Monthly Archives: April 2013

GBP/USD: BoE meeting in spotlight

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5138, following the release of UK construction PMI data. Britain’s construction purchasing managers’ index (PMI) rose to a seasonally adjusted reading of 47.2 … Continue reading →

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USD/JPY: BoJ policy meeting awaited

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.52% against the JPY and closed at 92.87. In the Asian session, at GMT0300, the pair is trading at 92.87, with the USD trading flat from yesterday’s close. Investors … Continue reading →

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EUR/USD: Euro gained on news of IMF’s contribution to the Cyprus bailout, trading tad lower this morning

Posted on April 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.2849, after the International Monetary Fund (IMF) announced that it would contribute around €1 billion ($1.3 billion) to Cyprus, as part of the … Continue reading →

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Crude Oil: Oil slipped as US crude stockpiles rose to a 22-year high

Posted on April 4, 2013 by GCI Financial

  Crude Oil prices declined 2.32% against the USD for the 24 hour period ending 23:00GMT, closing at 94.47, after the US Energy Information Administration (EIA) registered the highest jump in 22 years in US crude stockpiles. The US EIA … Continue reading →

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Silver: White metals trading lower this morning

Posted on April 4, 2013 by GCI Financial

  Silver prices declined 0.96% to the USD27.03 per ounce during the 24 hours ending 23:00GMT, on weak global trends. In the Asian session, at GMT0300, Silver is trading at 26.78, 0.90% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Yellow metal sinks on ebbing demand signals

Posted on April 4, 2013 by GCI Financial

  Gold prices traded lower by 1.17% against the USD in the 24 hour period ending 23:00GMT, at 1557.92 per ounce, on the back of sluggish demand at existing higher levels. In the Asian session, at GMT0300, Gold is trading … Continue reading →

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GBP/USD: BRC shop price index rises in March

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5108, amid lackluster economic data. In economic news, manufacturing PMI in the UK rose to a reading of 48.3 in March, from a … Continue reading →

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EUR/USD: Euro records losses on disappointing PMI data

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.2820, as weak economic data out of the Euro-zone indicated that the region was well into contraction territory last month. In economic news … Continue reading →

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AUD/USD: Australian trade deficit narrows in February

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0456, as the Reserve Bank of Australia (RBA) kept its cash rate at a record-matching low of 3.0% as expected. However, the central … Continue reading →

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USD/JPY: Yen retreated as BoJ meeting looms

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.17% against the JPY and closed at 93.35. In the Asian session, at GMT0300, the pair is trading at 93.53, with the USD trading 0.19% higher from yesterday’s close. … Continue reading →

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USD/CAD: Loonie moving southwards in the Asian session

Posted on April 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CAD to close at 1.0143. The Loonie registered gains as factory orders in the US, Canada’s largest trading partner, increased more-than-expected in February. Yesterday, factory orders … Continue reading →

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