Trading higher in Asian session

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 82.29. In Japan, the adjusted current account surplus was Â¥1,555.9 billion in December, following Â¥1145.1 billion surplus in the previous month, with trade balance … Continue reading →

Posted in USD/JPY | Leave a comment

Zooms ahead

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.89% against the CHF and closed at 0.9633. In Switzerland, the seasonally adjusted jobless rate remained unchanged at 3.5% in January, compared to the previous month. Additionally, the unadjusted unemployment rate … Continue reading →

Posted in USD/CHF | Leave a comment

Loonie weighed down by Chinese interest rate hike

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.46% against the CAD to close at 0.9949. The Chinese central bank has raised the benchmark deposit and lending rates by 25 basis points, for the third time since October last … Continue reading →

Posted in USD/CAD | Leave a comment

Rise in consumer confidence boosts AUD

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.17% against the USD to close at 1.0148. In Australia, the Westpac Consumer Confidence Index of consumer sentiment rose 1.9% to 106.6 in February, from 104.6 in January. In the Asian … Continue reading →

Posted in AUD/USD | Leave a comment

Marginal gains for the AUD

Posted on February 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.09% against the USD to close at 1.0132. Australia’s bank business confidence rose 7 points in January 2011, reaching 4 points after a sharp fall in December. Additionally, Australian retail sales, … Continue reading →

Posted in AUD/USD | Leave a comment

Canadian dollar drops as concerns over oil supply abate

Posted on February 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD to close at 0.9903. The Canadian dollar dropped due to reduced concern over the disruption of supplies of crude oil by protests in Egypt. In Canada, the … Continue reading →

Posted in USD/CAD | Leave a comment

50Hr and 20 Hr moving averages converging

Posted on February 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.03% against the CHF and closed at 0.9548. In the Asian session, at 4:00GMT, the pair is trading at 0.9544, 0.04% lower from the New York session close. The pair has … Continue reading →

Posted in USD/CHF | Leave a comment

USDJPY trading flat this morning

Posted on February 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.09% against the JPY and closed at 82.29. In Japan, M2 money stock increased 2.3% (Y-o-Y) to Â¥784.5 trillion in January compared to the 2.3% increase posted in December. Additionally, Japanese … Continue reading →

Posted in USD/JPY | Leave a comment

GBP gets a mild boost after improving UK fundamentals

Posted on February 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6125. In economic news, the British Retail Consortium (BRC) reported that UK retail sales rose 2.3% on a like-for-like basis in January, from the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR rebounds after having fallen initially on disappointing German factory orders

Posted on February 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.3592. ECB governing Council member, Yves Mersch, stated that the bank could raise interest rates to contain inflation even before it exited measures to … Continue reading →

Posted in EUR/USD | Leave a comment