GBP/USD: Britain’s unemployment data and BoE policy minutes on trader’s radar today

Posted on August 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP dropped marginally against the USD and closed at 1.5449. In the UK, annual consumer prices rose 2.8% in July, in line with market expectations. The DCLG house price index rose 3.1% … Continue reading →

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EUR/USD: Traders await key GDP data from Germany and France

Posted on August 14, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.3266. Earlier, the common currency rose as improvement in German and the Euro-zone’s economic sentiment data sparked a decent reaction among Euro traders. … Continue reading →

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AUD/USD: Australian business confidence hit an eight month low reading

Posted on August 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.84% against the USD to close at 0.9112. LME Copper prices rose 0.8% or $60.0/MT to $7246.0/MT. Aluminium prices rose 0.6% or $11.0/MT to $1832.5/MT. In the Asian session, at … Continue reading →

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USD/CAD: Pair showing convergence with MA’s

Posted on August 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.0315. In the Asian session, at GMT0300, the pair is trading at 1.0307, with the USD trading modestly lower from yesterday’s close. … Continue reading →

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USD/CHF: Swiss real retail sales rose more than market expectations

Posted on August 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.40% against the CHF and closed at 0.9266. Swiss economic data released yesterday showed that real retail sales rose 2.3% (YoY) in June, following a 1.5% rise in May. … Continue reading →

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USD/JPY: Yen continues to trade lower in the Asian session

Posted on August 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD jumped 1.20% against the JPY and closed at 97.21. In Japan, industrial production dropped 3.1% (MoM) in June, compared to a 1.9% rise recorded in the previous month. Additionally, capacity … Continue reading →

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GBP/USD: Top-tier UK data on tap

Posted on August 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.5457. In the Asian session, at GMT0300, the pair is trading at 1.5465, with the GBP trading tad higher from yesterday’s close. In … Continue reading →

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EUR/USD: Euro paring its previous session losses

Posted on August 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3292. In France, trade deficit narrowed to €1.4 billion in June from a deficit of €3.5 billion in May. In Greece, gross domestic … Continue reading →

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AUD/USD: Pair moving above its MA’s

Posted on August 12, 2013 by GCI Financial

On Friday, the AUD strengthened 1.14% against the USD to close at 0.9213, amid a rise in Chinese retail sales, industrial production and CPI data. LME Copper prices rose 0.9% or $64.5/MT to $7186.0/MT. Aluminium prices rose 2.2% or $39.5/MT … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on August 12, 2013 by GCI Financial

On Friday, the USD declined 0.51% against the CAD to close at 1.0277. The Canadian Dollar tumbled earlier after a domestic jobs data for July were short of market expectations, but rebounded in later trading in response to broader weakness … Continue reading →

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USD/CHF: CHF trading lower ahead of the Swiss retail sales data

Posted on August 12, 2013 by GCI Financial

On Friday, the USD rose 0.25% against the CHF and closed at 0.9225. On Sunday, the Swiss National Bank (SNB) Vice Chairman, Jean-Pierre Danthine stated that SNB would enforce its cap on the Swiss Franc for as long as it … Continue reading →

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