USD/CAD: Trading flat this morning

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9710. In the US, IBD/TIPP Economic Optimism Index fell to 43 in March from a rise to 50.9 in February. In Canada, seasonally adjusted … Continue reading →

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USD/CHF: Swissy trading above its MA’s

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.95% against the CHF and closed at 0.9351. In Switzerland, unadjusted jobless rate dropped to 3.6% in February below market expectations at 3.7%, compared with the 3.8% in January. Meanwhile, seasonally … Continue reading →

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USD/JPY: Investors awaits GDP data in Japan

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.51% against the JPY and closed at 82.66. In Japan, today, BoJ Governor Masaaki Shirakawa stated that central banks shouldn’t too much focus on near-term inflation developments as it could damage … Continue reading →

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GBP/USD: Greenback edges higher as crude prices pull back

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.6162. In the UK, BRC Shop Price Index rose to 2.7% (M-o-M) in February compared to 2.5% in January. The pair opened the Asian … Continue reading →

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EUR/USD: EUR extended its losses in Asian session

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.49% against the USD and closed at 1.3903. In Germany, factory orders seasonally adjusted rose 2.9% (M-o-M) in January from the 3.4% drop reported in December. Additionally, trade deficit in France … Continue reading →

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AUD/USD: Australia Business Confidence Rises

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.37% against the USD to close at 1.0118. According to a monthly survey by The National Australia Bank, Australian business confidence rose to 14 points in February, from a reading of … Continue reading →

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USD/CAD: CAD losses steam, as Canadian building permits fall

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9725, after building permits in Canada declined by 5.1% (M-o-M) to C$5.4 billion in January following a growth of 2.6% in the previous month. … Continue reading →

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USD/CHF: Continues its rising trend

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9263. In the US, consumer credit rose by $5 billion in January following a downwardly revised $4.1 billion increase in December. In the Asian … Continue reading →

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USD/JPY: Trading flat on mixed bag of economic data in Japan

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 82.24. In Japan, yesterday, the leading index improved for a third month to 101.9 in January, the highest level since August 2006, while the … Continue reading →

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GBP/USD: Trading flat this morning, little reaction to UK economic data

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.47% against the USD and closed at 1.6201. Dallas Fed President, Richard Fisher, stated that the Federal Reserve has done enough to get the economy back on solid footing and now … Continue reading →

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EUR/USD: Trading higher in the Asian session

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.16% against the USD and closed at 1.3971, as investors remained cautious, after Moody’s Investors Service downgraded Greek bond ratings to B1 from Ba1 and assigned a negative outlook. The agency … Continue reading →

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