Daily Archives: April 4, 2012

Trading signals for Wednesday 04-04-2012

Posted on April 4, 2012 by GCI Financial

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

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Australia: 2nd consecutive trade deficit in February

Posted on April 4, 2012 by GCI Financial

Australia chalked up a second consecutive trade deficit in February triggering a 30 pip drop in AUDUSD. Losses could have been greater had a technical support line not made its presence felt. The consensus had been looking for a rebound back into surplus territory, as the effects of the Lunar New Year holiday were expected to have worn off by now. Continue reading →

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EUR/USD: Greenback rose after reduced prospect for Fed stimulus; ECB rate decision awaited

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.76% against the USD and closed at 1.3226. The USD received a boost after the minutes of US Federal Open Market Committee meeting indicated no further monetary stimulus was likely. Moreover, … Continue reading →

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GBP/USD: Pound trading lower this morning ahead of UK services PMI data

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.5907. Earlier, the Pound had advanced after the construction Purchasing Managers’ Index (PMI) in the UK rose unexpectedly to 56.7 in March, marking the … Continue reading →

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USD/JPY: Greenback gives up some gains against the Yen in the Asian session

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.74% against the JPY and closed at 82.77, after minutes from the latest US Federal Reserve’s policy meeting showed monetary officials held off from increasing monetary easing. In the US economic … Continue reading →

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USD/CHF: Swissy weaker on broad dollar strength

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.83% against the CHF and closed at 0.9109, after the minutes of Federal Reserve’s latest monetary policy meeting indicated that the US central bank is growing less inclined to stimulate the … Continue reading →

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USD/CAD: Greenback continues to advance against the Canadian Dollar, as Fed signals no additional easing

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9912, after Fed signals no need for more easing unless growth falters. The minutes of the 13th March FOMC meeting suggested that a couple … Continue reading →

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AUD/USD: Aussie down after Australia records $480 million trade deficit‎

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.02% against the USD to close at 1.0317, after the Reserve Bank of Australia left its benchmark interest rate unchanged, in line with expectations, but stated that it may cut rates … Continue reading →

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Gold: Gold tumbles on fading easing hopes

Posted on April 4, 2012 by GCI Financial

Gold prices traded lower by 1.83% against the USD in the 24 hour period ending 23:00GMT, at 1647.00 per ounce, as the dollar strengthened after the Federal Reserve’s minutes revealed that the central bank sees no need for further monetary … Continue reading →

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Silver: Silver edged down as dollar rallies on FOMC minutes

Posted on April 4, 2012 by GCI Financial

Silver prices declined 1.10% to USD32.64 per ounce during the 24 hours ending 23:00GMT, following the release of minutes from the March 13th meeting of the Federal Open Market Committee (FOMC). In the Asian session, at GMT0300, Silver is trading … Continue reading →

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Crude Oil: Crude down on weak US factory data, Fed minutes

Posted on April 4, 2012 by GCI Financial

Oil prices declined 0.82% against the USD for the 24 hour period ending 23:00GMT, closing at 104.05, after the Federal Reserve indicated in its meeting minutes that it sees no need for new monetary easing, however remains concerned about the … Continue reading →

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