Daily Archives: April 20, 2012

Trading signals for Friday 20-04-2012

Posted on April 20, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 20-04-2012 11:00 GMT Continue reading →

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BoJ policy meetings drawing closer

Posted on April 20, 2012 by GCI Financial

USDJPY consolidated overnight with FOMC and BoJ policy meetings drawing closer. Our analysts are not concerned about yesterday’s higher-than-expected initial jobless claims data. Instead, they point to distortions associated with Easter holidays and the cross over to a new quarter, which led to volatility and an upside bias. Economic data elsewhere also disappointed: existing home sales fell to an annual rate of 4.48 mn and April Philly Fed manufacturing index down to 8.5. Continue reading →

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Crude Oil: Crude Oil ended lower on soft US jobs data

Posted on April 20, 2012 by GCI Financial

  Oil prices declined 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 102.57, as poor US jobs data renewed concerns about the US economic recovery. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →

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Silver: Silver trading flat this morning

Posted on April 20, 2012 by GCI Financial

  Silver prices rose 0.46% to USD 31.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.75, flat from yesterday’s close. Silver is expected to find support at 31.37, and … Continue reading →

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Gold: Yellow metal rose on weak US dollar

Posted on April 20, 2012 by GCI Financial

  Gold prices traded higher by 0.04% against the USD in the 24 hour period ending 23:00GMT, at 1641.77 per ounce, as the greenback weakened on soft US economic data. In the Asian session, at GMT0300, Gold is trading at … Continue reading →

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AUD/USD: Aussie weakened amid disappointing Australian export and import data

Posted on April 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0342. In the Asian session, at GMT0300, the pair is trading at 1.0327, with the AUD trading 0.15% lower from yesterday’s close. In … Continue reading →

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USD/CAD: Loonie fell on weak US jobs data

Posted on April 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9950. Loonie fell as a downbeat US jobless data raised concerns about US economic growth, dampening demand for high-yielding assets. The Canadian Dollar … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on April 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.15% against the CHF and closed at 0.9147. In the Asian session, at GMT0300, the pair is trading at 0.9147, with the USD trading flat from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen declined on speculation for monetary easing by BoJ

Posted on April 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.44% against the JPY and closed at 81.68. Yen traded lower, after Bank of Japan (BoJ) Governor, Masaaki Shirakawa comments that he is ‘committed’ to additional monetary easing. The Yen … Continue reading →

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GBP/USD: Pound trading lower this morning, after yesterday’s gains

Posted on April 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6061, buoyed by diminished expectations for additional round of easing by the Bank of England. In the Asian session, at GMT0300, the pair … Continue reading →

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EUR/USD: Euro rose on successful Spanish bond auction, trading flat this morning

Posted on April 20, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD and closed at 1.3143, amid successful Spanish bond auction. Spanish government sold €2.54 billion worth of 2- and 10-year bonds, exceeding the government’s targeted range of … Continue reading →

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