Monthly Archives: April 2011

The Dollar stabilizes

Posted on April 29, 2011 by GCI Financial

With Japan on holiday, and the FOMC statement fully digested, the price action during the Asia session was relatively subdued. EURUSD traded 1.4773-1.4848, USDJPY 81.47-81.71 Continue reading →

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Crude Oil: Crude oil falls from highest in 31 months on signs of slowing fuel demand

Posted on April 29, 2011 by GCI Financial

Oil prices declined 0.60% against the USD for the 24 hour period ending 23:00GMT, closing at 112.80, on signs the US economy is slowing, signaling fuel demand in the world’s biggest crude-consuming nation may falter. At GMT 0300, Oil is … Continue reading →

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Silver: Weaker US data pushes silver to new records, trading lower in Asian session

Posted on April 29, 2011 by GCI Financial

Silver prices rose 0.02% to USD 48.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 48.36 per ounce, 0.06% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold rises on US growth concerns, trading lower this morning

Posted on April 29, 2011 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,535.90 per ounce, as lackluster US growth and no sign of tighter policy by the Federal Reserve weighed on greenback. In the Asian … Continue reading →

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AUD/USD: Aussie rises past $1.09 on rate outlook

Posted on April 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.70% against the USD to close at 1.0935. The Australian dollar rallied past $1.09 for the first time since it was floated on speculation the central bank would raise interest rates … Continue reading →

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USD/CAD: Loonie trading high in Asian session

Posted on April 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9503, amid data that showed the US economy grew at a slower pace than expected, while an increasingly uncertain Canadian election contributed to volatility. … Continue reading →

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USD/CHF: Swiss franc eyes record vs dollar as US rates seen low, trading lower this morning

Posted on April 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CHF and closed at 0.8731. Swiss Franc advanced against greenback, as investors anticipated that US interest rates would remain low for some time. In the US, initial jobless … Continue reading →

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USD/JPY: Japanese Yen trading higher this morning

Posted on April 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.79% against the JPY and closed at 81.58. In Japan, yesterday, the Bank of Japan (BoJ) held the benchmark interest rate at a range of zero to 0.1% and also kept … Continue reading →

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EUR/USD: Dollar wobbles as GDP data shows recovery losing steam, trading higher this morning

Posted on April 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.41% against the USD and closed at 1.4839, amid release of economic growth data in the US. The Commerce Department stated that the US gross domestic product increased at an annual … Continue reading →

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GBP/USD: Trading flat this morning

Posted on April 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6642, as investors speculated that the Bank of England would raise rates ahead of its US counterpart after the Federal Reserve renewed its pledge … Continue reading →

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BoJ policies unchanged

Posted on April 28, 2011 by GCI Financial

The dollar remained on the defensive throughout the Asia session as risk appetite continued to improve in the wake of the latest FOMC policy statement. EURUSD traded 1.4683-1.4882, USDJPY 81.62-82.50. Continue reading →

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