USD/CAD: Canadian housing starts jumped at fastest pace in more than a year

Posted on June 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0199. The Loonie remained buoyant yesterday as Canadian housing starts rose to a level of 200.2K in May, fastest pace in more … Continue reading →

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USD/CHF: Swiss retail sales increased in April

Posted on June 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9344. The Swiss Franc was supported by reports showing a 3.3% (YoY) rise in Switzerland’s retail sales in April, above the market … Continue reading →

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GBP/USD: Pound continues to trade higher in the Asian session

Posted on June 11, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.27% against the USD and closed at 1.5567. In the Asian session, at GMT0300, the pair is trading at 1.5584, with the GBP trading 0.11% higher from yesterday’s close. Data … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on June 10, 2013 by GCI Financial

On Friday, the AUD weakened 0.65% against the USD to close at 0.9495. Over the weekend, China released a string of economic releases, wherein China’s consumer price index dropped 0.6% (MoM) in May, while the producer price index slipped 2.9% … Continue reading →

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USD/CAD: Loonie trading on the positive side this morning

Posted on June 10, 2013 by GCI Financial

On Friday, the USD declined 0.60% against the CAD to close at 1.0214. However, losses were capped as reports showed that Canada added the most jobs in a decade in May and also recorded a drop in its unemployment rate. … Continue reading →

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USD/CHF: Swissy trading lower in the Asian session

Posted on June 10, 2013 by GCI Financial

On Friday, the USD rose 0.57% against the CHF and closed at 0.9351. In Switzerland, foreign currency reserves widened to CHF441.4 billion in May from CHF436.1 billion recorded in April. Market had expected foreign currency reserves to rise to CHF440.50 … Continue reading →

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USD/JPY: Japan’s economy expanded in the Q1 2013; yen trading lower this morning

Posted on June 10, 2013 by GCI Financial

  On Friday, the USD strengthened marginally against the JPY and closed at 97.43. In economic news, preliminary reading of Japan’s leading economic index rose to 99.30 in April while preliminary reading of coincident index advanced to 94.80 in April. … Continue reading →

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GBP/USD: Pound moving southwards in the Asian session

Posted on June 10, 2013 by GCI Financial

  On Friday, GBP fell 0.27% against the USD and closed at 1.5558, following positive US employment data. However, losses were limited as UK’s total trade deficit narrowed to £2.6 billion in April from to a downwardly revised deficit of … Continue reading →

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EUR/USD: Dollar gained as upbeat US employment data fuelled Fed taper speculation

Posted on June 10, 2013 by GCI Financial

  On Friday, EUR declined 0.14% against the USD and closed at 1.3224. The dollar gained strength as the US employment growth in May was higher than market expectations, which renewed speculation that the US Federal Reserve could taper the … Continue reading →

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EUR/USD: Euro rose above 1.3200 as Draghi rules out negative interest rates

Posted on June 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 1.18% against the USD and closed at 1.3242, after European Central Bank (ECB) President, Mario Draghi stated that a cut in the bank’s deposit rate below zero was not on … Continue reading →

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USD/CHF: Swiss CPI advanced in May

Posted on June 7, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 1.46% against the CHF and closed at 0.9297. Yesterday, Switzerland’s consumer price index (CPI) climbed 0.1% (MoM) in May, in line with the market expectation and compared to a … Continue reading →

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