Daily Archives: April 2, 2012

Trading signals for Monday 02-04-2012

Posted on April 2, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 02-04-2012 11:00 GMT Continue reading →

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China’s PMI boosts AUD

Posted on April 2, 2012 by GCI Financial

China’s official manufacturing PMI released over the weekend came in at 53.1 (cons. 50.8), substantially beating consensus opinion. The Australian dollar was the main beneficiary and climbed over 100 pips at the Asia open, although the rally eventually lost some steam after a very weak Australian building approvals report. Continue reading →

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AUD/USD: Aussie trading higher after China PMI at an 11-month high

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.57% against the USD to close at 1.0437. In the Asian session, at GMT0300, the pair is trading at 1.0399, with the AUD trading 0.39% higher from Friday’s close, … Continue reading →

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USD/CAD: Loonie firms on higher risk appetite

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.13% against the CAD to close at 0.9953. The Canadian Dollar rose after upbeat US economic data and speculation that the Euro-zone debt crisis may be easing lifted demand for higher-risk … Continue reading →

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USD/CHF: Swiss Franc rose after KOF economic barometer improves in March

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.57% against the CHF and closed at 0.9011. Swiss Franc advanced after Switzerland’s KOF economic indicator advanced in March, indicating that the economy is regaining some strength. In Switzerland, … Continue reading →

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USD/JPY: Yen drifting lower after Bank of Japan’s Tankan report‎

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.55% against the JPY and closed at 82.86. Data released in Japan showed that the Markit/JMMA manufacturing Purchasing Managers’ Index (PMI) climbed to a reading of 51.1 in March, … Continue reading →

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GBP/USD: Pound trading lower ahead of UK manufacturing PMI data

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.41% against the USD and closed at 1.6021, after Euro-zone Finance Ministers boosted the region’s debt firewall, boosting risk appetite. Meanwhile, a study by the Organisation of Economic Cooperation … Continue reading →

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EUR/USD: Euro higher on Spain budget plan, Euro-zone firewall; trading lower this morning

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.46% against the USD and closed at 1.3363, as risk appetite increased after Spain revealed a budget plan to save more than €27 billion ($35.96 billion) in 2012 through … Continue reading →

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Crude Oil: Oil higher on supply concerns, positive China PMI data

Posted on April 2, 2012 by GCI Financial

On Friday, Oil prices advanced 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 103.49, as ongoing tensions in the Middle East added to concerns over supply disruption from the key oil-producing region. The President Barack … Continue reading →

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Silver: White metal continues to shine in the Asian session

Posted on April 2, 2012 by GCI Financial

On Friday, Silver prices rose 1.01% to USD32.55 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.39, 0.28% higher from Friday’s close. Silver is expected to find support at 32.15, … Continue reading →

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Gold: Gold rose as the dollar weakened, trading lower this morning

Posted on April 2, 2012 by GCI Financial

On Friday Gold prices traded higher by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1673.60 per ounce, as the dollar weakened after European policymakers opted to lift a lending ceiling on bailout funds, and amid … Continue reading →

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