Daily Archives: April 26, 2011

Dollar got slight boost

Posted on April 26, 2011 by GCI Financial

The dollar got a boost when a major futures exchange raised silver margin requirements, prompting a wave of profit taking in gold and silver, which soon spread to FX markets, though ECB President Trichet also exerted an influence when he said a strong dollar is in the interests of the US. EURUSD traded 1.4494-1.4588, USDJPY 81.57-81.98. Continue reading →

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EUR/USD: Euro slips after Trichet’s comments

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.4580. The European Central Bank President, Jean-Claude Trichet, stated that the policy makers must avert any jump in inflation expectations amid the risk of … Continue reading →

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GBP/USD: British Pound continues to trade lower this morning

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6505. In the UK, retail sales, on a monthly basis, unexpectedly increased 0.2% in March, compared to a 0.9% decline recorded in the previous … Continue reading →

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USD/JPY: Greenback trading flat this morning

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.34% against the JPY and closed at 81.71. In Japan, on an annual basis, the index measuring the prices for corporate services dropped 1.2% in March, following the downwardly revised 1.1% … Continue reading →

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USD/CHF: Greenback spikes ahead of Fed meeting

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.52% against the CHF and closed at 0.8810. In the US, the Federal Reserve Bank of Dallas stated that its general business activity index fell to a reading of 10.5 in … Continue reading →

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USD/CAD: Loonie trading flat in Asian market

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.02% against the CAD to close at 0.9536. In the US, the new home sales rose by 11.1% to an annual rate of 300,000 in March from the revised rate of … Continue reading →

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AUD/USD: Aussie continue to fall in Asian session

Posted on April 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD to close at 1.0725. In the Asian session at 3:00GMT, the pair is trading at 1.0688, 0.34% lower from the New York session close. LME Copper prices … Continue reading →

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Gold: Yellow metal trading below $1500

Posted on April 26, 2011 by GCI Financial

Gold traded lower by 0.45% against the USD in the 24 hour period ending 23:00GMT, at 1,505.15 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,497.08 per ounce, 0.54% lower from 23:00GMT. The pair is … Continue reading →

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Silver: Silver trading below its short term MA’s

Posted on April 26, 2011 by GCI Financial

Silver prices declined 2.98% to USD 46.21 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 45.33 per ounce, 1.90% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil falls on signs of sufficient supplies

Posted on April 26, 2011 by GCI Financial

Oil prices declined 0.71% against the USD for the 24 hour period ending 23:00GMT, closing at 111.87, as speculation that global supplies are sufficient, prompted investors to book profit. Investors await weekly crude oil inventory data to be released by … Continue reading →

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