Daily Archives: April 18, 2011

Finland’s election hits Euroland

Posted on April 18, 2011 by GCI Financial

The euro weakened after the euro-sceptic True Finns party won third place in Finland’s weekend election, raising doubts about whether a financial rescue of Portugal can go ahead as planned. EURUSD traded 1.4350-1.4450, and USDJPY 82.86-83.27 Continue reading →

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EUR/USD: Euro under pressure on worries over debt problem

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD, on Friday and closed at 1.4417, amid concern the European sovereign debt crisis is worsening and as policy makers stepped up efforts to cool inflation globally. The … Continue reading →

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GBP/USD: Pair trading just below its MA’s

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD, on Friday and closed at 1.6316. In the UK, house prices rose by 1.7% (M-o-M) in April from 0.8% rise in the previous month. In the US, … Continue reading →

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USD/JPY: The Japanese yen extended its gain in the Asian session

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.50% against the JPY, on Friday and closed at 83.21. In Japan, on Friday, on monthly basis, industrial production showed upwardly revised growth by 1.8% in February. Capacity utilization rose by … Continue reading →

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USD/CHF: Greenback trading higher this morning

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.04% against the CHF, on Friday and closed at 0.8922. In the Asian session, at 3:00GMT, the pair is trading at 0.8937, 0.17% higher from the New York session close. The … Continue reading →

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USD/CAD: Canadian dollar trading lower this morning

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD, on Friday to close at 0.9598. The Federal Reserve Bank of New York revealed that its general business conditions index rose to a reading of 21.7 in … Continue reading →

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AUD/USD: Aussie trading flat this morning

Posted on April 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD, on Friday to close at 1.0560. In the Asian session at 3:00GMT, the pair is trading at 1.0558, 0.02% lower from the New York session close. LME … Continue reading →

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Gold: Gold climbs on concern global inflation accelerating

Posted on April 18, 2011 by GCI Financial

Gold prices traded higher by 0.52% against the USD, on Friday in the 24 hour period ending 23:00GMT, at 1,484.50 per ounce, as mounting inflation around the globe and Europe’s sovereign-debt crisis prompted investors to buy the precious metals. In … Continue reading →

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Silver: Continues to traded higher in Asian session

Posted on April 18, 2011 by GCI Financial

Silver prices rose 1.89% to USD 43.06 per ounce, on Friday during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 43.27 per ounce, 0.49% higher, from 23:00GMT. The first level of short … Continue reading →

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Crude Oil: Trading flat this morning, even as Saudis cut output

Posted on April 18, 2011 by GCI Financial

Oil prices advanced 0.60% against the USD, on Friday for the 24 hour period ending 23:00GMT, closing at 109.19, after gaining support from the US macroeconomic data. On Sunday, Saudi Arabia’s oil minister reportedly stated that the nation cut its … Continue reading →

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