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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
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- Gold: Yellow metal reverses it gains in the Asian session
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- USD/CAD: Loonie trading on a stronger footing this morning
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Daily Archives: April 7, 2011
ECB Meeting on focus
The dollar drifted higher against most G10 currencies during the Asia session. AUDUSD was the exception however, hitting a new post-float high after a stronger-than-expected employment report. The euro showed no obvious ill effects from Portugal’s decision to request external financial assistance. Clearly, rate expectations continue to be the key driver of currencies, as market participants look ahead to the ECB meeting. EURUSD traded 1.4297-1.4343, USDJPY 85.11-85.50. Continue reading
Posted in Market Snapshot
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EUR/USD: Trading lower in Asian session, awaits European Central Bank rate decision
For the 24 hours to 23:00 GMT, EUR rose 0.76% against the USD and closed at 1.4329. In the Eurozone, on a sequential basis, the GDP rose 0.3% in the fourth quarter of 2010. Meanwhile, German factory orders advanced on … Continue reading
Posted in EUR/USD
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GBP/USD: Investors awaits the Bank of England interest rate decision
For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6322. In the UK economic news, the industrial production unexpectedly fell 1.2% (M-o-M) in February, while the monthly manufacturing output remained flat in February. … Continue reading
Posted in GBP/USD
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USD/JPY: Greenback trading flat in Asian session
For the 24 hours to 23:00 GMT, USD strengthened 0.28% against the JPY and closed at 85.35. In Japan, the leading index advanced to 104.2 in February, while the coincident index climbed to 106.3 in February. Federal Reserve Bank of … Continue reading
Posted in USD/JPY
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USD/CHF: Swiss Franc strengthens after inflation surges, trading flat this morning
For the 24 hours to 23:00 GMT, USD declined 0.80% against the CHF and closed at 0.9180. The consumer price inflation in Switzerland advanced to 1.0% (Y-o-Y) in March, compared to a 0.5% rate in February. Moreover, the monthly consumer … Continue reading
Posted in USD/CHF
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USD/CAD: Loonie trading between its MA’s
For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9600. In Canada, the Ivey purchasing managers index jumped to 73.2, the highest level in over three years, and compared to 70.8 in February. … Continue reading
Posted in USD/CAD
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AUD/USD: Australian dollar rallies to new high on jobs surge
For the 24 hours to 23:00 GMT, AUD strengthened 1.12% against the USD to close at 1.0433. In Australia, investment lending was down 2.3% (M-o-M) in February, following the downwardly revised fall of 6.9% in January. In the morning news, … Continue reading
Posted in AUD/USD
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Gold: Yellow metal advances on inflation concerns, trading lower in Asian session
Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1459.90 per ounce, as a combination of a weaker dollar, geopolitical unrest and concerns over inflation, raised the demand for the precious metal. … Continue reading
Posted in Gold
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Silver: Trading lower this morning
Silver prices rose 0.95% to USD 39.500 per ounce during the 24 hours ending 23:00GMT, as the greenback weakened. In the Asian session at 3:00GMT, silver is trading at USD 39.38 per ounce, 0.30% lower, from 23:00GMT. The first level … Continue reading
Posted in Silver
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Crude Oil: Oil hits new peak despite US inventories hike, trading lower in Asian session
Oil prices advanced 0.69% against the USD for the 24 hour period ending 23:00GMT, closing at 108.58, after the North Atlantic Treaty Organization (NATO) escalated its air campaign over Libya, raising concern that the conflict would spread to other energy-exporting … Continue reading
Posted in Crude Oil
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