Daily Archives: April 20, 2011

Japan’s exports down

Posted on April 20, 2011 by GCI Financial

Risk appetite steadily improved during the Asia session, as investors brushed aside S&P’s recent decision to lower the outlook on the US rating. Asian and US equities pushed higher, helped along by some solid US earnings reports. The dollar lost ground to all its G10 peers, except the yen. Japanese exports for March fell on an annualised basis for the first time in 16 months, largely a consequence of the recent earthquake and tsunami. Gold finally traded through $1500/oz. EURUSD traded 1.4314-1.4414, USDJPY 82.39-83.10. Continue reading →

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EUR/USD: Euro bounces back after upbeat PMI data

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.4334, after a key economic report out of the euro zone showed surprising growth in the region. In the Euro zone, the manufacturing purchasing … Continue reading →

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GBP/USD: Pound trading marginally higher this morning

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6325. In the US, the seasonally adjusted housing starts increased by 7.2% to an annual rate of 549,000 in March, following an upwardly revised … Continue reading →

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USD/JPY: Yen falls as trade surplus narrowed in March

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.30% against the JPY and closed at 82.64. In Japan, today morning, merchandise trade balance narrowed to Â¥196.5 billion in March, following a surplus of Â¥653.3 billion. Additionally, tertiary industry index … Continue reading →

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USD/CHF: Swiss Franc trading higher in Asian session

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CHF and closed at 0.8994. In the Asian session, at 3:00GMT, the pair is trading at 0.8973, 0.23% lower from the New York session close. The pair has … Continue reading →

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USD/CAD: Canadian CPI ups chances of BOC hike, lifts Loonie

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.92% against the CAD to close at 0.9554, after higher-than-expected inflation figures sparked a rally in the Canadian dollar, reviving expectations that the Bank of Canada might resume raising rates again … Continue reading →

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AUD/USD: Aussie rises on risk appetite

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 1.0537, as investors risk appetite increased on the back of some encouraging economic reports. In Australia, the Westpac Leading Index rose 0.4% (M-o-M) in … Continue reading →

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Gold: Yellow metal continues its upward journey in Asian session

Posted on April 20, 2011 by GCI Financial

Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1,494.10 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,496.92 per ounce, 0.19% higher from 23:00GMT. The pair … Continue reading →

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Silver: Silver captures new peak on global cues

Posted on April 20, 2011 by GCI Financial

Silver prices rose 1.20% to USD 43.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 44.22 per ounce, 0.89% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil rebounds on weaker dollar

Posted on April 20, 2011 by GCI Financial

Oil prices advanced 0.72% against the USD for the 24 hour period ending 23:00GMT, closing at 108.15, as dollar weakened. In the US, the American Petroleum Institute reported that the crude oil inventories rose by 667,000 barrels last week to … Continue reading →

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