USD/JPY: Japan’s economy showing positive indications of improvement, indicates BoJ

Posted on June 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.81% against the JPY and closed at 95.49. In its latest monthly economic survey, the Bank of Japan (BoJ) indicated that Japan’s economic outlook remains on the upside as … Continue reading →

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GBP/USD: Pound gained as UK unemployment benefit claims dropped in May; trading lower this morning

Posted on June 13, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5683, after the number of unemployed people in the UK fell by 8.6K in May, following an upwardly revised drop of 11.8K recorded … Continue reading →

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AUD/USD: Australia’s Westpac consumer confidence index rebounds in June

Posted on June 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 0.9455. LME Copper prices declined 1.2% or $84.0/MT to $7036.0/MT. Aluminium prices declined 1.9% or $35.5/MT to $1848.5/MT. In the Asian session, at … Continue reading →

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USD/JPY: Yen gains as BoJ maintains its monetary policy; trading tad lower this morning

Posted on June 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 2.67% against the JPY and closed at 96.26. The Yen staged a rally yesterday after the Bank of Japan (BoJ) kept its monetary policy unchanged and offered no new … Continue reading →

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USD/CAD: Loonie trading lower in the Asian session

Posted on June 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.0191. In the Asian session, at GMT0300, the pair is trading at 1.0211, with the USD trading 0.20% higher from yesterday’s close. … Continue reading →

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USD/CHF: SECO indicates economic recovery over next couple of years; Swissy trading tad higher this morning

Posted on June 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.91% against the CHF and closed at 0.9253. Yesterday, the Swiss State Secretariat for Economic Affairs (SECO) raised its 2013 growth outlook to 1.4% from 1.3% it anticipated in … Continue reading →

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GBP/USD: Pound trading flat in the Asian session, UK employment data awaited

Posted on June 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.5644, as the UK industrial production data impressed investors. On the economic front, UK’ industrial production exceeded market expectations by recording a monthly … Continue reading →

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EUR/USD: Euro trading flat in the Asian session

Posted on June 12, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.45% against the USD and closed at 1.3312. Yesterday, the European Central Bank (ECB) defended its bond-buying program in a German courtroom, arguing that the scheme many credit with saving … Continue reading →

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EUR/USD: Euro continues to rise this morning

Posted on June 11, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.39% against the USD and closed at 1.3253. Yesterday, the Standard & Poor’s affirmed the credit outlook for the US government at ‘AA+/A-1+’, and upgraded outlook from ‘Negative’ to ‘Stable’. Separately, … Continue reading →

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AUD/USD: Australia’s NAB business conditions rises while business confidence remains stable in May

Posted on June 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 0.9427. LME Copper prices declined 2.2% or $162.0/MT to $7120.0/MT. Aluminium prices declined 2.6% or $49.5/MT to $1884.0/MT. In the Asian session, at … Continue reading →

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USD/JPY: BoJ maintains its key interest rate

Posted on June 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.54% against the JPY and closed at 98.90, after the Standard & Poor’s ratings agency upgraded the outlook for the US credit rating to ‘Stable’ from ‘Negative’, citing the … Continue reading →

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