Daily Archives: April 1, 2011

Fed Hawkish

Posted on April 1, 2011 by GCI Financial

The dollar gained sharply on a hawkish headline attributed to Minneapolis Fed President Kocherlakota. Newswires claimed he signaled the possible need for up to 75bp worth of hikes before year-end. EURUSD traded 1.4154-1.4206, USDJPY 82.82-83.74. Continue reading →

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EUR/USD: Euro rises on interest rate hopes, trading flat this morning

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.4161, after a report showed that inflation in the Eurozone rose more than expected, raising expectations that the European Central Bank would raise interest … Continue reading →

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GBP/USD: Trading flat in Asian session

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6034, after the UK banks reported an unexpected increase in mortgage defaults. According to the Bank of England’s latest Credit Conditions Survey, the default … Continue reading →

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USD/JPY: Pair trading above its MA’s

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.31% against the JPY and closed at 83.36. In Japan, on an annual basis, wage earners’ total cash earnings edged up 0.3% in February, rising for the 12th straight month. Housing … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CHF and closed at 0.9195. In Switzerland, the Swiss National Bank reported that current account indicated a surplus of CHF19.4 billion in 4Q FY2010, from a surplus of … Continue reading →

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USD/CAD: Canadian dollar advances amid surging oil prices, strong GDP data, trading flat this morning

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.21% against the CAD to close at 0.9694. In Canada, gross domestic product rose 0.5% in January, largely supported by manufacturing gains. Meanwhile, in the US, Labor Department reported that first-time … Continue reading →

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AUD/USD: Trading flat in morning session

Posted on April 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0333. The Australian Industry Group/PriceWaterhouseCoopers performance of manufacturing index PMI dropped 3.2 points to 47.9 in March. Richmond Fed President, Jeffrey Lacker stated that … Continue reading →

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Gold: EU finance jitters lift gold to new record, trading lower this morning

Posted on April 1, 2011 by GCI Financial

Gold prices traded higher by 0.70% against the USD in the 24 hour period ending 23:00GMT, at 1432.98 per ounce, supported by a weaker dollar and concerns over inflation. Gold was also boosted by the uncertainty over the outcome of … Continue reading →

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Silver: Trading lower in Asian session

Posted on April 1, 2011 by GCI Financial

Silver prices rose 0.45% to USD 37.60 per ounce during the 24 hours ending 23:00GMT, in line with the rise in gold prices. In the Asian session at 3:00GMT, silver is trading at USD 37.56 per ounce, 0.11% lower, from … Continue reading →

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Crude Oil: Oil rallies on Libya, weaker dollar, trading flat in Asian sesion

Posted on April 1, 2011 by GCI Financial

Oil prices advanced 2.45% against the USD for the 24 hour period ending 23:00GMT, closing at 106.90, after Libyan leader Muammar Gaddafi’s troops retook the control of the oil producing towns of Ras Lanuf and Brega from the rebels in … Continue reading →

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