Monthly Archives: April 2011

GBP/USD: Pound trading lower in Asian session, Investors awaits GDP figures

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6506. The Bank of England monetary policy committee member, Andrew Sentance, criticized the monetary policy committee over its failure to tackle inflation, thus stating … Continue reading →

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USD/JPY: S&P downgrade leads Yen to bow to the Greenback today morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.31% against the JPY and closed at 81.46. In Japan, today morning, the retail sales, on year-on-year basis, plunged 8.5% in March, compared to 0.1% rise posted in the previous month. … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.21% against the CHF and closed at 0.8703. In Switzerland, trade surplus increased to CHF5.45 billion in the first quarter of 2011, compared to the trade surplus of CHF5.29 billion recorded … Continue reading →

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USD/CAD: Loonie continues to trade higher this morning

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CAD to close at 0.9506, as oil prices continued to move northwards. In the US, The Federal Reserve Bank of Richmond stated that its manufacturing index dropped to … Continue reading →

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AUD/USD: Aussie climbs to record after CPI report

Posted on April 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.64% against the USD to close at 1.0794. The Australian Bureau of Statistics reported that the consumer price index rose by 1.6% in first quarter of 2011. LME Copper prices declined … Continue reading →

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Gold: Gold prices trading flat in Asian session

Posted on April 27, 2011 by GCI Financial

Gold prices traded higher by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1,507.91 per ounce, amid weak dollar. In the Asian session at 3:00GMT, gold is trading at USD 1,507.43 per ounce, 0.03% lower from … Continue reading →

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Silver: White metal trading higher today morning

Posted on April 27, 2011 by GCI Financial

Silver prices declined 1.19% to USD 45.66 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 45.81 per ounce, 0.33% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude Oil backpedals in Asian session

Posted on April 27, 2011 by GCI Financial

Oil prices advanced 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 112.16, as greenback weakened. The American Petroleum Institute reported that the crude oil inventories rose by 4.9 million barrels for the week ended April … Continue reading →

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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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