AUD/USD: Pair trading above its MA’s

Posted on August 19, 2013 by GCI Financial

On Friday, the AUD strengthened 0.71% against the USD to close at 0.9199. LME Copper prices rose 1.5% or $107.5/MT to $7335.5/MT. Aluminium prices rose 1.8% or $34.0/MT to $1876.5/MT. In the Asian session, at GMT0300, the pair is trading … Continue reading →

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USD/CAD: Canadian manufacturing shipments unexpectedly fell in June

Posted on August 19, 2013 by GCI Financial

On Friday, the USD rose 0.21% against the CAD to close at 1.0325. The Canadian Dollar came under pressure, as manufacturing sales in Canada surprisingly dropped 0.5% (MoM) in June to C$48.2 billion, compared to a revised rise of 0.6% … Continue reading →

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USD/CHF: Swissy trading lower in the Asian session

Posted on August 19, 2013 by GCI Financial

On Friday, the USD rose marginally against the CHF and closed at 0.9262. In the Asian session, at GMT0300, the pair is trading at 0.9269, with the USD trading marginally higher from Friday’s close. The pair is expected to find … Continue reading →

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USD/JPY: Merchandise trade deficit in Japan widened in July

Posted on August 19, 2013 by GCI Financial

On Friday, the USD strengthened 0.52% against the JPY and closed at 97.58. In the Asian session, at GMT0300, the pair is trading at 97.61, with the USD trading marginally higher from Friday’s close. This morning, the total merchandise trade … Continue reading →

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GBP/USD: UK house prices rose in August, indicates Rightmove

Posted on August 19, 2013 by GCI Financial

On Friday, GBP rose marginally against the USD and closed at 1.5641. In the Asian session, at GMT0300, the pair is trading at 1.5625, with the GBP trading slightly lower from Friday’s close. Data released this morning indicated that the … Continue reading →

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EUR/USD: Euro dropped on risk aversion

Posted on August 19, 2013 by GCI Financial

On Friday, EUR declined 0.11% against the USD and closed at 1.3336, as risk aversion prevailed among investors after the preliminary US consumer sentiment index declined to a reading of 80.0 in August, from a final reading of 85.1 in … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on August 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD to close at 0.9133. LME Copper prices declined 0.6% or $44.5/MT to $7228.0/MT. Aluminium prices rose 0.4% or $7.5/MT to $1842.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie trading tad lower in the morning session

Posted on August 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CAD to close at 1.0303. The Loonie was supported by a rise in crude oil prices. On the economic front, existing homes sales in Canada increased 0.2% … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on August 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.94% against the CHF and closed at 0.9254, as uncertainty over Federal Reserve’s future plan of action regarding its stimulus program continued to weigh over investor sentiment. In the Asian … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on August 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.72% against the JPY and closed at 97.08. Yesterday, the Japanese Finance Minister, Taro Aso, indicated that reducing Japan’s corporate tax rate would not have an immediate impact on the … Continue reading →

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GBP/USD: Pound rose on upbeat UK retail sales data, trading lower in the Asian session

Posted on August 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.79% against the USD and closed at 1.5639, as a better-than-expected UK retail sales data instilled investor confidence in the British economy. Retail sales volume in UK advanced 3.0% (YoY) in … Continue reading →

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