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Daily Archives: April 14, 2011
Slowdown in China
The dollar initially strengthened against the EUR and the AUD after the Monetary Authority of Singapore tightened policy by less than expected. However, the dollar’s gains were quickly erased at the end of the Asia session when local media sources unofficially released a batch of China data ahead of time. CPI was slightly stronger than expected which raises the risk of further policy tightening. However, new loan growth and retail sales were strong, suggesting little sign of a slowdown in China and helping to boost global risk appetite. Continue reading
Posted in Market Snapshot
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EUR/USD: Dollar steadies in Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.4444. In the EU, on monthly basis, the industrial production rose by 0.4% in February from 0.2% rise in the previous month. The annual … Continue reading
Posted in EUR/USD
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GBP/USD: GBP edges higher; consumer confidence rises, jobless rate declines
For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6270. In the UK, the number of people claiming jobseeker’s allowance unexpectedly rose by 700 in March. The jobless rate unexpectedly declined to 7.8% … Continue reading
Posted in GBP/USD
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USD/JPY: Greenback trading lower this morning, Economic growth moderate but widespread: Fed’s Beige Book
For the 24 hours to 23:00 GMT, USD strengthened 0.26% against the JPY and closed at 83.77. The greenback paced gains, after a report showed that retail sales in the US improved more than expected in March. In the US, … Continue reading
Posted in USD/JPY
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USD/CHF: Pair trading flat in Asian session, Swiss producer and import price index rises in March
For the 24 hours to 23:00 GMT, USD declined 0.04% against the CHF and closed at 0.8957. In Switzerland, producer & import prices, on yearly basis, advanced by 0.4% in March from a 0.5% increase in February. In the US, … Continue reading
Posted in USD/CHF
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USD/CAD: Loonie trading flat, as Bank of Canada keeps rates unchanged
For the 24 hours to 23:00 GMT, USD rose 0.03% against the CAD to close at 0.9628. The Bank of Canada, in its monetary policy report upgrades Canada’s growth forecast in 2011 to 2.9% from previous 2.4%, also revises GDP … Continue reading
Posted in USD/CAD
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AUD/USD: Pair showing convergence with its MA’s
For the 24 hours to 23:00 GMT, AUD strengthened 0.43% against the USD to close at 1.0493. In Australia, consumer inflation expectation decreased marginally to 3.5% in April 2011 following an increase of 3.6% in March. Additionally, on monthly basis, … Continue reading
Posted in AUD/USD
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Gold: Yellow metal continue to rise in Asian session
Gold prices traded higher by 0.27% against the USD in the 24 hour period ending 23:00GMT, at 1,456.28 per ounce, as decline in prices over the past two trading sessions lured buyers. In the Asian session at 3:00GMT, gold is … Continue reading
Posted in Gold
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Silver: Silver rebounds from sell-off
Silver prices rose 1.15% to USD 40.54 per ounce during the 24 hours ending 23:00GMT, regaining some momentum on strong physical buying, as investors took advantage of recent selloffs. In the Asian session at 3:00GMT, silver is trading at USD … Continue reading
Posted in Silver
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Crude Oil: Crude oil advances as US gasoline inventories drop the most in 12 years
Oil prices advanced 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 107.34, as investors focused on upbeat US economic data and a sharp drop in gasoline inventories. The Energy Information Administration reported that US supplies … Continue reading
Posted in Crude Oil
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