USD/JPY: Yen moving northwards in the morning session

Posted on May 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.74% against the JPY and closed at 102.42. According the Bank of Japan’s (BoJ) monthly economic survey released yesterday, Japan’s economy is expected to return to a moderate recovery … Continue reading →

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GBP/USD: Pound gained as GDP data met market expectations; trading tad lower this morning

Posted on May 24, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.5093, as the Gross Domestic Product (GDP) in UK rebounded from a 0.3% decline in Q42012 and registered a 0.3% rise in the … Continue reading →

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EUR/USD: Euro advanced as risk appetite improved, trading lower this morning

Posted on May 24, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.62% against the USD and closed at 1.2923, as risk appetite improved among investors following the release of upbeat US jobless and housing data. Moreover, positive Euro-zone PMI data also added … Continue reading →

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USD/CHF: Swissy traded lower on SNB’s Chief comments

Posted on May 23, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 1.11% against the CHF and closed at 0.9803. The Swiss Franc traded at a lowest level in two years after the Swiss National Bank (SNB) Chief, Thomas Jordan stated that, … Continue reading →

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USD/CAD: Canadian retail sales stagnated in March

Posted on May 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.10% against the CAD to close at 1.0377. The Canadian Dollar fell after economic data indicated that retail sales in the nation remained unchanged in March, following a revised … Continue reading →

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EUR/USD: FOMC minutes raised concern over Fed tapering talks

Posted on May 23, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.60% against the USD and closed at 1.2842. In the Euro-zone, economic data indicated that, current account surplus increased to a seasonally adjusted €25.9 billion in March, from a revised €14.6 … Continue reading →

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GBP/USD: Pound sapped by weak retail sales data

Posted on May 23, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.83% against the USD and closed at 1.5034, after retail sales in the UK fell below market expectations, dropping 1.3% (MoM) in April, following a revised 0.6% fall recorded in the … Continue reading →

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AUD/USD: Aussie declines as Chinese PMI disappoints

Posted on May 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.57% against the USD to close at 0.9664, after minutes from the latest US Federal Reserve meeting indicated that few policy makers were open to tapering large-scale asset purchases as … Continue reading →

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USD/JPY: Yen trading higher in Asian session

Posted on May 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.73% against the JPY and closed at 103.19. In the Asian session, at GMT0300, the pair is trading at 102.78, with the USD trading 0.39% lower from yesterday’s close. … Continue reading →

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USD/CHF: Swissy trading tad higher in the Asian session

Posted on May 22, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9695. Yesterday, the International Monetary Fund in a report indicated that the Swiss National Bank needs to maintain its policy of defending its … Continue reading →

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USD/JPY: BoJ keeps its key interest rate unchanged

Posted on May 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.27% against the JPY and closed at 102.43. However, gains in the Dollar were pared after two Federal Reserve members supported US central bank’s current bond buying program to … Continue reading →

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