USD/CHF: Greenback dropped on disappointing US manufacturing data, trading higher this morning

Posted on July 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 0.9350, as drop in the US Richmond Federal manufacturing index bolstered speculation that the Federal Reserve would delay winding down its bond-buying … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen fell on downbeat Japanese trade data

Posted on July 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.19% against the JPY and closed at 99.52. Yesterday, the Japanese government upgraded its assessment for the nation’s economy, stating that economic recovery has become self-sustaining. In the Asian … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound witnessing choppy trading this morning after yesterday’s gains

Posted on July 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose slightly against the USD and closed at 1.5372. Economic data out from the UK showed that mortgage approvals rose less-than-expected in June, but still hit the highest level since February … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: China PMI data weighs on Euro

Posted on July 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR strengthened 0.23% against the USD and closed at 1.3222. The greenback came under pressure, after weak manufacturing and home sales data from the US re-ignited expectations that the Federal Reserve would … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie trading above its MA’s

Posted on July 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.39% against the USD to close at 0.9257. The Aussie continued to gain support following decision late last week by officials in China, Australia’s biggest trading partner, to scrap a … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Greenback declined on soft US housing data

Posted on July 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0339, as weaker-than-expected US home sales numbers weighed on the greenback. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading steady this morning

Posted on July 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CHF and closed at 0.9359. In the Asian session, at GMT0300, the pair is trading at 0.9358, with the USD trading flat from yesterday’s close. The … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen trading lower this morning

Posted on July 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 1.06% against the JPY and closed at 99.33. The Bank of Japan board member, Takehiro Sato, stated that the central bank is ready to consider additional stimulus if required. … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound strengthened as the UK Prime Minister cites economic recovery

Posted on July 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.52% against the USD and closed at 1.5365, amid comments by the UK Prime Minister, David Cameron, that the country’s economy is improving and may provide scope for the UK … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro rose on easing Portugal’s political worries and broad US Dollar weakness

Posted on July 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.3191, as political worries from Portugal eased after Portuguese President, Anibal Cavaco Silva, over the weekend, stated that the current government would stay … Continue reading →

Posted in EUR/USD | Comments Off

AUD/USD: Australian Dollar continues to trade higher in the Asian session

Posted on July 22, 2013 by GCI Financial

On Friday, the AUD strengthened 0.16% against the USD to close at 0.9195. Late on Friday, the People’s Bank of China announced that it would remove the lower limit on interest rates for banks, in an effort to help lenders … Continue reading →

Posted in AUD/USD | Leave a comment