Monthly Archives: April 2011

USD/JPY: Yen weakens against greenback after Bernanke comments

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.19% against the JPY and closed at 85.11, after minutes from the Federal Reserve’s March 15 meeting showed that some policy makers stated that signs of a stronger recovery may warrant … Continue reading →

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USD/CHF: Trading flat this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CHF and closed at 0.9254. In the US, Minneapolis Federal Reserve Bank President, Narayana Kocherlakota stated that the Federal Reserve is committed keeping inflation under control as part … Continue reading →

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USD/CAD: Canadian dollar continues to trade higher

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD to close at 0.9634. The Canadian dollar recorded gains against greenback, as investors continued to seek out the currency despite lower crude oil prices, as Libyan rebels … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD to close at 1.0317. On Tuesday, the Reserve Bank of Australia kept its key rate on hold at 4.75%, as widely expected. In economic news, the total … Continue reading →

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Gold: Gold hits record high in intraday New York session, trading marginally lower this morning

Posted on April 6, 2011 by GCI Financial

Gold prices traded higher by 1.31% against the USD in the 24 hour period ending 23:00GMT, at 1454.15 per ounce, as concerns over potential US government shutdown and a credit rating downgrade of Portugal, increased the demand of gold as … Continue reading →

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Silver: White metal continue to surge higher

Posted on April 6, 2011 by GCI Financial

Silver prices rose 1.08% to USD 39.13 per ounce during the 24 hours ending 23:00GMT, as investors sought out more stable assets while being more cautious over Europe’s debt crisis and unrest in the Middle East and North Africa. In … Continue reading →

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Crude Oil: Oil trading higher in Asian session, Investors monitor unrest, demonstrations in Middle East, North Africa

Posted on April 6, 2011 by GCI Financial

Oil prices weakened 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 107.84, pressured by an interest rate hike in China though concerns over Middle East and Libya and potential supply disruptions limited losses. The American … Continue reading →

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RBA kept policy unchanged

Posted on April 5, 2011 by GCI Financial

The US dollar strengthened after Fed Chairman Bernanke said that further commodity price rises could boost US inflation, and that the Fed would have to respond if higher inflation was sustained. Nevertheless, he felt any inflation spikes are likely to be “transitory”, which diluted the apparent hawkishness of his remarks. The RBA kept policy unchanged, as expected. EURUSD traded 1.4186-1.4233, USDJPY 83.93-84.49. Continue reading →

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EUR/USD: Trading lower in Asian session

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.4225. In the Eurozone, the sentix investor sentiment index dropped to 14.22 in April, following 17.07 in March. Meanwhile, the producer price inflation in … Continue reading →

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GBP/USD: Pair trading between its MA’s

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.09% against the USD and closed at 1.6132. In the UK, the seasonally adjusted construction Purchasing Managers’ Index declined to 56.4 in March, following 56.5 in the previous month. According to … Continue reading →

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USD/JPY: Greenback bucks previous session losses, trading higher this morning

Posted on April 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.12% against the JPY and closed at 84.11. Chicago Federal Reserve Bank President, Charles Evans stated that the Fed’s decision to purchase $600 billion in large scale assets is the “right … Continue reading →

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