Monthly Archives: April 2011

USD/JPY: Yen falls as trade surplus narrowed in March

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.30% against the JPY and closed at 82.64. In Japan, today morning, merchandise trade balance narrowed to Â¥196.5 billion in March, following a surplus of Â¥653.3 billion. Additionally, tertiary industry index … Continue reading →

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USD/CHF: Swiss Franc trading higher in Asian session

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CHF and closed at 0.8994. In the Asian session, at 3:00GMT, the pair is trading at 0.8973, 0.23% lower from the New York session close. The pair has … Continue reading →

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USD/CAD: Canadian CPI ups chances of BOC hike, lifts Loonie

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.92% against the CAD to close at 0.9554, after higher-than-expected inflation figures sparked a rally in the Canadian dollar, reviving expectations that the Bank of Canada might resume raising rates again … Continue reading →

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AUD/USD: Aussie rises on risk appetite

Posted on April 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 1.0537, as investors risk appetite increased on the back of some encouraging economic reports. In Australia, the Westpac Leading Index rose 0.4% (M-o-M) in … Continue reading →

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Gold: Yellow metal continues its upward journey in Asian session

Posted on April 20, 2011 by GCI Financial

Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1,494.10 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,496.92 per ounce, 0.19% higher from 23:00GMT. The pair … Continue reading →

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Silver: Silver captures new peak on global cues

Posted on April 20, 2011 by GCI Financial

Silver prices rose 1.20% to USD 43.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 44.22 per ounce, 0.89% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil rebounds on weaker dollar

Posted on April 20, 2011 by GCI Financial

Oil prices advanced 0.72% against the USD for the 24 hour period ending 23:00GMT, closing at 108.15, as dollar weakened. In the US, the American Petroleum Institute reported that the crude oil inventories rose by 667,000 barrels last week to … Continue reading →

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S&P news hit EUR/USD

Posted on April 19, 2011 by GCI Financial

Risk sentiment began to stabilise towards the end of the Asia session as the market fully digested the news of S&P’s decision to lower the outlook on the US AAA rating to negative. EURUSD traded 1.4206-1.4247, USDJPY 82.32-82.71. Continue reading →

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EUR/USD: Euro slumps, as Euro zone debt crisis escalates

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.29% against the USD and closed at 1.4231, after the European debt crisis deteriorated, as Irish banks were downgraded to junk status, Greece was rumored to be struggling to pay back … Continue reading →

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GBP/USD: British Pound trading lower this morning

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.32% against the USD and closed at 1.6264. The Federal Reserve Bank of St. Louis President, James Bullard, stated that the US economic growth may not meet expectations for 1Q FY2011, … Continue reading →

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USD/JPY: Yen strengthens, amid concerns in the US and Europe, trading lower this morning

Posted on April 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.99% against the JPY and closed at 82.39, as investors flee from riskier-assets and seek the perceived safe-haven Yen, after the credit rating agency Standard & Poor’s downgraded its ratings outlook … Continue reading →

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