Monthly Archives: April 2012

Silver: White metal trading below its MA’s

Posted on April 23, 2012 by GCI Financial

  Silver prices declined 0.17% to USD 31.70 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.61, 0.27% lower from Friday’s close. Silver is expected to find support … Continue reading →

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Gold: Gold settled higher on strong European economic data

Posted on April 23, 2012 by GCI Financial

  Gold prices traded higher marginally against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1642.20 per ounce, as a positive economic data from Euro-zone lifted investors’ sentiment, raising demand for precious metals. In the Asian … Continue reading →

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AUD/USD: Australia Dollar trading lower this morning, amid downbeat PPI data

Posted on April 23, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD, on Friday, to close at 1.0377. In the Asian session, at GMT0300, the pair is trading at 1.0344, with the AUD trading 0.32% lower from Friday’s … Continue reading →

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USD/CAD: Loonie rallied following IMF comments, trading lower this morning

Posted on April 23, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.28% against the CAD, on Friday, to close at 0.9922. Canadian dollar rose against greenback, as positive comments from IMF, spurred investors’ risk appetite. Separately, Bank of Canada (BoC) Governor, … Continue reading →

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USD/CHF: Pair trading between its MA’s

Posted on April 23, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.60% against the CHF, on Friday, and closed at 0.9092. In the Asian session, at GMT0300, the pair is trading at 0.9111, with the USD trading 0.21% higher from Friday’s … Continue reading →

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USD/JPY: Yen continues its northward journey

Posted on April 23, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD weakened 0.20% against the JPY, on Friday, and closed at 81.52. In the Asian session, at GMT0300, the pair is trading at 81.28, with the USD trading 0.28% lower from Friday’s … Continue reading →

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GBP/USD: Pound traded higher on Friday, amid strong UK retail sales data

Posted on April 23, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD, on Friday, and closed at 1.6117, after reports showed that retail sales in the UK rose better-than-expected in March. On a monthly basis, retail sales rose … Continue reading →

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EUR/USD: Euro strengthened on positive German economic data and IMF comments, trading lower this morning

Posted on April 23, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.54% against the USD, on Friday, and closed at 1.3214, amid an upbeat German economic data and reassuring comments from the International Monetary Fund. Investor’s risk sentiment received a lift, … Continue reading →

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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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