USD/JPY: Rebounds from near record low after Japan quake; down in Asian session

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.50% against the JPY and closed at 81.70. The BoJ, offered to inject Â¥5 trillion into the money markets while limiting the bond purchase to ease the market jitters amid the … Continue reading →

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GBP/USD: Pair trading above 50 hour MA

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6178. The pair opened the Asian session at 1.6178, and is trading at 1.6099 at 4.00GMT. The pair is trading 0.49% lower from the … Continue reading →

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EUR/USD: Trading lower this morning

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.3993, after the European Union leaders decided to widen the scope of a rescue fund aimed at resolving the debt crisis and reduce the … Continue reading →

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USD/CAD: USD higher this morning

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD on Friday to close at 0.9719. In Canada, employment increased by 15100 in February compared to an increase of 69200 in January. Meanwhile, unemployment rate remained unchanged … Continue reading →

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AUD/USD: Australian dollar slips in Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.45% against the USD on Friday to close at 1.0153. In the Asian session at 4:00GMT, the pair is trading at 1.0065, 0.87% lower from the New York session close. The … Continue reading →

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USD/CHF: Swiss Franc trading flat in the Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF on Friday and closed at 0.9297. In the Asian session, at 4:00GMT, the pair is trading at 0.9298, 0.01% higher from the New York session close. The … Continue reading →

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USD/JPY: BoJ to inject $146 billion to stabilize markets after earthquake; USD trading higher in Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.33% against the JPY on Friday and closed at 81.88. In the US, New York Fed President William Dudley, indicated that the US economy has improved considerably in the past six … Continue reading →

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GBP/USD: Trading lower this morning

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD on Friday and closed at 1.6076. BoE Governor King stated that leading nations must agree on a “grand bargain” to rebalance the world economy to prevent the … Continue reading →

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EUR/USD: Continues to rise in the Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.71% against the USD on Friday and closed at 1.3893. In Germany, CPI rose by 0.5% (M-o-M) in February, compared to a decline of 0.4% in January. Additionally, WPI rose to … Continue reading →

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EUR/USD: Euro backpedals as sovereign debt woes mount, Rises in Asian session

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.78% against the USD and closed at 1.3795, after Moody’s Investors Service downgraded Spain’s sovereign debt rating by a notch to Aa2 with a negative outlook, citing that it was uncertain … Continue reading →

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GBP/USD: Trading higher today morning

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.90% against the USD and closed at 1.6054. BOE kept its benchmark interest rate at record low as policymakers decided to sideline concerns on increasing inflation pressures so as to support … Continue reading →

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