USD/JPY: USD continue to trade higher in Asian session

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.40% against the JPY and closed at 81.33. Finance Minister, Yoshihiko Noda stated that the Japanese government should not too readily rely on debt issuance to fund post-quake relief and reconstruction. … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.34% against the CHF and closed at 0.9199. The KOF economic institute reported that the Switzerland’s economy should pick up steam this year despite the strong Swiss franc, prompting the Swiss … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 0.9807. In economic news, the number of Canadians getting regular Employment Insurance (EI) assistance declined by 13,300 in January to 640,200. Federal Reserve Bank … Continue reading →

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AUD/USD: Trading flat in Asian session

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0265. Dallas Federal Reserve Bank President, Richard Fisher stated that the United States is flush with liquidity and any further stimulus would not help … Continue reading →

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EUR/USD: Euro withstands collapse of Portugal government, trading marginally lower this morning

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4176, even after Portugal’s opposition party rejected austerity plans aimed at dealing with the nation’s staggering debt load. In the EU, composite Purchasing Managers … Continue reading →

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GBP/USD: GBP tumbles on retail sales report

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.6122. The Bank of England’s (BoE) chief economist, Spencer Dale warned that the inflation could remain high for some time to come and also … Continue reading →

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USD/JPY: Trading flat in Asian session

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 81.01. In Japan, today morning, national core consumer price index (CPI), on yearly basis, fell by 0.3% in March. Additionally, corporate service price index … Continue reading →

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USD/CHF: Trading flat in Asian session

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.03% against the CHF and closed at 0.9077. In the US, initial jobless claims, on weekly basis declined to 382,000 for the week ended on 19 March 2011, compared to 387,000 … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD to close at 0.9760. In the US, durable goods orders contracted by 0.9% (M-o-M) in February from 3.6% rise in January. Additionally, the orders for durable goods … Continue reading →

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AUD/USD: Pair trading marginally above its 50 Hr MA

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.77% against the USD to close at 1.0204. In the Asian session at 4:00GMT, the pair is trading at 1.0195, 0.09% lower from the New York session close. LME Copper prices … Continue reading →

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USD/JPY: Greenback trading higher in Asian session

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 80.89. In Japan, today morning, trade balance showed a surplus of Â¥654.11 billion in February, following a deficit of Â¥471.4 billion recorded in January. … Continue reading →

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