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Daily Archives: February 8, 2011
EUR longs build on Mersch rate talk
€ The euro appreciated vis-à -vis the U.S. dollar today as the single currency tested offers around the US$ 1.3665 level and was supported around the $1.3570 level. Technically, today’s intraday low was right around the $1.3576 level, representing the 50.0% … Continue reading
Posted in Market Snapshot
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Continues trading above short term moving averages
Silver prices rose 1.14% to USD 29.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 29.38 per ounce, 0.03% lower, from 23:00GMT. The pair continues to trade marginally above … Continue reading
Posted in Silver
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Pressured by abating worries over Egypt
Oil prices declined 2.22% against the USD for the 24 hour period ending 23:00GMT, closing at 87.40, amid easing of tensions in Egypt. At GMT 0400, Oil is trading at USD 87.29 per barrel in the Asian session, 0.13% lower … Continue reading
Posted in Crude Oil
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Regaining shine
Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1,350.63 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,351.1 per ounce, 0.03% higher from 23:00GMT. Gold is … Continue reading
Posted in Gold
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Marginal gains for the AUD
For the 24 hours to 23:00 GMT, AUD strengthened 0.09% against the USD to close at 1.0132. Australia’s bank business confidence rose 7 points in January 2011, reaching 4 points after a sharp fall in December. Additionally, Australian retail sales, … Continue reading
Posted in AUD/USD
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Canadian dollar drops as concerns over oil supply abate
For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD to close at 0.9903. The Canadian dollar dropped due to reduced concern over the disruption of supplies of crude oil by protests in Egypt. In Canada, the … Continue reading
Posted in USD/CAD
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50Hr and 20 Hr moving averages converging
For the 24 hours to 23:00 GMT, USD rose 0.03% against the CHF and closed at 0.9548. In the Asian session, at 4:00GMT, the pair is trading at 0.9544, 0.04% lower from the New York session close. The pair has … Continue reading
Posted in USD/CHF
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USDJPY trading flat this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.09% against the JPY and closed at 82.29. In Japan, M2 money stock increased 2.3% (Y-o-Y) to Â¥784.5 trillion in January compared to the 2.3% increase posted in December. Additionally, Japanese … Continue reading
Posted in USD/JPY
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GBP gets a mild boost after improving UK fundamentals
For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6125. In economic news, the British Retail Consortium (BRC) reported that UK retail sales rose 2.3% on a like-for-like basis in January, from the … Continue reading
Posted in GBP/USD
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EUR rebounds after having fallen initially on disappointing German factory orders
For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.3592. ECB governing Council member, Yves Mersch, stated that the bank could raise interest rates to contain inflation even before it exited measures to … Continue reading
Posted in EUR/USD
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Attention focused on Fed Speakers
The dollar weakened during the Asia session, clocking up losses against the euro, the AUD, and the NZD. USDJPY remained tightly range-bound all night and traded 82.21-82.45. EURUSD traded 1.3544-1.3636. The S&P 500 continued its advance and finished 0.6% higher, despite thin news flow. The attention now shifts to Federal Reserve speakers… Continue reading
Posted in Market Snapshot
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