Daily Archives: April 4, 2011

Fresh gains on Commodity Currencies

Posted on April 4, 2011 by GCI Financial

Commodity currencies made fresh gains against the US dollar during the Asia session despite the general lack of news flow. AUDUSD broke 1.0400, and USDCAD also traded heavily on the back of M&A reports. EURUSD traded 1.4217-1.4268, and USDJPY 84.05-84.38. Continue reading →

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EUR/USD: Trading flat this morning

Posted on April 4, 2011 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, EUR rose 0.50% against the USD and closed at 1.4232. Fitch Ratings downgraded Portugal’s long-term foreign and local currency issuer default ratings to BBB-, from A- and kept the ratings on … Continue reading →

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GBP/USD: Pair trading slightly above its MA’s

Posted on April 4, 2011 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.6112. The purchasing managers’ index for the manufacturing sector in the UK declined to a five month low of 57.1 in March, … Continue reading →

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USD/JPY: Greenback trading higher after upbeat US jobs report

Posted on April 4, 2011 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD strengthened 0.85% against the JPY and closed at 84.07. Automobile Dealers Association reported that annual automobile sales in Japan fell 37.0% in March to 279,389. The Minneapolis Federal Reserve Bank … Continue reading →

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USD/CHF: Trading flat in Asian session

Posted on April 4, 2011 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD rose 0.42% against the CHF and closed at 0.9234. In Switzerland, retail sales were up 3.8% (M-o-M), compared to a 2% drop in January. On an annual basis, real retail … Continue reading →

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USD/CAD: Loonie hits 3-year high on the US jobs data

Posted on April 4, 2011 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, USD declined 0.55% against the CAD to close at 0.9641. The US Labor Department reported that the nonfarm payrolls in the March climbed 216,000, higher than expected, while the nation’s unemployment … Continue reading →

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AUD/USD: Pair trading just above its MA’s

Posted on April 4, 2011 by GCI Financial

On Friday, for the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 1.0385. Australia’s index of commodity prices increased 0.6% (M-o-M) in March, slower than a revised 1.4% rise in the previous month. New … Continue reading →

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Gold: Trading higher in Asian session

Posted on April 4, 2011 by GCI Financial

On Friday, Gold prices traded lower by 0.34% against the USD in the 24 hour period ending 23:00GMT, at 1428.10 per ounce, on upbeat US job data and after the US Federal Reserve official indicated that the central bank may … Continue reading →

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Silver: Trading well above its MA’s

Posted on April 4, 2011 by GCI Financial

On Friday, Silver prices rose 0.48% to USD 37.78 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.05 per ounce, 0.71% higher, from 23:00GMT. The first level of short … Continue reading →

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Crude Oil: Oil continue to move northwards on supply concerns

Posted on April 4, 2011 by GCI Financial

On Friday, Oil prices advanced 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 108.26, after the release of better than expected US jobs data and as Libyan leader Muammar Qaddafi’s forces regained ground against rebels. … Continue reading →

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