Continues to display low volatility, Japanese data disappoints

Posted on February 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.21% against the JPY on Friday and closed at 81.76. In Japan, today morning releases, industrial production rose by 2.4% (M-o-M) in January 2011, following a revised 3.3% growth posted in … Continue reading →

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Continues to trade lower this morning, after a lower close on Friday

Posted on February 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD on Friday and closed at 1.6117. In the UK, fourth quarter GDP contracted by 0.6% (Q-o-Q). Additionally, the GDP grew 1.5% (Y-o-Y) in 4Q FY2010. Total business … Continue reading →

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Trading flat this morning

Posted on February 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.37% against the USD on Friday and closed at 1.3754. In the EU, M3 money supply rose by 1.7% (Q-o-Q) in January from 1.6% in the previous quarter. Additionally, in Germany, … Continue reading →

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Marginally lower this morning

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0105. In the US, initial jobless claims fell to 391,000 in the week ending on February 19, and continuing jobless claims to 3.79 million. … Continue reading →

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CAD continuing to trade stronger

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.75% against the CAD to close at 0.9829. The Canadian dollar rose against the greenback as Libya’s uprising reduced supplies from Africa’s third-biggest oil-producing country. In the Asian session at 4:00GMT, … Continue reading →

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CHF marginally lower this morning, after gains yesterday

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.77% against the CHF and closed at 0.9263. In Switzerland, employment level increased to 4.085 million in Q4, an increase by 1.2% (Y-o-Y). In the Asian session, at 4:00GMT, the pair … Continue reading →

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Yen continuing to record gains

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.71% against the JPY and closed at 81.93. In Japan, yesterday, core consumer price index (CPI) in Japan fell 0.2% in January, following a 0.4% decrease posted in December. Meanwhile, the … Continue reading →

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Trading flat, a series of UK economic data awaited today

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.44% against the USD and closed at 1.6142. In the UK, nation’s consumer confidence rose 1 point from the previous month to reach -28 points in February 2011, from -29 in … Continue reading →

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Continues to zoom higher

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.41% against the USD and closed at 1.3805. The euro strengthened against the dollar after the ECB Governing Council, Bundesbank President, Axel Weber, indicated that interest rates would move higher. In … Continue reading →

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Flat this morning, Showing convergence with short term MA’s

Posted on February 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.44% against the USD to close at 1.0021. The Conference Board Leading Economic Index for Australia rose by 0.7% in December 2010 from a revised increase of 0.2% in November. Additionally, … Continue reading →

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Trading lower this morning

Posted on February 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.03% against the CAD to close at 0.9903. The US Philadelphia Federal Reserve President, Charles Plosser indicated that if recovery gains strength, he would vote to cut short the Fed’s $600.0 … Continue reading →

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