Demo account Live Account Spreads & conditions Platforms Blog Partnership About Us
Blog / Forex news / --->01-04-11 - Daily Market Review

--->01-04-11 - Daily Market Review

4/1/2011
 
 
  Important Financial Indicators of the day Forecast Previous
GBP Manufacturing PMI Economic health in business (Manufacturing Industry) 60.7 61.5
USD Non-Farm Employment Change Economic activity/open non-farm positions 191k 192k
USD Unemployment Rate Jobless Rate 8.9% 8.9%
USD ISM Manufacturing PMI Industry Expansion 61.1 61.4

Currencies

  • EUR/USD opened in the Asian market at 1.4158 after demands dropped from yesterday's evening currency price. Now on an uptrend targeting 1.4200, and finding resistance at that level.

  • GBP/USD started the month, opening at 1.6027. So far today the currency was trading sideways on a range 1.6020/1.6044. Important volatility is expected today due to manufacturing Industry, which gives an idea of the economic health of the industry, that reflects as well on Sterling health-value.

  • USD/JPY began its session in Tokyo at 83.13. The results of other countries, trying to assist the economy of Japan by importing goods in the country is helping the Japan's economy. The high demand of the pair resulted in the volatility of the pair rising up to 61 pips. Today's high was 83.74. The currency pair was trading at 83.56 as of 07:00AM GMT

  • USD/CAD opened today at 0.9685. The loonie quickly rebound after the Euro/CAD started rising at 1.38 and meanwhile the CAD/JPY pair was getting weaker at 86.24. It is expected though, today that the loonie will get weaker as CAD is getting stronger because OIL is rising.

Commodities

WTI Crude Oil:Current price of Oil is 117.90 following a down trend of -0.14% having a change of -0.170

GOLD:Current price of Gold is 1.434.000 having a down trend of -0.41% with a change of -5.900

SILVER:Current price of Silver is 37.660 having a down trend of -0.60% with a change of -0.228

NATURAL GAS:Current Price of Gas is 4.388 having a down trend of -0.02% with a change of 0.001

Sources: Bloomberg, FT


Demo accountLive accountDeposit and Withdrawal
Live Chat
Call backContacts
Demo account|Live Account|Spreads & conditions|Platforms|Blog|Partnership|About Us