Daily Archives: April 24, 2012

Trading signals for Tuesday 24-04-2012

Posted on April 24, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 24-04-2012 11:00 GMT Continue reading →

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AUD fell after weak CPI figures

Posted on April 24, 2012 by GCI Financial

The Australian dollar suffered after Australia’s Q1 CPI inflation report came in much weaker than expected. Headline inflation fell sharply to +1.6% y/y (cons. 2.2%, prev. 3.1%). Market expectations had already been lowered by yesterday’s PPI report, but the scale of the miss was still surprising, and AUD promptly dropped 70pips. Continue reading →

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Crude Oil: Crude Oil extends losses stemming from European growth concerns

Posted on April 24, 2012 by GCI Financial

  Oil prices declined 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 103.15, as fears over the health of the Euro-zone economies and political uncertainty countered worries over a production stoppage in the North Sea … Continue reading →

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Silver: Silver continues to trade lower this morning

Posted on April 24, 2012 by GCI Financial

  Silver prices declined 2.44% to USD30.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.82, 0.06% lower from yesterday’s close. Silver is expected to find support at 30.32, and … Continue reading →

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Gold: Yellow metal extends losses as European debt concerns weighed

Posted on April 24, 2012 by GCI Financial

  Gold prices traded lower by 0.23% against the USD in the 24 hour period ending 23:00GMT, at 1638.25 per ounce, as European debt crisis worries and political turmoil in France and Netherlands, prompted investors to reduce their positions in … Continue reading →

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AUD/USD: Aussie weakened after less-than-expected rise in Australian CPI

Posted on April 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.44% against the USD to close at 1.0323, amid reports showing that Chinese manufacturing activity continued to be in contraction zone. In China, the Markit/HSBC manufacturing purchasing managers’ index (PMI) … Continue reading →

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USD/CAD: Loonie rose on positive Canadian economic data, trading lower this morning

Posted on April 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.24% against the CAD to close at 0.9908. Canadian dollar rose against greenback after Canadian wholesale sales unexpectedly rose in February, rebounding from a decline in the previous month. In … Continue reading →

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USD/CHF: Swiss Franc trading flat this morning, after yesterday’s losses

Posted on April 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.37% against the CHF and closed at 0.9137. On an annual basis, Switzerland’s M3 money supply came in at 6.6% in March, from 6.4% in February. In the Asian session, … Continue reading →

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USD/JPY: Yen extended gains on positive Japanese economic data

Posted on April 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD weakened 0.60% against the JPY and closed at 81.16. The leading index in Japan rose to 96.3 in February, compared to reading of 94.6 in January. Meanwhile, the coincident index rose … Continue reading →

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GBP/USD: Pound weakened as investors risk appetite faded amid European debt uncertainty

Posted on April 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6125, as lingering worries over European debt crisis, continued to weigh on investors’ sentiment. In the Asian session, at GMT0300, the pair is … Continue reading →

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EUR/USD: Euro fell on poor economic data and uncertainty surrounding France

Posted on April 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3154, on a downbeat Euro-zone economic data. Euro was also pressurized by political uncertainty in Netherlands and France. Separately, Bank of Spain stated … Continue reading →

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