Daily Archives: April 3, 2012

Trading signals for Tuesday 03-04-2012

Posted on April 3, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 03-04-2012 11:00 GMT Continue reading →

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RBA: Cash Rate unchanged

Posted on April 3, 2012 by GCI Financial

The RBA held the cash rate at 4.25%, in line with expectations. The rates market had 8bp of easing priced in, and AUDUSD jumped 20 pips immediately. The more dovish policy statement quickly put an end to the rally and the pair soon dropped 40 pips below its pre-announcement level. Growth was deemed to be “somewhat below trend” and “somewhat lower than earlier estimated”. This represents a significant shift from the “close to trend” language used previously. Continue reading →

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Silver: White metal continues to march northwards

Posted on April 3, 2012 by GCI Financial

  Silver prices rose 1.38% to USD33.00 per ounce during the 24 hours ending 23:00GMT, taking cues from rise in gold prices coupled with weakness in the US Dollar. In the Asian session, at GMT0300, Silver is trading at 33.03, … Continue reading →

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EUR/USD: Euro fell on weak economic data, trading higher ahead of Euro-zone GDP & PPI report

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.27% against the USD and closed at 1.3328, after the release of disappointing Euro-zone manufacturing and jobs data. On the economic front, the unemployment rate in the Euro-zone rose to 10.8% … Continue reading →

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GBP/USD: Sterling up as UK manufacturing PMI rises to a 10-month high

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.04% against the USD and closed at 1.6027, after the manufacturing Purchasing Managers Index (PMI) in the UK rose to a 10-month high in March. On a seasonally adjusted basis, the … Continue reading →

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AUD/USD: Aussie trading higher ahead of RBA interest rate decision

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0423. LME Copper prices declined $0.3/MT to $8479.5/ MT. Aluminium prices declined 0.8% or $17.0/MT to $2081.3/ MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie climbs on positive US manufacturing data

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.50% against the CAD to close at 0.9904. The Canadian Dollar advanced against USD, on an improved outlook for the country’s exports after a report showed US manufacturing expanded at a … Continue reading →

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USD/CHF: Greenback drifting lower against Swiss Franc in the Asian session

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9034. On the other hand, Swiss Franc came under pressure after retail turnover growth in Switzerland slowed to 0.8% (YoY) in February, from 4.7% … Continue reading →

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USD/JPY: Japan monetary base eases for the first time since August 2008; Pair trading lower this morning

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.84% against the JPY and closed at 82.17. In the Asian session, at GMT0300, the pair is trading at 81.90, with the USD trading 0.32% lower from yesterday’s close. This morning, … Continue reading →

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Crude Oil: Encouraging US manufacturing data boosts oil prices; awaits inventory reports

Posted on April 3, 2012 by GCI Financial

Oil prices advanced 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 104.91, on upbeat manufacturing data from the US, the world’s largest oil consumers. In the Asian session, at GMT0300, Crude Oil is trading at … Continue reading →

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Gold: Gold higher on demand prospects

Posted on April 3, 2012 by GCI Financial

Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1677.75 per ounce, as firmer US manufacturing data as well as strong China official purchasing managers index number helped lift gold prices. Meanwhile, … Continue reading →

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