Daily Archives: April 28, 2011

BoJ policies unchanged

Posted on April 28, 2011 by GCI Financial

The dollar remained on the defensive throughout the Asia session as risk appetite continued to improve in the wake of the latest FOMC policy statement. EURUSD traded 1.4683-1.4882, USDJPY 81.62-82.50. Continue reading →

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EUR/USD: Dollar continues its downfall after Fed decision

Posted on April 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.65% against the USD and closed at 1.4779, as the Federal Reserve left its interest rates unchanged at near-zero levels. In the Euro Zone, the industrial new orders, on monthly basis, … Continue reading →

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GBP/USD: Greenback extends losses after Fed renews low-rate pledge

Posted on April 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.72% against the USD and closed at 1.6625. The greenback came under pressure, after the Federal Reserve renewed its commitment to low rates and asset purchases. In the UK, the gross … Continue reading →

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USD/JPY: Yen trading higher this morning

Posted on April 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.95% against the JPY and closed at 82.23. In Japan, today morning, the industrial production, on monthly basis, dropped by 15.3% in March compared to an expansion of 1.8% in the … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on April 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.8752. In the US, The Federal Reserve kept the target range for the Federal funds rate in the range of 0.0% to 0.25% and … Continue reading →

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USD/CAD: Loonie spikes in Asian session

Posted on April 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9505. In the US, the durable goods orders increased by 2.5% in March following a revised 0.7% rise in the previous month. Additionally, the … Continue reading →

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AUD/USD: Aussie trading higher in Asian session

Posted on April 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0859. LME Copper prices declined 1.1% or $107.3/MT to $9,348.3/ MT. Aluminium prices advanced 0.7% or $19.0/MT to $2,739.5/ MT. In the Asian session … Continue reading →

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Gold: Gold hits record after Fed says low rates to stay, trading lower this morning

Posted on April 28, 2011 by GCI Financial

Gold prices traded higher by 1.37% against the USD in the 24 hour period ending 23:00GMT, at 1,528.50 per ounce, as the Federal Reserve’s decision to continue to keep its key interest rate at an historic low range fueled concerns … Continue reading →

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Silver: White metal soars on Fed comments

Posted on April 28, 2011 by GCI Financial

Silver prices rose 5.96 % to USD 48.38 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 48.42 per ounce, 0.08% higher, from 23:00GMT. The first level of short term … Continue reading →

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Crude Oil: Oil climbs, after Fed holds ultra-low rates

Posted on April 28, 2011 by GCI Financial

Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 113.48, after the US Federal Reserve signaled no change in its monetary policy. In the US, the Energy Information Administration reported that the crude … Continue reading →

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