permanent bailout fund at a meeting in Brussels, no concrete steps were taken to bail out … Continue reading →

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GBP/USD: Greenback trading higher on positive GDP data

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD and closed at 1.6042. In the US economic data, on a sequential basis, the gross domestic product (GDP) grew 3.1% in the fourth quarter of 2010. The … Continue reading →

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