Daily Archives: April 19, 2011

S&P news hit EUR/USD

Posted on April 19, 2011 by GCI Financial

Risk sentiment began to stabilise towards the end of the Asia session as the market fully digested the news of S&P’s decision to lower the outlook on the US AAA rating to negative. EURUSD traded 1.4206-1.4247, USDJPY 82.32-82.71. Continue reading →

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EUR/USD: Euro slumps, as Euro zone debt crisis escalates

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.29% against the USD and closed at 1.4231, after the European debt crisis deteriorated, as Irish banks were downgraded to junk status, Greece was rumored to be struggling to pay back … Continue reading →

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GBP/USD: British Pound trading lower this morning

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.32% against the USD and closed at 1.6264. The Federal Reserve Bank of St. Louis President, James Bullard, stated that the US economic growth may not meet expectations for 1Q FY2011, … Continue reading →

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USD/JPY: Yen strengthens, amid concerns in the US and Europe, trading lower this morning

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.99% against the JPY and closed at 82.39, as investors flee from riskier-assets and seek the perceived safe-haven Yen, after the credit rating agency Standard & Poor’s downgraded its ratings outlook … Continue reading →

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USD/CHF: Swiss Franc declines on Finland’s bailout threat

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CHF and closed at 0.8952, on concern election gains for Finland’s euro-skeptic bloc would prevent efforts by the region’s leaders to assist debt-laden nations. In the Asian session, … Continue reading →

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USD/CAD: Loonie remains lower in Asian session

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CAD to close at 0.9643. The Canadian dollar softened against the greenback yesterday in a flight to safety as a squall of uncertainty, including Standard & Poor’s long-term … Continue reading →

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AUD/USD: RBA minutes suggests more cautious policies, Australian Dollar weakens

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.71% against the USD to close at 1.0485. In Australia, minutes of the April meeting of the Reserve Bank of Australia’s monetary policy committee showed that members considered 4.75% key cash … Continue reading →

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Gold: Yellow metal shines after S&P move, trading lower this morning

Posted on April 19, 2011 by GCI Financial

Gold prices traded higher by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1,495.40 per ounce, after Standard & Poor’s revised its outlook for US debt to ‘Negative’ from ‘Stable’. In the Asian session at 3:00GMT, … Continue reading →

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Silver: Trading lower this morning

Posted on April 19, 2011 by GCI Financial

Silver prices rose 0.58% to USD 43.31 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 42.91 per ounce, 0.92% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude down on US credit outlook, Saudi move

Posted on April 19, 2011 by GCI Financial

Oil prices declined 1.66% against the USD for the 24 hour period ending 23:00GMT, closing at 107.38, amid a broad selloff, as Standard & Poor’s revised its long-term credit outlook for the United States to ‘Negative’ and Saudi Arabia trimmed … Continue reading →

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