Monthly Archives: April 2011

GBP/USD: Investors awaits the Bank of England interest rate decision

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6322. In the UK economic news, the industrial production unexpectedly fell 1.2% (M-o-M) in February, while the monthly manufacturing output remained flat in February. … Continue reading →

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USD/JPY: Greenback trading flat in Asian session

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.28% against the JPY and closed at 85.35. In Japan, the leading index advanced to 104.2 in February, while the coincident index climbed to 106.3 in February. Federal Reserve Bank of … Continue reading →

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USD/CHF: Swiss Franc strengthens after inflation surges, trading flat this morning

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.80% against the CHF and closed at 0.9180. The consumer price inflation in Switzerland advanced to 1.0% (Y-o-Y) in March, compared to a 0.5% rate in February. Moreover, the monthly consumer … Continue reading →

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USD/CAD: Loonie trading between its MA’s

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9600. In Canada, the Ivey purchasing managers index jumped to 73.2, the highest level in over three years, and compared to 70.8 in February. … Continue reading →

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AUD/USD: Australian dollar rallies to new high on jobs surge

Posted on April 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.12% against the USD to close at 1.0433. In Australia, investment lending was down 2.3% (M-o-M) in February, following the downwardly revised fall of 6.9% in January. In the morning news, … Continue reading →

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Gold: Yellow metal advances on inflation concerns, trading lower in Asian session

Posted on April 7, 2011 by GCI Financial

Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1459.90 per ounce, as a combination of a weaker dollar, geopolitical unrest and concerns over inflation, raised the demand for the precious metal. … Continue reading →

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Silver: Trading lower this morning

Posted on April 7, 2011 by GCI Financial

Silver prices rose 0.95% to USD 39.500 per ounce during the 24 hours ending 23:00GMT, as the greenback weakened. In the Asian session at 3:00GMT, silver is trading at USD 39.38 per ounce, 0.30% lower, from 23:00GMT. The first level … Continue reading →

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Crude Oil: Oil hits new peak despite US inventories hike, trading lower in Asian session

Posted on April 7, 2011 by GCI Financial

Oil prices advanced 0.69% against the USD for the 24 hour period ending 23:00GMT, closing at 108.58, after the North Atlantic Treaty Organization (NATO) escalated its air campaign over Libya, raising concern that the conflict would spread to other energy-exporting … Continue reading →

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Australian economic data continues to turn over

Posted on April 6, 2011 by GCI Financial

The FOMC minutes from the March 15 meeting confirmed what recent Fed speeches have suggested – a mild divergence of opinion is starting to emerge on the FOMC. Australian economic data continues to turn over, and home loan lending declined again in February. EURUSD traded 1.4208-1.4267, USDJPY 84.58-85.53. Continue reading →

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EUR/USD: Euro weighed down after Portugal rating cut, trading higher this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.03% against the USD and closed at 1.4221. In the Eurozone, the service sector business activity index in rose to 57.2 in March, the strongest since August 2007, while the headline … Continue reading →

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GBP/USD: Pound jumps on upbeat PMI service data

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 1.04% against the USD and closed at 1.6300, after a report showed service industries in the UK expanded at a faster pace in March. The Markit/Chartered Institute of Purchasing & Supply … Continue reading →

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