Monthly Archives: April 2011

GBP/USD: Cementing gains this morning

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.6391. In the UK, the minutes of the last BoE meeting indicated that the Bank of England`s Monetary Policy Committee maintained its 6-3 split … Continue reading →

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USD/JPY: Trending lower

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.18% against the JPY and closed at 82.49. In the Asian session at 3:00GMT, the pair is trading lower from the New York close, by 0.22%, at 82.31. The first short … Continue reading →

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USD/CHF: Trading below its MA’s

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.15% against the CHF and closed at 0.8891. In the US, the existing home sales, on annual basis, increased by 3.7% to an annual rate of 5.10 million in March, compared … Continue reading →

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USD/CAD: CAD higher amid better risk appetite

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 0.9530. In the US, mortgage applications increased by 5.3% for the week ended on April 15 compared to a 6.7% drop in the previous … Continue reading →

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AUD/USD: Gains boosted by higher metal prices

Posted on April 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.37% against the USD to close at 1.0681. In Australia, the producer price index rose 1.2% (Q-o-Q) for the three months ended on March. LME Copper prices rose 1.9% or $171.8/MT … Continue reading →

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Gold: Setting new record highs

Posted on April 21, 2011 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,501.22 per ounce, on weakened dollar and concerns about debt and faster inflation, which encouraged investors for alternative investments. In the Asian session … Continue reading →

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Silver: Continues to shine

Posted on April 21, 2011 by GCI Financial

Silver prices rose 2.93% to USD 45.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 45.76 per ounce, 1.42% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Lower inventories boost prices

Posted on April 21, 2011 by GCI Financial
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Japan’s exports down

Posted on April 20, 2011 by GCI Financial

Risk appetite steadily improved during the Asia session, as investors brushed aside S&P’s recent decision to lower the outlook on the US rating. Asian and US equities pushed higher, helped along by some solid US earnings reports. The dollar lost ground to all its G10 peers, except the yen. Japanese exports for March fell on an annualised basis for the first time in 16 months, largely a consequence of the recent earthquake and tsunami. Gold finally traded through $1500/oz. EURUSD traded 1.4314-1.4414, USDJPY 82.39-83.10. Continue reading →

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EUR/USD: Euro bounces back after upbeat PMI data

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.4334, after a key economic report out of the euro zone showed surprising growth in the region. In the Euro zone, the manufacturing purchasing … Continue reading →

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GBP/USD: Pound trading marginally higher this morning

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6325. In the US, the seasonally adjusted housing starts increased by 7.2% to an annual rate of 549,000 in March, following an upwardly revised … Continue reading →

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