Monthly Archives: April 2013

GBP/USD: Pound fell on Fitch downgrade, trading tad higher this morning

Posted on April 22, 2013 by GCI Financial

  On Friday, GBP fell 0.33% against the USD and closed at 1.5232, after Fitch Ratings lowered the UK’s long-term foreign and local currency issuer default ratings one step to “AA+” from “AAA”, citing the weak growth performance of the … Continue reading →

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USD/CHF: Cap on Swiss Franc ‘indispensable’, indicates SNB Chairman

Posted on April 22, 2013 by GCI Financial

  On Friday, the USD rose 0.10% against the CHF and closed at 0.9333. On Saturday, the Swiss National Bank’s Chairman, Thomas Jordan stated that the risk of a resurgence in the global financial crisis indicates that the Swiss National … Continue reading →

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USD/CAD: Canadian Dollar starts on a positive note this morning

Posted on April 22, 2013 by GCI Financial

  On Friday, the USD rose marginally against the CAD to close at 1.0264. On the Canadian economic front, the consumer price index (CPI) rose 1.0% (MoM) in March, while the annual core CPI climbed 1.4% in March. Moreover, wholesale … Continue reading →

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AUD/USD: Australia Dollar moving northwards in the Asian session

Posted on April 22, 2013 by GCI Financial

  On Friday, the AUD weakened 0.13% against the USD to close at 1.0281. LME Copper prices rose 0.2% or $12.5/MT to $6975.0/MT. Aluminium prices declined 0.1% or $2.5/MT to $1871.5/MT. In the Asian session, at GMT0300, the pair is … Continue reading →

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Crude Oil: Oil trading higher in the Asian session

Posted on April 22, 2013 by GCI Financial

  On Friday, Crude Oil prices declined 0.28% against the USD for the period ending 21:00GMT, closing at 88.01. However, losses were limited amid speculation that the Organization of the Petroleum Exporting Countries may hold an emergency meeting to discuss … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on April 22, 2013 by GCI Financial

  On Friday, Silver prices declined 0.30% to the USD23.29 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.53, 1.02% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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EUR/USD: Euro continues to trade higher in the Asian session

Posted on April 22, 2013 by GCI Financial

  On Friday, EUR rose marginally against the USD and closed at 1.3062. The European Central Bank (ECB) board member Jens Weidmann stated that interest rates in Europe are appropriate given current conditions. However, the Euro remained vulnerable as he … Continue reading →

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Gold: Gold rose on demand for physical gold

Posted on April 22, 2013 by GCI Financial

  On Friday Gold prices traded higher by 0.78% against the USD in the period ending 21:00GMT, at 1403.85 per ounce, following a rise in demand for physical gold. In the Asian session, at GMT0300, Gold is trading at 1422.35, … Continue reading →

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EUR/USD: Uninspiring US economic data weighed on greenback

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3053, as Spain’s treasury successfully sold debt with the yield on ten-year bond slipping to the lowest level since September 2010 and after … Continue reading →

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USD/CAD: Canadian inflation data awaited

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell marginally against the CAD to close at 1.0258. In the Asian session, at GMT0300, the pair is trading at 1.0245, with the USD trading 0.13% lower from yesterday’s close. … Continue reading →

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USD/CHF: Higher Swiss Franc hurts economy, says Zurbruegg

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD fell marginally against the CHF and closed at 0.9324. The Swiss National Bank (SNB) official, Fritz Zurbruegg commented that, the currency is still overvalued and that would bear severe consequences … Continue reading →

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