Cementing gains

Posted on February 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.6038. The pair opened the Asian session at 1.6036, and is trading at 1.6054 at 4.00GMT. The pair is trading 0.10% higher from the … Continue reading →

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Recoups earlier losses in the Asian session

Posted on February 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.25% against the USD and closed at 1.3484. Industrial production in the Eurozone fell by a modest 0.1% in December over the month. The German Finance Minister, Wolfgang Schaeuble indicated that … Continue reading →

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Widening peripheral sovereign bond spreads raise concerns

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.35% against the USD and closed at 1.3546, amid renewed concerns over the sovereign-debt crisis. On the economic front, the French current account deficit widened to €5.4 billion in … Continue reading →

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Greenback gives up some gains in the Asian session

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.52% against the USD and closed at 1.6005. In the UK, the output price index surged 4.8% (YoY) in January, while the input price index edged up 13.4% (YoY) … Continue reading →

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Little reaction to Japanese GDP Data

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.17% against the JPY and closed at 83.49. In Japan, GDP fell by 0.3% (QoQ) in the quarter ended December 2010, after a revised rise of 0.8% in the … Continue reading →

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Morning dollar weakness supporting the Swiss franc

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.40% against the CHF and closed at 0.9732. In the Asian session, at 4:00GMT, the pair is trading at 0.9719, 0.13% lower from the New York session close. The … Continue reading →

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Losses continue in morning session

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.89% against the CAD to close at 0.9871. In the Asian session at 4:00GMT, the pair is trading at 0.9859, 0.12% lower from the New York session close. The … Continue reading →

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Up amid strong economic data

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.18% against the USD to close at 1.0022. The home loans in Australia grew by 2.1% in December 2010, following a 2.5% rise in the previous month. In the … Continue reading →

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Trading lower, Concerns over euro zone’s sovereign debt resurface

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.3593, as renewed concerns over euro zone’s sovereign debt weighed on investor sentiment. In the Asian session, at 4:00GMT, the EURUSD is trading at … Continue reading →

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Declines, amid poor economic data in the UK

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.6089. The nine-member Monetary Policy Committee (MPC) led by Bank of England (BoE) Governor, Mervyn King voted to retain the benchmark interest rate at … Continue reading →

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Rallies on upbeat US job data

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.21% against the JPY and closed at 83.35. In the US, initial jobless claims declined to 383,000 in the week ended 5 February 2011, from 419,000 in the previous week, while … Continue reading →

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