Daily Archives: April 21, 2011

Dollar continues to weaken

Posted on April 21, 2011 by GCI Financial

The dollar continued to weaken during the Asia session. Some positive US earnings reports were a factor in this, helping to keep risk appetite supported. However, given that USDJPY and USDCHF remained heavy too, a certain amount of general dollar negativity is also driving the price action. EURUSD traded 1.4486-1.4603, USDJPY 81.97-82.60. Continue reading →

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EUR/USD: Zooming higher; Approaching 1.46

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.22% against the USD and closed at 1.4509, as rise in stock prices and corporate earnings motivated investors to shift out of the safe-haven dollar. In Germany, the producer price index … Continue reading →

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GBP/USD: Cementing gains this morning

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.6391. In the UK, the minutes of the last BoE meeting indicated that the Bank of England`s Monetary Policy Committee maintained its 6-3 split … Continue reading →

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USD/JPY: Trending lower

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.18% against the JPY and closed at 82.49. In the Asian session at 3:00GMT, the pair is trading lower from the New York close, by 0.22%, at 82.31. The first short … Continue reading →

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USD/CHF: Trading below its MA’s

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.15% against the CHF and closed at 0.8891. In the US, the existing home sales, on annual basis, increased by 3.7% to an annual rate of 5.10 million in March, compared … Continue reading →

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USD/CAD: CAD higher amid better risk appetite

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 0.9530. In the US, mortgage applications increased by 5.3% for the week ended on April 15 compared to a 6.7% drop in the previous … Continue reading →

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AUD/USD: Gains boosted by higher metal prices

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.37% against the USD to close at 1.0681. In Australia, the producer price index rose 1.2% (Q-o-Q) for the three months ended on March. LME Copper prices rose 1.9% or $171.8/MT … Continue reading →

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Gold: Setting new record highs

Posted on April 21, 2011 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,501.22 per ounce, on weakened dollar and concerns about debt and faster inflation, which encouraged investors for alternative investments. In the Asian session … Continue reading →

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Silver: Continues to shine

Posted on April 21, 2011 by GCI Financial

Silver prices rose 2.93% to USD 45.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 45.76 per ounce, 1.42% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Lower inventories boost prices

Posted on April 21, 2011 by GCI Financial
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