USD/JPY: Showing convergence with its MA’s

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 82.98. In Japan, yesterday, machine tool orders surged by 73.7% (Y-o-Y) to reach Â¥112.57 billion in February compared to an increase of 89.8% in … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Swiss Franc trading higher in Asian session

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.28% against the CHF and closed at 0.9321. In the US, trade deficit increased to $46.3 billion in January, compared to a deficit of $40.3 billion posted in December. Additionally, monthly … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: CAD trading marginally higher this morning

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9751. In Canada, trade surplus fell to C$116.0 million in January, compared to a revised C$1.7 billion surplus in December. In the Asian session … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Continues its downtrend this morning

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.89% against the USD to close at 1.0008. In the Asian session at 4:00GMT, the pair is trading at 1.0032, 0.24% lower from the New York session close. LME Copper prices … Continue reading →

Posted in AUD/USD | Leave a comment

AUD/USD: Australian economy unexpectedly lost jobs in February

Posted on March 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.07% against the USD to close at 1.0098. In Australia, seasonally-adjusted unemployment rate declined to 5.0% in February, from 5.1% in January. Additionally, in the US, wholesale inventories rose by 1.1% … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Rises in Asian session

Posted on March 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.28% against the CAD to close at 0.9683. In Canada, the New Housing Price Index (NHPI) rose by 0.2% (M-o-M) in January following a 0.1% advance in December. In the US, … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc advanced in New York session on strong CPI, trading lower in Asian session

Posted on March 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.60% against the CHF and closed at 0.9295. In Switzerland, CPI index rose to 0.4% (M-o-M) in February, greater than market expectations, from a decline of 0.4% in January. In the … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Continues to trade higher in Asian session

Posted on March 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.10% against the JPY and closed at 82.74. In Japan, yesterday, GDP declined by 1.3% (Y-o-Y) in the fourth quarter of 2010. Additionally, domestic corporate goods prices in Japan rose by … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Rose in the New York session, amid positive UK trade data: Trading lower this morning

Posted on March 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6200. In the UK, goods trade deficit narrowed to £7.06 billion in January from £9.69 billion in December. The pair opened the Asian session … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Trading lower in Asian session

Posted on March 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.01% against the USD and closed at 1.3904. ECB Governing Council member, Axel Weber stated that it is up to governments and not monetary policy makers to carry out fiscal and … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie pressurized on the back of poor economic data

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0091. In Australia, yesterday, consumer confidence fell by 2.4% (M-o-M) in March 2011 to reach 104.1 following a 1.9% rise in February; home loans … Continue reading →

Posted in AUD/USD | Leave a comment