Daily Archives: April 5, 2011

RBA kept policy unchanged

Posted on April 5, 2011 by GCI Financial

The US dollar strengthened after Fed Chairman Bernanke said that further commodity price rises could boost US inflation, and that the Fed would have to respond if higher inflation was sustained. Nevertheless, he felt any inflation spikes are likely to be “transitory”, which diluted the apparent hawkishness of his remarks. The RBA kept policy unchanged, as expected. EURUSD traded 1.4186-1.4233, USDJPY 83.93-84.49. Continue reading →

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EUR/USD: Trading lower in Asian session

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.4225. In the Eurozone, the sentix investor sentiment index dropped to 14.22 in April, following 17.07 in March. Meanwhile, the producer price inflation in … Continue reading →

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GBP/USD: Pair trading between its MA’s

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.09% against the USD and closed at 1.6132. In the UK, the seasonally adjusted construction Purchasing Managers’ Index declined to 56.4 in March, following 56.5 in the previous month. According to … Continue reading →

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USD/JPY: Greenback bucks previous session losses, trading higher this morning

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.12% against the JPY and closed at 84.11. Chicago Federal Reserve Bank President, Charles Evans stated that the Fed’s decision to purchase $600 billion in large scale assets is the “right … Continue reading →

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USD/CHF: Pair trading sharply below its MA’s

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF and closed at 0.9226. Atlanta Federal Reserve President Dennis Lockhart stated that the economic recovery is well underway, but that serious imbalances need to be corrected to … Continue reading →

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USD/CAD: Canada dollar declines as crude oil slips from 30-month high

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.36% against the CAD to close at 0.9666. Canadian dollar snapped a five-day rally against greenback, as crude oil prices declined, damping demand for higher-yielding currencies. The Bank of Canada in … Continue reading →

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AUD/USD: Aussie trading lower on weak trade data

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0365, after its trade balance in Australia unexpectedly swung to a deficit in February for the first time in almost a year. In Australia, … Continue reading →

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Gold: Yellow metal shines on inflation worry

Posted on April 5, 2011 by GCI Financial

Gold prices traded higher by 0.49% against the USD in the 24 hour period ending 23:00GMT, at 1435.38 per ounce, as concerns over inflation raised the investment demand for the precious metals. A weak dollar and expectation of a rate … Continue reading →

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Silver: Trading lower this morning

Posted on April 5, 2011 by GCI Financial

Silver prices rose 2.27% to USD 38.71 per ounce during the 24 hours ending 23:00GMT, supported by strong investment demand and on expectations that industrial demand is also set to improve. In the Asian session at 3:00GMT, silver is trading … Continue reading →

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Crude Oil: Trading flat in Asian session

Posted on April 5, 2011 by GCI Financial

Oil prices advanced 0.04% against the USD for the 24 hour period ending 23:00GMT, closing at 108.33, as unrest in the Middle East and North Africa kept investors worried over the supply concerns. At GMT 0300, Oil is trading at … Continue reading →

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