Monthly Archives: April 2012

EUR/USD: Euro fell on weak economic data, trading higher ahead of Euro-zone GDP & PPI report

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.27% against the USD and closed at 1.3328, after the release of disappointing Euro-zone manufacturing and jobs data. On the economic front, the unemployment rate in the Euro-zone rose to 10.8% … Continue reading →

Posted in EUR/USD | Leave a comment

GBP/USD: Sterling up as UK manufacturing PMI rises to a 10-month high

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.04% against the USD and closed at 1.6027, after the manufacturing Purchasing Managers Index (PMI) in the UK rose to a 10-month high in March. On a seasonally adjusted basis, the … Continue reading →

Posted in GBP/USD | Leave a comment

AUD/USD: Aussie trading higher ahead of RBA interest rate decision

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0423. LME Copper prices declined $0.3/MT to $8479.5/ MT. Aluminium prices declined 0.8% or $17.0/MT to $2081.3/ MT. In the Asian session, at GMT0300, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie climbs on positive US manufacturing data

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.50% against the CAD to close at 0.9904. The Canadian Dollar advanced against USD, on an improved outlook for the country’s exports after a report showed US manufacturing expanded at a … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Greenback drifting lower against Swiss Franc in the Asian session

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9034. On the other hand, Swiss Franc came under pressure after retail turnover growth in Switzerland slowed to 0.8% (YoY) in February, from 4.7% … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Japan monetary base eases for the first time since August 2008; Pair trading lower this morning

Posted on April 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.84% against the JPY and closed at 82.17. In the Asian session, at GMT0300, the pair is trading at 81.90, with the USD trading 0.32% lower from yesterday’s close. This morning, … Continue reading →

Posted in USD/JPY | Leave a comment

Crude Oil: Encouraging US manufacturing data boosts oil prices; awaits inventory reports

Posted on April 3, 2012 by GCI Financial

Oil prices advanced 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 104.91, on upbeat manufacturing data from the US, the world’s largest oil consumers. In the Asian session, at GMT0300, Crude Oil is trading at … Continue reading →

Posted in Crude Oil | Leave a comment

Gold: Gold higher on demand prospects

Posted on April 3, 2012 by GCI Financial

Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1677.75 per ounce, as firmer US manufacturing data as well as strong China official purchasing managers index number helped lift gold prices. Meanwhile, … Continue reading →

Posted in Gold | Leave a comment

Trading signals for Monday 02-04-2012

Posted on April 2, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 02-04-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

China’s PMI boosts AUD

Posted on April 2, 2012 by GCI Financial

China’s official manufacturing PMI released over the weekend came in at 53.1 (cons. 50.8), substantially beating consensus opinion. The Australian dollar was the main beneficiary and climbed over 100 pips at the Asia open, although the rally eventually lost some steam after a very weak Australian building approvals report. Continue reading →

Posted in Market Snapshot | Leave a comment

AUD/USD: Aussie trading higher after China PMI at an 11-month high

Posted on April 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.57% against the USD to close at 1.0437. In the Asian session, at GMT0300, the pair is trading at 1.0399, with the AUD trading 0.39% higher from Friday’s close, … Continue reading →

Posted in AUD/USD | Leave a comment