Monthly Archives: April 2012

Silver: White metal trading flat this morning

Posted on April 19, 2012 by GCI Financial

  Silver prices declined 0.43% to USD 31.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.61, flat from yesterday’s close. Silver is expected to find support at 31.35, and … Continue reading →

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Gold: Yellow metal slipped on lackluster physical demand

Posted on April 19, 2012 by GCI Financial

  Gold prices traded lower by 0.62% against the USD in the 24 hour period ending 23:00GMT, at 1641.15 per ounce, as the greenback strengthened, and amid lack luster physical demand from major Asian consumers. In the Asian session, at … Continue reading →

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AUD/USD: Pair showing convergence with its MA’s

Posted on April 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.48% against the USD to close at 1.0354. In the Asian session, at GMT0300, the pair is trading at 1.0364, with the AUD trading 0.10% higher from yesterday’s close. In … Continue reading →

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USD/CAD: Canadian dollar trading marginally higher; BoC indicates economy gaining strength

Posted on April 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.18% against the CAD to close at 0.9911. Yesterday the Bank of Canada’s (BoC) quarterly monetary policy report indicated that the Canadian economy is steadily gaining strength. In the Asian … Continue reading →

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USD/CHF: Swiss Franc marginally lower; Jordan named as SNB President

Posted on April 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9161. The interim chairman, Thomas Jordan, was named as the full-time head of the Swiss National Bank (SNB). In Switzerland, the ZEW expectations … Continue reading →

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USD/JPY: Yen trading lower this morning, following trade deficit in Japan

Posted on April 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.40% against the JPY and closed at 81.32. Yen declined against greenback, yesterday, following comments from BoJ Deputy Governor Kiyohiko Nishimura. Bank of Japan (BoJ) deputy Governor Kiyohiko Nishimura stated … Continue reading →

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GBP/USD: Pound strengthened, amid positive UK unemployment data

Posted on April 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6022. Pound traded higher against greenback, buoyed by better-than-expected unemployment rate in the UK. Separately, the minutes of the Bank of England’s Monetary … Continue reading →

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EUR/USD: Euro trading flat in Asian session

Posted on April 19, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR traded almost unchanged against the USD and closed at 1.3120. The Euro-zone current account balance unexpectedly showed a deficit in February, compared to surplus in previous month. Additionally, downbeat construction output … Continue reading →

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Trading signals for Wednesday 18-04-2012

Posted on April 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 18-04-2012 11:00 GMT Continue reading →

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Yen weakened overnight

Posted on April 18, 2012 by GCI Financial

The yen weakened overnight despite a press report indicating that the Bank of Japan’s inflation forecasts may be raised. It seems some FX investors are already positioning themselves for USDJPY upside ahead of next week’s FOMC and BoJ meetings – both of which are likely to push the pair higher towards our 3m forecast of 85. Continue reading →

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Crude Oil: Crude Oil rose on demand prospects

Posted on April 18, 2012 by GCI Financial

  Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 104.28, as positive European economic data and IMF boosting its global growth outlook, revived hopes that global demand for oil would increase. Late … Continue reading →

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