EUR/USD: Euro pulls back versus greenback as Portugal debates austerity

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.61% against the USD and closed at 1.4098, after Portugal’s parliament rejected Prime Minister Jose Socrates’s plan to impose further austerity, after the opposition voted against a government plan to impose … Continue reading →

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GBP/USD: Trading flat in Asian session

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.6243. In the UK, six out of nine members of Monetary Policy Committee of Bank of England (BoE), including Governor Mervyn King, continued to … Continue reading →

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USD/CHF: Greenback trading higher this morning

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9080. The Federal Reserve Bank of Dallas President, Richard W. Fisher stated that no further monetary stimulus will be needed after the US Federal … Continue reading →

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

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9803. In the US, new home sales dropped to an annual rate of 250,000 in February, compared to the figure of 301,000 in the … Continue reading →

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AUD/USD: Trading flat this morning

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0126. In Australia, Leading Index declines to 0.1% (M-o-M) in January from 0.7% in December. In the Asian session at 4:00GMT, the pair is … Continue reading →

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EUR/USD: Euro backpedals, as sovereign debt concerns resurface

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.4184, amid worries that Ireland is having trouble paying off its debt, bringing sovereign-debt worries in the region again to the forefront. In the … Continue reading →

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GBP/USD: GBP surges on interest hike expectations, trading flat in Asian session

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD and closed at 1.6365. The Bank of England’s Monetary Policy Committee member Andrew Sentence, stated that, there is a risk that the committee may be forced into … Continue reading →

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USD/JPY: Greenback trading lower in the Asian session

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.28% against the JPY and closed at 81.01. In Japan, yesterday, all industry activity index rose by 2.9% in January following a 0.2% fall in December. Additionally, today, Bank of Japan … Continue reading →

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

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.9036. The SNB Chairman Philipp Hildebrand stated that, demand for Switzerland’s exports remains “remarkably resilient” but stronger Franc may lead to a slowdown in … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CAD to close at 0.9810. US Treasury Secretary, Timothy Geithner informed policy makers and entrepreneurs that the US small businesses need greater access to capital to spur innovation. … Continue reading →

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AUD/USD: AUD trading marginally higher in Asian session

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.33% against the USD to close at 1.0092. In the US, home prices fell by 0.3% (M-o-M) on a seasonally adjusted basis in January compared to a revised decline of 1.0% … Continue reading →

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