AUD/USD: AUD gives up Friday’s gains

Posted on March 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD on Friday to close at 1.0149. In Australia, performance of construction index rose by 4.4 points to reach 44.6 in February 2011 from 40.2 in the previous … Continue reading →

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USD/CAD: Trading in a tight range

Posted on March 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD on Friday to close at 0.9718. In Canada, Ivey PMI rose to 67.9 in February, following reading of 36.6 in the previous month. In the Asian session … Continue reading →

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USD/CHF: Trading flat, data on unemployment rate in Switzerland awaited

Posted on March 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.77% against the CHF on Friday and closed at 0.9249. In the US, nonfarm payroll employment rose by 192,000 jobs in February, less than market expectations, following an upwardly revised increase … Continue reading →

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USD/JPY: JPY trending marginally higher

Posted on March 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY on Friday and closed at 82.28. In Japan, today, the Ministry of Finance (MOF) reported that, foreign exchange reserves dropped to $1.091 trillion at the end of … Continue reading →

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GBP/USD: Drifting lower this morning after a flat close on Friday

Posted on March 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.01% against the USD on Friday and closed at 1.6271. In the US, factory orders rose by 3.1% (M-o-M) in January from upwardly revised 1.4% the previous month, beating market expectations. … Continue reading →

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EUR/USD: Holding well above the 1.3950 levels

Posted on March 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.20% against the USD on Friday and closed at 1.3987, as oil prices surged sharply, increasing investors worries that high energy prices will hinder growth. ECB President Trichet, stated that rise … Continue reading →

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AUD/USD: Witnessing flat trading this morning

Posted on March 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.31% against the USD to close at 1.0130. In the Asian session at 4:00GMT, the pair is trading at 1.0130, flat from the New York session close. LME Copper prices rose … Continue reading →

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USD/CAD: Trading within a tight range

Posted on March 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.04% against the CAD to close at 0.9724. In the US, the non-farm productivity growth came in unrevised at 2.6% in 4Q FY2010 in line with market expectations. In the Asian … Continue reading →

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USD/CHF: Steady this morning; USD holding on to yesterday’s gains

Posted on March 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CHF and closed at 0.9321. In Switzerland, retail sales fell by 2.6% (M-o-M) in January, compared to drop by 0.8% in December. In the Asian session, at 4:00GMT, … Continue reading →

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USD/JPY: Trading marginally lower after witnessing gains yesterday

Posted on March 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.66% against the JPY and closed at 82.35. In the US, service sector activity increased to 59.7 in February, compared to 59.4 in January. In the Asian session at 4:00GMT, the … Continue reading →

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GBP/USD: Trading flat; UK services PMI dampens tightening sentiment

Posted on March 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.34% against the USD and closed at 1.6270, amid weak UK services sector data that dampened expectations for a near term rate hike by the BoE. In the UK, services PMI … Continue reading →

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