Daily Archives: February 4, 2011

Risk trade fades on weak U.S. employment report

Posted on February 4, 2011 by GCI Financial

U.S. unemployment rate lower, but job gains dim
CHF major loser today
Mubarak to step down today?
Brent crude north of $100 Continue reading →

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RBA’s statement on Monetary Policy boosts AUD

Posted on February 4, 2011 by GCI Financial

With much of Asia still on holiday, FX price action was largely subdued overnight. However, AUDUSD did receive a strong boost when the RBA kept the forecasts for 2011 and 2012 inflation unchanged, despite the flooding. EURUSD traded 1.3609-1.3652, USDJPY 81.45-81.70. Fed Chairman Bernanke’s economic assessment largely echoed the latest FOMC statement. Continue reading →

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