EUR/USD: Flat this morning, after the surge yesterday

Posted on March 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.67% against the USD and closed at 1.3959 after the ECB president signaled that the ECB may raise interest rates in the next month to fight inflationary pressures. The ECB left … Continue reading →

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AUD/USD: Trading steady amid mixed data

Posted on March 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 1.0161. In Australia, the AiG Performance of Services Index rose by 3.2 points to reach 48.7 points in February 2011, from 45.5 in January. … Continue reading →

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USD/CAD: Witnessing low volatility

Posted on March 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 0.9728. In Canada, industrial product prices rose by 0.2% (M-o-M) in January, compared to 0.7% growth in December. In the Asian session at 4:00GMT, … Continue reading →

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USD/CHF: Steady this morning, Await retail sales in Switzerland later today

Posted on March 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CHF and closed at 0.9235. The Federal Reserve, in its Beige Book, reported continued expansion of economic activity in the US, in January and early February. It also … Continue reading →

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USD/JPY: Trading flat; Capital spending rise in Japan lower than expected

Posted on March 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 81.81. In a speech this morning, Bank of Japan board member, Tadao Noda, said that BoJ is ready to take “appropriate” policy action in … Continue reading →

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GBP/USD: GBP holds on to yesterday’s gains

Posted on March 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.6326. In the UK, construction PMI rose to 56.5 in February compared to 53.7 in January. In the US, private sector employment increased by … Continue reading →

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EUR/USD: Trading flat this morning, ECB interest rate decision awaited

Posted on March 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.69% against the USD and closed at 1.3866. In the EU, PPI index rose by 1.5% (M-o-M) in January compared to 0.8% in the previous month. Market had forecasted a 1.1% … Continue reading →

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AUD/USD: AUD drifts lower, GDP growth lower than expected

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.48% against the USD to close at 1.0123. Yesterday, Australia monetary policy makers kept the interest rate unchanged at 4.75%. In data this morning, new home sales rose by 2.5% in … Continue reading →

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USD/CAD: US dollar continues its rising trend

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.21% against the CAD to close at 0.9736. The Bank of Canada decided to keep its interest rates unchanged at 1.00%, in line with market expectations. In the Asian session at … Continue reading →

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USD/CHF: CHF weaker on broad dollar strength

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.16% against the CHF and closed at 0.9276. In Switzerland, SVME PMI Index rose to 63.5 in February from 60.5 in January. Additionally, Switzerland’s economy expanded by 0.9% in Q42010, up … Continue reading →

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USD/JPY: Dollar a tad higher, this morning

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.05% against the JPY and closed at 81.86. In Japan, yesterday, monetary base rose by 5.6% (Y-o-Y) in February 2011. In the Asian session at 4:00GMT, the pair is trading higher … Continue reading →

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