Daily Archives: April 25, 2012

Trading signals for Wednesday 25-04-2012

Posted on April 25, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 25-04-2012 11:00 GMT Continue reading →

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Australian dollar to claw back all losses

Posted on April 25, 2012 by GCI Financial

Surprisingly-strong US earnings reports released after the NY close generated an upbeat tone in Asia, allowing the Australian dollar to claw back all losses it has suffered since Tuesday’s soft CPI reading. Asian equities also got a boost, and USDJPY is still looking firm ahead of tonight’s Fed policy announcements. There are three FOMC-related events to watch out for. Continue reading →

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Crude Oil: Crude Oil rose as stockpiles declined

Posted on April 25, 2012 by GCI Financial

  Oil prices advanced 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 103.69, after reports showed decline in US crude oil inventories. Late yesterday, the American Petroleum Institute reported that crude oil inventories fell 960,000 … Continue reading →

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Silver: White metal continues to trade lower in Asian session

Posted on April 25, 2012 by GCI Financial

  Silver prices declined 0.05% to USD30.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.82, slightly lower from yesterday’s close. Silver is expected to find support at 30.62, and … Continue reading →

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Gold: Yellow metal declines, investors awaits outcome of Fed meeting

Posted on April 25, 2012 by GCI Financial

  Gold prices traded higher by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1641.90 per ounce, as greenback weakened amid uninspiring US housing and consumer confidence data. The Federal Reserve is set to release its … Continue reading →

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AUD/USD: Aussie trading above its MA’s

Posted on April 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0328. In the Asian session, at GMT0300, the pair is trading at 1.0316, with the AUD trading 0.11% lower from yesterday’s close. LME … Continue reading →

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USD/CAD: Mark Carney says BoC may have to raise rates; Loonie trading steady in Asian session

Posted on April 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.36% against the CAD to close at 0.9872. Canadian dollar advanced against greenback, after Bank of Canada (BoC) head Mark Carney indicated that the bank may have to raise interest … Continue reading →

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USD/CHF: Swissy trading flat this morning

Posted on April 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.34% against the CHF and closed at 0.9105. In economic news, trade surplus in Switzerland narrowed to CHF1.7 billion in March, from a revised surplus of CHF2.6 billion in February. … Continue reading →

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USD/JPY: Yen declined on monetary easing hopes

Posted on April 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.22% against the JPY and closed at 81.34. Yen traded lower against greenback, on speculation that Bank of Japan would resume monetary easing to weaken the currency. In the Asian … Continue reading →

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GBP/USD: Tad lower this morning after yesterday’s gains

Posted on April 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6147. In the UK, public sector net borrowing (PSNB) rose to £15.9 billion in March, compared to £9.9 billion in February. Market had … Continue reading →

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EUR/USD: Euro rose after weak economic data in the US, trading flat this morning

Posted on April 25, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.33% against the USD and closed at 1.3197, following the release of broadly weaker-than-expected US economic data on housing and consumer confidence. However, sentiments on the Euro remained weak after … Continue reading →

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