EUR/USD: Euro rose, as Trichet signaled rate increase likely; Trading flat this morning

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.30% against the USD and closed at 1.4217. The European Central Bank (ECB) President, Jean-Claude Trichet signaled that the ECB is likely to increase interest rates tentatively in the next month. … Continue reading →

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GBP/USD: Greenback backpedals versus Sterling on discouraging housing data, trading flat in Asian session

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6308. In the US, National Association of Realtors reported that the existing home sales in the US contracted by 9.6% (M-o-M) in February compared … Continue reading →

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USD/JPY: Greenback trading lower in Asian session

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.53% against the JPY and closed at 81.24 as investors took comfort in stabilizing nuclear reactor situation in Japan and as the after-effects of the G7 intervention continued to be felt. … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.33% against the CHF and closed at 0.9052. The M3 money supply, on annual basis, in Switzerland rose by 7.7% (Y-o-Y) in February following a 6.8% rise in January. In the … Continue reading →

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USD/CAD: Trading flat; Awaiting data on retail sales in Canada later today

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.53% against the CAD to close at 0.9790. In the US, Federal Reserve Bank of Chicago reported that its headline national activity index fell to -0.04 in February, following a reading … Continue reading →

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AUD/USD: Aussie holding above the 1.005 level

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.08% against the USD to close at 1.0059. In the Asian session at 4:00GMT, the pair is trading at 1.0056, 0.03% lower from the New York session close. LME Copper prices … Continue reading →

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EUR/USD: Pair trading above its MA’s

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.19% against the USD on Friday and closed at 1.4180. On a seasonally adjusted basis, the trade deficit in the Euro-zone widened to €3.3 billion in January from trade deficit of … Continue reading →

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GBP/USD: GBP trading lower this morning

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD on Friday and closed at 1.6230. In the UK, the Rightmove House Price Index rose by 0.8% (M-o-M) in March from 3.1% increase in February. The pair … Continue reading →

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USD/JPY: Gopher rises steadily after the G7 intervention

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.79% against the JPY on Friday and closed at 80.58, as G7 countries agreed to take steps to curb the Yen’s post earthquake rise. In Japan, on Friday, leading index stood … Continue reading →

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USD/CHF: Swiss Franc continues to trade lower this morning

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.28% against the CHF on Friday and closed at 0.9006. In Switzerland, producer and import price index rose by 0.2% (M-o-M) in February from a 0.1% rise in January. In the … Continue reading →

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

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD on Friday to close at 0.9839 . On an annual basis, the consumer price index (CPI) in Canada rose 2.2% in February, following a 2.3% increase posted … Continue reading →

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