EUR/USD: Euro-zone manufacturing PMI reading strikes two-year high at 51.4 in August

Posted on September 3, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3190 as the latest batch of mixed manufacturing PMI data from the member countries of Euro-zone weighed on investors’ sentiment. Markit manufacturing … Continue reading →

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AUD/USD: String of positive data from China and Australia boosts Aussie

Posted on September 2, 2013 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.28% against the USD to close at 0.8900. LME Copper prices declined 1.6% or $115.5/MT to $ 7095.0/MT. Aluminium prices fell 1.3% or $22.5/MT to $ 1775.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie continues to advance following upbeat Canadian GDP data

Posted on September 2, 2013 by GCI Financial

USDCAD Movement On Friday, the USD marginally declined against the CAD to close at 1.0531. The Canadian Dollar rose after the data released by the Statistics Canada showed that nation’s economy rose more than expected in the second quarter. On … Continue reading →

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USD/CHF: Swiss Franc slips in the Asian session, ahead of SVME PMI data

Posted on September 2, 2013 by GCI Financial

USDCHF Movement On Friday, the USD ended mostly flat against the CHF and closed at 0.9308. In Switzerland, KOF leading indicator rose to a reading of 1.36 during August, surpassing analysts’ consensus for a rise to 1.33 from a reading … Continue reading →

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USD/JPY: Yen trading lower in the Asian session

Posted on September 2, 2013 by GCI Financial

USDJPY Movement On Friday, the USD weakened 0.17% against the JPY and closed at 98.16. In Japan, a government report showed that housing starts in the nation declined 12.0% (YoY) in July, lower than analysts’ expectation for a fall to … Continue reading →

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GBP/USD: Concerns over Syria offset all positive momentum in GBP, trading higher this morning

Posted on September 2, 2013 by GCI Financial

GBPUSD Movement On Friday, GBP marginally fell against the USD and closed at 1.5495, as strong US consumer sentiment data spurred fresh speculation on Fed’s pace of stimulus measures. Negative sentiment was also fuelled as lingering concern over a possible … Continue reading →

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EUR/USD: PMI data from Europe in spotlight

Posted on September 2, 2013 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.22% against the USD and closed at 1.3209, as upbeat US consumer sentiment data and lingering tension of a possible military attack over Syria, boosted the demand for the safe-haven dollar. Separately, an official … Continue reading →

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AUD/USD: Aussie trading higher following upbeat private sector credit data

Posted on August 30, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.22% against the USD to close at 0.8925 as strong US GDP data revived speculation that the Fed might taper its stimulus measures sooner-than-expected. LME Copper prices declined 0.4% … Continue reading →

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USD/CAD: Greenback slid this morning after Syrian fears eroded

Posted on August 30, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD ticked up 0.43% against the CAD to close at 1.0541, after US economic data showed that second quarter US economic growth was revised higher. Meanwhile in Canada, current account … Continue reading →

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USD/CHF: Swiss Franc recouping yesterday’s losses in the Asian session

Posted on August 30, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.86% against the CHF and closed at 0.9314. Economic data from Switzerland released yesterday showed that the number of employed people increased to 4.166 million in the second … Continue reading →

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USD/JPY: Yen declined amid strong preference for greenback, pares losses this morning

Posted on August 30, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.59% against the JPY and closed at 98.33 as investors’ appetite for the greenback increased following the latest batch of strong economic releases from the US. In the … Continue reading →

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