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

Posted on June 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.5409, as robust US economic numbers lifted the greenback. In economic news, the British Bankers’ Association (BBA) reported that UK’s major mortgage providers … Continue reading →

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USD/JPY: Yen trading higher in the morning session

Posted on June 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.55% against the JPY and closed at 98.16, as better than expected US durable goods orders, CB consumer confidence and new home sales figures lifted investor confidence in the … Continue reading →

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EUR/USD: Dollar gained on strong US economic data

Posted on June 26, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.3075. The greenback registered gains as stronger-than-expected US economic data added to speculation the Federal Reserve might scale back its quantitative easing programme. … Continue reading →

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AUD/USD: Aussie slipping lower in the morning session

Posted on June 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 0.9277. LME Copper prices declined 2.1% or $139.5/MT to $6637.5/MT. Aluminium prices declined 1.1% or $19.0/MT to $1729.0/MT. In the Asian session, at … Continue reading →

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USD/CAD: Loonie continues its previous session losses

Posted on June 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD to close at 1.0500. In the Asian session, at GMT0300, the pair is trading at 1.0516, with the USD trading 0.15% higher from yesterday’s close. … Continue reading →

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USD/CHF: Swiss Franc trading tad lower in the Asian session

Posted on June 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9325. Trading in the pair remained subdued as the US economic calendar was thin and Switzerland had no major releases yesterday. In … Continue reading →

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USD/JPY: Would not act on temporary market turbulence, indicates BoJ’s Iwata

Posted on June 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.78% against the JPY and closed at 97.63. Yesterday, the Bank of Japan Deputy Governor, Kikuo Iwata ruled out using its policy ammunition to deal with temporary market turbulence, … Continue reading →

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GBP/USD: Pair trading above its MA’s

Posted on June 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD and closed at 1.5454. Reuters reported that the UK’s Chancellor of the Exchequer, George Osborne reached a deal with the government department to reduced £11.50 billion … Continue reading →

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EUR/USD: Euro reverses its previous session gains

Posted on June 25, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.21% against the USD and closed at 1.3135. On the economic front, Germany’s Ifo business climate index rose to a reading of 105.90 in June, while the business expectations index … Continue reading →

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AUD/USD: Aussie drop would be ‘very good thing’ for the economy, indicates Gillard

Posted on June 24, 2013 by GCI Financial

  On Friday, the AUD strengthened 0.55% against the USD to close at 0.9247. LME Copper prices declined 0.5% or $31.0/MT to $6777.0/MT. Aluminium prices ended marginally lower or $0.5/MT to $1748.0/MT. In the Asian session, at GMT0300, the pair … Continue reading →

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USD/CAD: Loonie dropped on soft Canadian inflation, retail sales data

Posted on June 24, 2013 by GCI Financial

  On Friday, the USD rose 0.13% against the CAD to close at 1.0457. The Loonie weakened following tepid Canadian CPI and retail sales data. Canada’s consumer price index (CPI) rose 0.7% in May, less than the expected 0.9% rise. … Continue reading →

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