Monthly Archives: April 2013

USD/JPY: Japanese Yen continues its winning streak

Posted on April 29, 2013 by GCI Financial

  On Friday, the USD weakened 1.14% against the JPY and closed at 98.21, as investors were disappointed by the US GDP data. Meanwhile, in its latest semi-annual economic and price outlook report, the Bank of Japan (BoJ) indicated that … Continue reading →

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USD/CAD: Canadian dollar continues to trade higher in the Asian session

Posted on April 29, 2013 by GCI Financial

  On Friday, the USD declined 0.32% against the CAD to close at 1.0170. In the Asian session, at GMT0300, the pair is trading at 1.0152, with the USD trading 0.18% lower from Friday’s close. The pair is expected to … Continue reading →

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USD/CHF: Still risk of upward pressure on Swiss Franc, indicated SNB’s President

Posted on April 29, 2013 by GCI Financial

On Friday, the USD declined marginally against the CHF and closed at 0.9428. The Swiss National Bank (SNB) President, Thomas Jordan warned that there still exists a risk of a sudden upward pressure on the Swiss Franc’s foreign exchange rate. … Continue reading →

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AUD/USD: Aussie moving northwards in the Asian session

Posted on April 29, 2013 by GCI Financial

  On Friday, the AUD weakened 0.10% against the USD to close at 1.0282, as risk appetite weakened after data showed that the US economy grew less-than-forecast in the first quarter. LME Copper prices rose 0.3% or $19.5/MT to $7054.5/MT. … Continue reading →

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Crude Oil: Oil prices trading lower in the Asian session

Posted on April 29, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 0.49% against the USD for the period ending 21:00GMT, closing at 92.81, as investor sentiment dented over the uncertain outlook for growth in the world’s largest oil consumers, the US. In the Asian … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on April 29, 2013 by GCI Financial

  On Friday, Silver prices declined 1.60% to the USD24.00 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 24.22, 0.93% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold declined amid profit booking; trading higher this morning

Posted on April 29, 2013 by GCI Financial

  On Friday Gold prices traded lower by 0.25% against the USD in the period ending 21:00GMT, at 1462.09 per ounce, as investor indulged in profit booking. Over the weekend, a leading broker lowered its 2013 gold price forecast to … Continue reading →

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USD/JPY: Bank of Japan maintains its monetary policy stance

Posted on April 26, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 99.36. In the Asian session, at GMT0300, the pair is trading at 99.13, with the USD trading 0.23% lower from yesterday’s close. This … Continue reading →

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Crude Oil: Oil advanced on US unemployment claims data

Posted on April 26, 2013 by GCI Financial

Crude Oil prices advanced 1.89% against the USD, extending its previous session’s rally, for the 24 hour period ending 23:00GMT, closing at 93.27, as investor sentiment improved after the US Department of Labor showed that less Americans filed for unemployment … Continue reading →

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Silver: Silver continues to rise in the Asian session

Posted on April 26, 2013 by GCI Financial

Silver prices surged 5.28% to the USD24.38 per ounce during the 24 hours ending 23:00GMT, tracking strong gains in gold prices and amid a pick-up in industrial demand. In the Asian session, at GMT0300, Silver is trading at 24.40, marginally … Continue reading →

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Gold: Yellow metal extends its previous session rally

Posted on April 26, 2013 by GCI Financial

Gold prices traded higher by 2.47% against the USD in the 24 hour period ending 23:00GMT, at 1465.79 per ounce, as the dollar weakened and amid continuous buying of precious metal across Asia. In the Asian session, at GMT0300, Gold … Continue reading →

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