Daily Archives: April 6, 2011

Australian economic data continues to turn over

Posted on April 6, 2011 by GCI Financial

The FOMC minutes from the March 15 meeting confirmed what recent Fed speeches have suggested – a mild divergence of opinion is starting to emerge on the FOMC. Australian economic data continues to turn over, and home loan lending declined again in February. EURUSD traded 1.4208-1.4267, USDJPY 84.58-85.53. Continue reading →

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EUR/USD: Euro weighed down after Portugal rating cut, trading higher this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.03% against the USD and closed at 1.4221. In the Eurozone, the service sector business activity index in rose to 57.2 in March, the strongest since August 2007, while the headline … Continue reading →

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GBP/USD: Pound jumps on upbeat PMI service data

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 1.04% against the USD and closed at 1.6300, after a report showed service industries in the UK expanded at a faster pace in March. The Markit/Chartered Institute of Purchasing & Supply … Continue reading →

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USD/JPY: Yen weakens against greenback after Bernanke comments

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.19% against the JPY and closed at 85.11, after minutes from the Federal Reserve’s March 15 meeting showed that some policy makers stated that signs of a stronger recovery may warrant … Continue reading →

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USD/CHF: Trading flat this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9254. In the US, Minneapolis Federal Reserve Bank President, Narayana Kocherlakota stated that the Federal Reserve is committed keeping inflation under control as part … Continue reading →

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USD/CAD: Canadian dollar continues to trade higher

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD to close at 0.9634. The Canadian dollar recorded gains against greenback, as investors continued to seek out the currency despite lower crude oil prices, as Libyan rebels … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD to close at 1.0317. On Tuesday, the Reserve Bank of Australia kept its key rate on hold at 4.75%, as widely expected. In economic news, the total … Continue reading →

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Gold: Gold hits record high in intraday New York session, trading marginally lower this morning

Posted on April 6, 2011 by GCI Financial

Gold prices traded higher by 1.31% against the USD in the 24 hour period ending 23:00GMT, at 1454.15 per ounce, as concerns over potential US government shutdown and a credit rating downgrade of Portugal, increased the demand of gold as … Continue reading →

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Silver: White metal continue to surge higher

Posted on April 6, 2011 by GCI Financial

Silver prices rose 1.08% to USD 39.13 per ounce during the 24 hours ending 23:00GMT, as investors sought out more stable assets while being more cautious over Europe’s debt crisis and unrest in the Middle East and North Africa. In … Continue reading →

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Crude Oil: Oil trading higher in Asian session, Investors monitor unrest, demonstrations in Middle East, North Africa

Posted on April 6, 2011 by GCI Financial

Oil prices weakened 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 107.84, pressured by an interest rate hike in China though concerns over Middle East and Libya and potential supply disruptions limited losses. The American … Continue reading →

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