EUR/USD: Euro trading tad lower in the Asian session

Posted on July 17, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.69% against the USD and closed at 1.3148. The greenback stayed on back foot, ahead of Federal Reserve Chairman, Ben Bernanke’s testimony later today, in which markets anticipate that he … Continue reading →

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AUD/USD: Australian policymakers hint at ‘wait and watch’ stance: RBA minutes

Posted on July 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, AUD edged up marginally against the USD to close at 0.9090, after the annual gross domestic product growth from China, Australia’s largest trading partner, for the second quarter of 2013, matched market expectations, … Continue reading →

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USD/CAD: USD tad lower against CAD this morning

Posted on July 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD ticked up 0.47% against the CAD to close at 1.0439, as drop in oil prices pressurized commodity sensitive, CAD. In economic news, existing home sales in Canada rose 3.3% (MoM) in … Continue reading →

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USD/CHF: Swiss Franc witnessed drop yesterday, trading slightly higher this morning

Posted on July 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9485. In Switzerland, the producer and import price index rose 0.1% (MoM) in June, compared to a 0.3% fall in the previous month. … Continue reading →

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USD/JPY: Yen trading higher ahead of BoJ minutes

Posted on July 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.76% against the JPY and closed at 99.96. In the Asian session, at GMT0300, the pair is trading at 99.74, with the USD trading 0.22% lower from yesterday’s close, ahead … Continue reading →

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GBP/USD: Pound trading higher after yesterday’s fall

Posted on July 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.5095. The US dollar strengthened in yesterday’s session, on the back of lingering speculation that the Federal Reserve would soon start tapering its asset … Continue reading →

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EUR/USD: Euro trading higher; Series of European economic data awaited today

Posted on July 16, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3058. Yesterday, Fitch Ratings downgraded the European Financial Stability Facility (EFSF) rating to ‘AA+’ from ‘AAA’, with Stable Outlook. On the other hand, in … Continue reading →

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USD/CHF: Pair moving tad lower this morning, Swiss producer and import prices data awaited

Posted on July 15, 2013 by GCI Financial

  On Friday, the USD declined marginally against the CHF and closed at 0.9467. In the Asian session, at GMT0300, the pair is trading at 0.9465, with the USD trading marginally lower from Friday’s close. The pair is expected to … Continue reading →

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USD/JPY: Japan’s economy showing signs of recovery, indicates BoJ’s economic survey

Posted on July 15, 2013 by GCI Financial

  On Friday, the USD strengthened 0.55% against the JPY and closed at 99.38. In economic news, Japan’s industrial production rose less than preliminary estimate in May, while capacity utilisation advanced at a higher pace in May. Meanwhile, the Bank … Continue reading →

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EUR/USD: Euro slipped as Fitch downgraded France, trading tad higher this morning

Posted on July 15, 2013 by GCI Financial

  On Friday, EUR declined 0.20% against the USD and closed at 1.3061, after the Fitch rating agency lowered its credit rating on France to ‘AA+’ from ‘AAA’, following the nation’s uncertain economic outlook amid the ongoing Euro-zone crisis and … Continue reading →

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USD/CAD: Pair showing convergence with its MA’s

Posted on July 15, 2013 by GCI Financial

  On Friday, the USD rose 0.13% against the CAD to close at 1.0391. According to the Teranet and the National Bank of Canada, the composite house price index in Canada rose 1.0% (MoM) to a reading of 157.0 in … Continue reading →

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