GBP/USD: Trading marginally lower after yesterday’s flat close

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.05% against the USD and closed at 1.6260. Fed Chairman Ben Bernanke asserted that US recovery is not established until there is sustained jobs growth. In the UK, M4 money supply … Continue reading →

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EUR/USD: Trading in a tight range

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.3771. In the EU, manufacturing PMI rose to 59.0 from 57.3 in January. Unemployment fell to 9.9% in January from 10% in the previous … Continue reading →

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Trading flat, despite positive data

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.04% against the USD to close at 1.0172. In Australia, seasonally adjusted estimate for retail sales grew by 0.4% (M-o-M) in January 2011, reaching an amount of A$ 20.44 billion in … Continue reading →

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Trading flat this morning, BoC interest rate decision awaited

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD to close at 0.9716. In Canada, GDP rose 3.3% in the fourth quarter of 2010 (4Q FY2010), following 1.8% growth posted in the third quarter. In the … Continue reading →

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Swiss GDP data expected later

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.9291. In the US, personal income rose 1.0% (M-o-M) in January following a 0.4% increase posted in December. In the Asian session, at 4:00GMT, … Continue reading →

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Yen declines after yesterday’s flat closing

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.07% against the JPY and closed at 81.82. In Japan, yesterday, overall household spending fell by 1.0% (Y-o-Y) over the year to January 2011, after falling by 3.3% through the year … Continue reading →

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Trading higher, despite lack of data triggers

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.94% against the USD and closed at 1.6268, stoked by expectations that inflation may force the BoE to act sooner than expected. The pair opened the Asian session at 1.6268, and … Continue reading →

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Euro rose amid speculation that ECB may indicate tightening bias

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.33% against the USD and closed at 1.3799. The euro rose against dollar on speculation that ECB Bank policy makers will signal their readiness to raise interest rates to counter inflation. … Continue reading →

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Lower on broad dollar strength

Posted on February 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.70% against the USD on Friday to close at 1.0176. In Australia, the total credit provided to the private sector by financial intermediaries rose by 0.3% (M-o-M) in January 2011, following … Continue reading →

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Marginally lower this morning

Posted on February 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.42% against the CAD on Friday to close at 0.9788. The Canadian dollar rose on Friday as crude oil, the nation’s biggest export, had gained significantly in the last week. In … Continue reading →

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Steady this morning

Posted on February 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.23% against the CHF on Friday and closed at 0.9284. In Switzerland, KOF leading economic indicator advanced to a reading of 2.18 in February, following a previously revised reading of 2.16 … Continue reading →

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