USD/CHF: SNB’s Thomas Jordan continues to defend the Swiss Franc ceiling

Posted on July 22, 2013 by GCI Financial

  On Friday, the USD declined 0.45% against the CHF and closed at 0.9413. Over the weekend, the Swiss National Bank (SNB) President Thomas Jordan stated that he does not intend to change or scrap a Franc ceiling of 1.20 … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Shinzo Abe’s LDP wins key Upper House vote

Posted on July 22, 2013 by GCI Financial

On Friday, the USD weakened 0.34% against the JPY and closed at 100.22. On the economic front, Japan’s all industry activity index rose 1.1% (MoM) in May, compared to a revised 0.1% rise reported in April. Meanwhile, the final leading … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pair trading above it MA’s

Posted on July 22, 2013 by GCI Financial

On Friday, GBP rose 0.27% against the USD and closed at 1.5262. In economic news, UK’s public sector net borrowing stood at £10.2 billion in June, against the expected net borrowing of £9.4 billion and compared to a revised borrowing … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Portugal government to stay in power, rejects snap poll

Posted on July 22, 2013 by GCI Financial

On Friday, EUR rose 0.20% against the USD and closed at 1.3135. In economic news, Germany’s annual producer price index registered a 0.6% rise in June, while industrial orders in Italy recorded a 3.2% (MoM) rise in May and its … Continue reading →

Posted in EUR/USD | Leave a comment

USD/CAD: Canadian consumer price inflation rose in line with market expectations in June

Posted on July 22, 2013 by GCI Financial

  On Friday, the USD declined 0.12% against the CAD to close at 1.0368. The Canadian Dollar rose after the consumer price index (CPI) in Canada increased 1.2% annually in June, in line with the market expectations. Moreover, its core … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Aussie higher this morning after a fall sparked by China’s Finance Minister

Posted on July 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.61% against the USD to close at 0.9180, after China’s Finance Minister, Lou Jiwei, indicated that the “large-scale fiscal stimulus” measures won’t be used this year in China, re-igniting fears … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie advanced as an upbeat wholesales sales data signalled faster economic growth

Posted on July 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.26% against the CAD to close at 1.0378. The Canadian Dollar advanced, drawing strength from reports which showed that wholesale sales in Canada rose at the fastest pace in … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss trade surplus expanded more than forecasts

Posted on July 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.9446. Data out from Switzerland showed that trade surplus widened to CHF2.73 billion in June, following a surplus of CHF2.1 billion in … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: All eyes on weekend’s elections of Japan’s Upper House of Parliament

Posted on July 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.00% against the JPY and closed at 100.58. In the Asian session, at GMT0300, the pair is trading at 100.03, with the USD trading 0.54% lower from yesterday’s close, … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound continues to rise on upbeat UK retail sales data

Posted on July 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose slightly against the USD and closed at 1.5221, after the annual retail sales data in the UK exceeded market forecasts, adding to evidence that the UK economic recovery is gaining … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro snaps its yesterday’s losses to trade higher in the Asian session

Posted on July 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3109. Yesterday, the European Central Bank Executive board member, Joerg Asmussen, stated that the monetary policy will remain expansionary for as long as … Continue reading →

Posted in EUR/USD | Leave a comment