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Daily Archives: April 12, 2011
Japanese nuclear disaster on a par with Chernobyl
Risk appetite was scaled back during the Asia session after another Japanese earthquake and news that Japanese officials had upgraded the severity of the nuclear disaster to a “7″ – this is the highest possible level on the scale and puts the tragedy in Fukushima on a par with Chernobyl. The yen and the Swiss franc were bought on safe-haven demand, and AUDJPY in particular fell sharply. EURUSD traded 1.4377-1.4446, USDJPY 83.47-84.79. Continue reading
Posted in Market Snapshot
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EUR/USD: Euro pauses after recent surge versus Greenback
For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.4430., as investors continued to assess the mixed signals being sent by the European Central Bank (ECB) and Federal Reserve. Euro gained last week, … Continue reading
Posted in EUR/USD
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GBP/USD: GBP trading lower this morning
For the 24 hours to 23:00 GMT, GBP fell 0.17% against the USD and closed at 1.6340. In the UK, retail sales values declined by 3.5% (M-o-M) in March on a like-for-like basis after a decline of 0.4% in the … Continue reading
Posted in GBP/USD
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USD/JPY: Pair trading well below its MA’s
For the 24 hours to 23:00 GMT, USD weakened 0.61% against the JPY and closed at 84.53. In Japan, the Bank of Japan released the minutes from its March 14 policy meeting, showing concerns about the financial systems in the … Continue reading
Posted in USD/JPY
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USD/CHF: Swiss Franc trading higher this morning
For the 24 hours to 23:00 GMT, USD declined 0.21% against the CHF and closed at 0.9070. In the US, the New York Federal Reserve Bank President William Dudley stated that the US central bank should not be too enthusiastic … Continue reading
Posted in USD/CHF
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USD/CAD: Greenback trading higher in Asian session, Investors focused on BoC interest rate decision
For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9560. The International Monetary Fund (IMF), in its April 2011 World Economic Outlook report stated that the global economic recovery is gaining strength, but … Continue reading
Posted in USD/CAD
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AUD/USD: Australian Dollar falls on weak business sentiment data
For the 24 hours to 23:00 GMT, AUD weakened 0.73% against the USD to close at 1.0490. In Australia, National Australia Bank’s Business Confidence declined by 5 points in March to reach 9 points from 14 points in the previous … Continue reading
Posted in AUD/USD
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Gold: Gold prices took a breather, trading lower in Asian session
Gold prices traded lower by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1,462.77 per ounce, as investors booked profit, following its rally to a record and after the African Union stated that Libyan leader Muammar … Continue reading
Posted in Gold
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Silver: Silver backpedals after a string of record highs last week and as the dollar gained strength
Silver prices declined 1.68% to USD 40.30 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.10 per ounce, 0.50% lower, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Crude Oil: Crude eases as AU seeks to broker Libya ceasefire
Oil prices declined 3.67% against the USD for the 24 hour period ending 23:00GMT, closing at 108.99, an African Union delegation arrived in Libya to broker a ceasefire between Muammar Gaddafi and rebel forces, increasing the chances that Libyan crude … Continue reading
Posted in Crude Oil
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