Daily Archives: April 16, 2012

Trading signals for Monday 16-04-2012

Posted on April 16, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 16-04-2012 11:00 GMT Continue reading →

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Again rating fears

Posted on April 16, 2012 by GCI Financial

Risk appetite suffered overnight after the Wall Street Journal reminded investors that Moody’s has the ratings of 114 European banks on review for a possible downgrade. We note that this review was announced in mid-February and that the article contained little new information. Elsewhere, China’s weekend decision to widen the USDCNY trading band from ?0.5% to ?1%, effective today, had very little effect on G10 currencies. Continue reading →

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Crude Oil: Crude Oil falls on Chinese GDP data, Euro-zone worries

Posted on April 16, 2012 by GCI Financial

  Oil prices declined 0.87% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 102.85, as slowdown in Chinese economic growth raised concerns about oil demand. Additionally, a stronger US Dollar and a jump in … Continue reading →

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Silver: White metal plunges as demand for industrial metals dips

Posted on April 16, 2012 by GCI Financial

  Silver prices declined 2.76% to USD 31.47 per ounce, on Friday, during the 24 hours ending 23:00GMT, as market participants experienced a strong pullback in the demand for industrial metals amid weak global cues. In the Asian session, at … Continue reading →

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Gold: Continues to trade lower

Posted on April 16, 2012 by GCI Financial

  Gold prices traded lower by 1.19% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1656.09 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1651.05, 0.30% lower … Continue reading →

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AUD/USD: Australian Dollar dropped on Chinese GDP figures

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD, on Friday, to close at 1.0365, amid reports that indicated that China’s Gross Domestic Product (GDP) rose less-than-expected in the first quarter of 2012. The GDP … Continue reading →

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USD/CAD: Loonie declined in Friday’ session as less-than-expected Chinese economic growth data spurred demand for greenback

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.35% against the CAD, on Friday, to close at 0.9984, as investors rise appetite was dampened, amid renewed worries about global economic growth, after reports showed less-than-expected Chinese economic growth. … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.91% against the CHF, on Friday, and closed at 0.9198. In the Asian session, at GMT0300, the pair is trading at 0.9230, with the USD trading 0.35% higher from Friday’s … Continue reading →

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USD/JPY: Yen traded lower, amid release of BoJ policy meeting minutes

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.14% against the JPY, on Friday, and closed at 81.02. Yen fell against greenback, amid speculation that the Bank of Japan (BoJ) would embark on additional monetary easing. According to … Continue reading →

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GBP/USD: Pound weakened as downbeat Chinese GDP dampened appeal for high-yielding assets

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.68% against the USD, on Friday, and closed at 1.5846, as weaker-than-expected Chinese GDP growth data, spurred demand for the safe-haven assets. Separately, Standard & Poor’s affirmed UK’s ‘AAA’ rating, … Continue reading →

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EUR/USD: Euro traded lower on Friday, on ECB bond purchase program speculation

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.79% against the USD, on Friday, and closed at 1.3077, amid speculation that the European Central Bank (ECB) would restart its government bond purchase program. Additionally, a downbeat Chinese GDP … Continue reading →

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