Daily Archives: April 18, 2012

Trading signals for Wednesday 18-04-2012

Posted on April 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 18-04-2012 11:00 GMT Continue reading →

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Yen weakened overnight

Posted on April 18, 2012 by GCI Financial

The yen weakened overnight despite a press report indicating that the Bank of Japan’s inflation forecasts may be raised. It seems some FX investors are already positioning themselves for USDJPY upside ahead of next week’s FOMC and BoJ meetings – both of which are likely to push the pair higher towards our 3m forecast of 85. Continue reading →

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Crude Oil: Crude Oil rose on demand prospects

Posted on April 18, 2012 by GCI Financial

  Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 104.28, as positive European economic data and IMF boosting its global growth outlook, revived hopes that global demand for oil would increase. Late … Continue reading →

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Silver: White metal reversing its yesterday’s gains

Posted on April 18, 2012 by GCI Financial

  Silver prices rose 0.81% to USD 31.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.73, 0.03% lower from yesterday’s close. Silver is expected to find support at 31.41, … Continue reading →

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Gold: Tad lower this morning

Posted on April 18, 2012 by GCI Financial

  Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1651.40 per ounce, after a successful Spanish debt auction eased fears about the Euro-zone debt crisis, but the upside were capped as sentiment … Continue reading →

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AUD/USD: Aussie rallied, after IMF global growth update

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.42% against the USD to close at 1.0403, as risk appetite improved after International Monetary Fund (IMF) raised its global economy growth forecast. The IMF raised the growth outlook for … Continue reading →

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USD/CAD: Loonie strengthened after BoC surprises investors with hawkish tone

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 1.04% against the CAD to close at 0.9893. The Canadian Dollar rose, after Bank of Canada (BoC) signaled that it may need to start raising interest rates, preparing to lead … Continue reading →

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USD/CHF: Pair trading between its MA’s

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9153. In the Asian session, at GMT0300, the pair is trading at 0.9162, with the USD trading 0.10% higher from yesterday’s close. The … Continue reading →

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USD/JPY: Yen trading lower amid speculation of monetary easing

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.77% against the JPY and closed at 80.99. Yen came under pressure, after industrial production in Japan dropped 1.6% (MoM) in February, compared to the preliminary reading of a 1.8% … Continue reading →

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GBP/USD: Pound rose on positive UK CPI data

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.5932, after UK consumer prices rose in March, diminishing expectations for more easing from the Bank of England. On an annual basis, Consumer … Continue reading →

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EUR/USD: Spanish debt concerns continue to weigh on Euro

Posted on April 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3127, amid persistent fears over Spanish debt woes. Earlier, Spain’s Economy Minister, Luis de Guindos, admitted that the nation is heading towards its … Continue reading →

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