GBP/USD: UK house prices rose in July, indicates Rightmove

Posted on July 15, 2013 by GCI Financial

  On Friday, GBP fell 0.45% against the USD and closed at 1.5104, after data showed larger-than-expected decline in UK construction output. In the UK, construction output fell 3.4% (YoY) in May, against the expectation of a 2.8% drop. In … Continue reading →

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AUD/USD: Aussie higher on Chinese economic data

Posted on July 15, 2013 by GCI Financial

  On Friday, the AUD weakened 1.16% against the USD to close at 0.9059. LME Copper prices declined 1.0% or $72.5/MT to $6923.0/MT. Aluminium prices declined 0.6% or $10.0/MT to $1790.5/MT. In the Asian session, at GMT0300, the pair is … Continue reading →

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USD/CHF: Swissy continues its previous session gains

Posted on July 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.17% against the CHF and closed at 0.9477. In the Asian session, at GMT0300, the pair is trading at 0.9473, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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GBP/USD: Pound trading tad higher in the Asian session

Posted on July 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5172, as the greenback slipped after a data showed that the US initial jobless claims unexpectedly rose to a two-month high during last … Continue reading →

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AUD/USD: Home loans approval rose in Australia

Posted on July 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.76% against the USD to close at 0.9166. LME Copper prices rose 3.2% or $215.5/MT to $6995.5/MT. Aluminium prices rose 2.2% or $39.0/MT to $1800.5/MT. In the Asian session, at … Continue reading →

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EUR/USD: Euro continues to lose ground this morning

Posted on July 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.3087. Yesterday, the European Central Bank (ECB) in its latest monthly economic report indicated that it sees key interest rates at present or … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on July 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 98.83. In the Asian session, at GMT0300, the pair is trading at 99.03, with the USD trading 0.20% higher from yesterday’s close. … Continue reading →

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USD/CAD: Canadian new house prices rose in May

Posted on July 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD to close at 1.0378. On the Canadian economic front, the New Housing Price Index (NHPI) advanced 0.1% (MoM) in May, less than the market expectations … Continue reading →

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USD/CAD: Pair moving below its MA’s

Posted on July 11, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 1.23% against the CAD to close at 1.0401, after the Federal Reserve Chairman, Ben Bernanke stated that the US needs “highly accommodative monetary policy” or low interest rates “for the … Continue reading →

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GBP/USD: Greenback slipped as Fed minutes disappointed investors, trading higher this morning

Posted on July 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 1.89% against the USD and closed at 1.5128, as demand for the greenback decreased following comments by the Federal Reserve Chairman, Ben Bernanke that highly accommodative monetary policy would be … Continue reading →

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USD/CHF: Swiss Franc trading higher in the Asian session

Posted on July 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 2.73% against the CHF and closed at 0.9474, after the Fed Chief, Ben Bernanke emphasized the Fed’s accommodative policy stance and indicated that the central bank would not be … Continue reading →

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