Daily Archives: April 11, 2011

The Dollar fails to bounce

Posted on April 11, 2011 by GCI Financial

The dollar failed to claw back ground lost on Friday, even though US politicians averted a “shutdown” of the Federal government by reaching an eleventh-hour compromise deal on spending plans. EURUSD traded 1.4441-1.4484, USDJPY 84.63-85.16. Continue reading →

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EUR/USD: Trading lower this morning

Posted on April 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.28% against the USD, on Friday and closed at 1.4483, as investors ignored the greenback on the fears of the US government shutdown. The European Union (EU) minister agreed to prepare … Continue reading →

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GBP/USD: Pair showing convergence with its MA’s

Posted on April 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD, on Friday and closed at 1.6378. In the UK, on an annual basis, the output price inflation rose to 5.4% in March, the fastest pace since October … Continue reading →

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USD/JPY: Greenback trading flat this morning

Posted on April 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY, on Friday and closed at 84.82. The Bank of Japan (BoJ) informed in its monthly report that the Japanese economy is likely to remain under strong downward … Continue reading →

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USD/CHF: Swiss Franc trading lower in Asian session

Posted on April 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.05% against the CHF, on Friday and closed at 0.9064. In Switzerland, the seasonally adjusted unemployment rate dropped to 3.3% in March compared to a reading 3.4% in February. In the … Continue reading →

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USD/CAD: Canadian dollar strengthens to a 40-month high as crude oil prices surges, trading flat this morning

Posted on April 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD, on Friday to close at 0.9552. In Canada, the unemployment rate declined by 0.1% (M-o-M) to 7.7% in March. The Canadian economy lost 1,500 jobs in March, … Continue reading →

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AUD/USD: Aussie climbs to fresh high against Greenback

Posted on April 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.02% against the USD, on Friday to close at 1.0561. The Federal Reserve Bank of Dallas President, Richard Fisher informed that the US Federal Reserve faces a “significant” risk of providing … Continue reading →

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Gold: Economic, political worry fuel gold rally, trading flat this morning

Posted on April 11, 2011 by GCI Financial

Gold prices traded higher by 1.11% against the USD, on Friday in the 24 hour period ending 23:00GMT, at 1,474.10 per ounce, amid tensions over the US fiscal policy, continued euro-zone debt jitters and soaring inflation. Fretting about the divisions … Continue reading →

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Silver: White metal tops $41 per ounce on inflation concerns

Posted on April 11, 2011 by GCI Financial

Silver prices rose 3.44% to USD 40.90 per ounce, on Friday during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.46 per ounce, 1.37% higher, from 23:00GMT. The first level of short … Continue reading →

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Crude Oil: Oil price hits a record high following attack on Libyan oil fields, trading lower in Asian session

Posted on April 11, 2011 by GCI Financial

Oil prices advanced 2.53% against the USD, on Friday for the 24 hour period ending 23:00GMT, closing at 113.11, as investors worried about the Middle East protests and an oilfield fire in Libya. At GMT 0300, Oil is trading at … Continue reading →

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