Monthly Archives: April 2012

GBP/USD: Pound trading lower this morning ahead of UK services PMI data

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.5907. Earlier, the Pound had advanced after the construction Purchasing Managers’ Index (PMI) in the UK rose unexpectedly to 56.7 in March, marking the … Continue reading →

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USD/JPY: Greenback gives up some gains against the Yen in the Asian session

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.74% against the JPY and closed at 82.77, after minutes from the latest US Federal Reserve’s policy meeting showed monetary officials held off from increasing monetary easing. In the US economic … Continue reading →

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USD/CHF: Swissy weaker on broad dollar strength

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.83% against the CHF and closed at 0.9109, after the minutes of Federal Reserve’s latest monetary policy meeting indicated that the US central bank is growing less inclined to stimulate the … Continue reading →

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USD/CAD: Greenback continues to advance against the Canadian Dollar, as Fed signals no additional easing

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9912, after Fed signals no need for more easing unless growth falters. The minutes of the 13th March FOMC meeting suggested that a couple … Continue reading →

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AUD/USD: Aussie down after Australia records $480 million trade deficit‎

Posted on April 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.02% against the USD to close at 1.0317, after the Reserve Bank of Australia left its benchmark interest rate unchanged, in line with expectations, but stated that it may cut rates … Continue reading →

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Gold: Gold tumbles on fading easing hopes

Posted on April 4, 2012 by GCI Financial

Gold prices traded lower by 1.83% against the USD in the 24 hour period ending 23:00GMT, at 1647.00 per ounce, as the dollar strengthened after the Federal Reserve’s minutes revealed that the central bank sees no need for further monetary … Continue reading →

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Silver: Silver edged down as dollar rallies on FOMC minutes

Posted on April 4, 2012 by GCI Financial

Silver prices declined 1.10% to USD32.64 per ounce during the 24 hours ending 23:00GMT, following the release of minutes from the March 13th meeting of the Federal Open Market Committee (FOMC). In the Asian session, at GMT0300, Silver is trading … Continue reading →

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Crude Oil: Crude down on weak US factory data, Fed minutes

Posted on April 4, 2012 by GCI Financial

Oil prices declined 0.82% against the USD for the 24 hour period ending 23:00GMT, closing at 104.05, after the Federal Reserve indicated in its meeting minutes that it sees no need for new monetary easing, however remains concerned about the … Continue reading →

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Trading signals for Tuesday 03-04-2012

Posted on April 3, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 03-04-2012 11:00 GMT Continue reading →

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RBA: Cash Rate unchanged

Posted on April 3, 2012 by GCI Financial

The RBA held the cash rate at 4.25%, in line with expectations. The rates market had 8bp of easing priced in, and AUDUSD jumped 20 pips immediately. The more dovish policy statement quickly put an end to the rally and the pair soon dropped 40 pips below its pre-announcement level. Growth was deemed to be “somewhat below trend” and “somewhat lower than earlier estimated”. This represents a significant shift from the “close to trend” language used previously. Continue reading →

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Silver: White metal continues to march northwards

Posted on April 3, 2012 by GCI Financial

  Silver prices rose 1.38% to USD33.00 per ounce during the 24 hours ending 23:00GMT, taking cues from rise in gold prices coupled with weakness in the US Dollar. In the Asian session, at GMT0300, Silver is trading at 33.03, … Continue reading →

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