GBP/USD: Pound slips on caution before Bank of England meeting on Thursday

Posted on July 30, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.33% against the USD and closed at 1.5340, after data revealed that mortgage approvals and net consumer credit in the UK rose less than expected in June. Moreover, the monthly house … Continue reading →

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EUR/USD: IMF approves €1.7 billion loan to Greece

Posted on July 30, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.17% against the USD and closed at 1.3263. The greenback ticked up against major riskier currencies, amid uncertainty over the Federal Reserve’s stance on tapering asset purchases, ahead of its two … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on July 29, 2013 by GCI Financial

On Friday, the AUD strengthened 0.26% against the USD to close at 0.9260. LME Copper prices declined 0.3% or $22.0/MT to $6905.5/MT. Aluminium prices declined 1.3% or $23.0/MT to $1761.5/MT. In the Asian session, at GMT0300, the pair is trading … Continue reading →

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USD/JPY: Japan retail sales rose in June

Posted on July 29, 2013 by GCI Financial

On Friday, the USD weakened 1.06% against the JPY and closed at 98.20, In the Asian session, at GMT0300, the pair is trading at 97.88, with the USD trading 0.33% lower from Friday’s close. In the morning release, retail trade … Continue reading →

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USD/CHF: Swissy trading higher in the Asian session

Posted on July 29, 2013 by GCI Financial

On Friday, the USD declined 0.16% against the CHF and closed at 0.9286. In the Asian session, at GMT0300, the pair is trading at 0.9282, with the USD trading marginally lower from Friday’s close. The pair is expected to find … Continue reading →

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USD/CAD: Loonie continues to trade higher against the USD

Posted on July 29, 2013 by GCI Financial

On Friday, the USD declined marginally against the CAD to close at 1.0284. In the Asian session, at GMT0300, the pair is trading at 1.0269, with the USD trading 0.15% lower from Friday’s close. The pair is expected to find … Continue reading →

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GBP/USD: UK house prices rose at a slower pace in July

Posted on July 29, 2013 by GCI Financial

On Friday, GBP rose marginally against the USD and closed at 1.5383. In the Asian session, at GMT0300, the pair is trading at 1.5386, with the GBP trading marginally higher from Friday’s close. Data released this morning revealed that UK … Continue reading →

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EUR/USD: Euro trading tad higher in the morning session

Posted on July 29, 2013 by GCI Financial

On Friday, EUR traded steady against the USD and closed at 1.3276, amid growing uncertainty over the future of the Federal Reserve’s stimulus program. Euro-zone officials approved the transfer of €4 billion of funding to Greece and Euro-zone governments are … Continue reading →

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AUD/USD: Aussie continues to trade higher

Posted on July 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 1.13% against the USD to close at 0.9236. The greenback came under pressure, as disappointing initial jobless claims data in the US prompted traders to shun the safe haven currency. … Continue reading →

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USD/CAD: Greenback dropped before Fed’s meeting next week

Posted on July 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD to close at 1.0287, amid continued expectations that Fed’s monetary policy would remain accommodative at next week’s meeting, following the release of disappointing initial jobless … Continue reading →

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USD/CHF: Swiss Franc continues to zoom higher

Posted on July 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9299. In the Asian session, at GMT0300, the pair is trading at 0.9290, with the USD trading 0.10% lower from yesterday’s close. … Continue reading →

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