Daily Archives: April 8, 2011

US Budget on focus

Posted on April 8, 2011 by GCI Financial

Risk sentiment has been supported overnight, mainly in response to the confirmation that the Fukushima nuclear plant has not suffered damage on the back of yesterday’s sizeable aftershock in northeast Japan. Hence most Asian stock market indices are trading firmly in the black. Elsewhere, US President Obama and Congressional leaders have so far failed to reach a budget deal to avoid a government shutdown. President Obama said less than 30 hours are left to reach an agreement, though he added that an agreement is still expected during the day. EURUSD traded 1.4292-1.4405 and USDJPY traded 84.97-85.39. Continue reading →

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EUR/USD: ECB hikes interest rate, EUR trading higher in Asian session

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.4300, after the European Central Bank policy makers raised the benchmark interest rate to 1.25% from a record low 1%. European Central Bank (ECB) … Continue reading →

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GBP/USD: GBP trading higher in Asian session, BoE maintains its lending rate

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6316, after the Bank of England’s (BoE) Monetary Policy Committee left its key lending rate unchanged at a record-low 0.5% and made no changes … Continue reading →

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USD/JPY: Japan posts ¥1.641 trillion current account surplus, Greenback trading higher this morning

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.40% against the JPY and closed at 85.01. The current account surplus in Japan advanced to Â¥1.641 trillion in February, compared to a surplus of Â¥ 461.9 billion in January. Additionally, … Continue reading →

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USD/CHF: Greenback trading lower in Asian session, Investors awaiting Swiss unemployment data

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.22% against the CHF and closed at 0.9160. In the US, the total outstanding consumer credit increased by $7.62 billion in February, following a $4.45 billion increase in January. Richmond Fed … Continue reading →

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USD/CAD: Canadian dollar trading higher as crude oil price touched a 30-month high

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9591. CAD advanced as the country’s largest export, crude oil traded at a 30-month high, increasing demand for commodity-linked currencies. In economic news, the … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0454. In the US, initial jobless claims dropped to 382,000 in the week ended 2 April 2011, compared to the previous week’s revised figure … Continue reading →

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Gold: Yellow metal trading higher this morning

Posted on April 8, 2011 by GCI Financial

Gold prices traded lower by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1457.88 per ounce, after the European Central Bank hiked interest rates for the first time since 2008. In the Asian session at 3:00GMT, … Continue reading →

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Silver: Silver trading above its MA’s

Posted on April 8, 2011 by GCI Financial

Silver prices rose 0.10% to USD 39.54 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened and amid news that an earthquake hit Japan’s devastated northeast coast on Thursday. In the Asian session at 3:00GMT, silver is … Continue reading →

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Crude Oil: Oil moves northwards on IMF warning

Posted on April 8, 2011 by GCI Financial

Oil prices advanced 1.55% against the USD for the 24 hour period ending 23:00GMT, closing at 110.26, after the International Monetary Fund warned that demand is outpacing the growth of global supplies. Additionally, concerns over supply interruptions from the Middle … Continue reading →

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