Monthly Archives: April 2013

USD/JPY: Yen weakens on increased speculation of more easing measures ahead of BoJ meeting next week

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 98.22. The Yen recorded losses, ahead of the Bank of Japan’s (BoJ) policy meeting next week as market participants anticipate for further … Continue reading →

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GBP/USD: UK retail sales fell in March

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.25% against the USD and closed at 1.5283. In the UK, retail sales dropped 0.7% (MoM) in March, compared to a 2.1% increase recorded in the previous month. In the … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on April 19, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD fell marginally against the USD to close at 1.0295. LME Copper prices declined 1.5% or $104.5/MT to $6962.5/MT. Aluminium prices rose 1.0% or $18.5/MT to $1874.0/MT. In the Asian session, at … Continue reading →

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Crude Oil: Oil traded higher despite persisting demand worries

Posted on April 19, 2013 by GCI Financial

  Crude Oil prices advanced 2.44% against the USD for the 24 hour period ending 23:00GMT, closing at 88.26, on reducing demand prospects for the fuel after the US and the UK posted weaker economic data. Also, speculation rose that … Continue reading →

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Silver: Silver trading lower this morning

Posted on April 19, 2013 by GCI Financial

  Silver prices declined 0.11% to the USD 23.36 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 23.34, 0.11% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold traded higher as dollar weakened

Posted on April 19, 2013 by GCI Financial

  Gold prices traded higher by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1392.97 per ounce, as the greenback weakened. In the Asian session, at GMT0300, Gold is trading at 1396.56, 0.26% higher from yesterday’s … Continue reading →

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GBP/USD: Sterling weighed by UK unemployment data, BoE minutes; trading higher this morning

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5245, the Bank of England’s (BoE) policy makers continued to remain divided for further asset purchases as the latest minutes revealed that the … Continue reading →

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AUD/USD: Aussie gains as business sentiment in Australia improves significantly

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.77% against the USD to close at 1.0302. LME Copper prices declined 2.1% or $1520/MT to $7067.0/MT. Aluminium prices declined 0.3% or $5.5/MT to $1855.5/MT. In the Asian session, at … Continue reading →

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EUR/USD: European debt crisis could last a decade, cautions Bundesbank Chief

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.3035, as investor sentiment dented after European Central Bank’s (ECB) Governing Council member and Bundesbank Chief, Jens Weidmann, stated that the ECB could … Continue reading →

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USD/JPY: Japan’s merchandise trade deficit narrowed in March

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.44% against the JPY and closed at 98.07. In economic news, the seasonally adjusted consumer confidence index in Japan rose to a reading of 44.8 in March, from a … Continue reading →

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USD/CAD: Loonie retreated after BoC lowered growth outlook; trading higher this morning

Posted on April 18, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0265. The Loonie came under pressure after the Bank of Canada’s (BoC) monetary policy committee voted to maintain its overnight borrowing rate … Continue reading →

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