USD/JPY: Yen trading lower as Japanese GDP data disappoints

Posted on August 12, 2013 by GCI Financial

On Friday, the USD weakened 0.46% against the JPY and closed at 96.33. In the Asian session, at GMT0300, the pair is trading at 96.57, with the USD trading 0.25% higher from Friday’s close. The yen is trading under pressure, … Continue reading →

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GBP/USD: UK’s trade deficit narrowed in June

Posted on August 12, 2013 by GCI Financial

On Friday, GBP fell 0.15% against the USD and closed at 1.5513. However, losses in the Pound were limited as UK trade deficit narrowed more-than-expected to £8.1 billion in June, following a deficit of £8.7 billion recorded in the previous … Continue reading →

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EUR/USD: Bundesbank believes that Greece will need more bailout loans by 2014, indicates a Report

Posted on August 12, 2013 by GCI Financial

On Friday, EUR declined 0.29% against the USD and closed at 1.3340, as weak French industrial output data disappointed investors. Industrial production in France declined 1.4% (MoM) in June, against the expected 0.1% rise, while manufacturing production fell 0.4% (MoM) … Continue reading →

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AUD/USD: RBA trims outlook for Australian economy

Posted on August 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD jumped 1.13% against the USD to close at 0.9107, after Chinese economic data showed rebound in exports and imports for July. The Aussie traded lower initially, after Australian economic data showed … Continue reading →

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USD/CAD: Pair trading below its MA’s

Posted on August 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD dropped 0.88% against the CAD to close at 1.0329. In Canada, the new house price index rose 0.2% (MoM) in June, compared to a 0.1% rise in the previous month. … Continue reading →

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USD/CHF: Swiss unemployment rate steadied in July

Posted on August 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9202. In economic news, unemployment rate in Switzerland remained unchanged at 3.2% in July, indicating that the Swiss economic is subjected to … Continue reading →

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USD/JPY: Yen paring yesterday’s losses, trading higher in the Asian session

Posted on August 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD ticked up 0.20% against the JPY and closed at 96.76. Yesterday, the Bank of Japan (BoJ) decided to keep interest rates and pace of asset purchases unchanged for July. Following … Continue reading →

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GBP/USD: Pound rose on BoE Governor comments

Posted on August 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5534, after the Bank of England (BoE) Governor, Mark Carney, reiterated commitment to bring down inflation to 2.0%, fuelling speculation that interest rates … Continue reading →

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EUR/USD: Euro advanced on German data

Posted on August 9, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR strengthened 0.30% against the USD and closed at 1.3379, as German trade and current account widened in June, added to signs that the Europe’s largest economy is picking up. The seasonally … Continue reading →

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AUD/USD: Aussie continues its northward journey in the Asian session

Posted on August 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.21% against the USD to close at 0.9005. LME Copper prices declined 1.9% or $134.5/MT to $6892.0/MT. Aluminium prices declined 1.3% or $22.0/MT to $1731.0/MT. In the Asian session, at … Continue reading →

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USD/CAD: Loonie fell on poor domestic data

Posted on August 8, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.0421, on supportive comments by Fed official over early tapering of bond buying program. The Canadian Dollar came under pressure, following the … Continue reading →

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