Daily Archives: February 9, 2011

Euro continues its upward journey

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3624. In Germany, industrial production fell 1.5% (M-o-M) in December. In France the industrial sentiment index climbed to 110.0 in January. Meanwhile, the trade … Continue reading →

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GBP loses steam on increase in UK bank levy

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.6062. GBP was pressurized, as investor sentiment towards the UK was affected after the UK Chancellor of the Exchequer, George Osborne, increased tax levy … Continue reading →

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Trading higher in Asian session

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 82.29. In Japan, the adjusted current account surplus was Â¥1,555.9 billion in December, following Â¥1145.1 billion surplus in the previous month, with trade balance … Continue reading →

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Zooms ahead

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.89% against the CHF and closed at 0.9633. In Switzerland, the seasonally adjusted jobless rate remained unchanged at 3.5% in January, compared to the previous month. Additionally, the unadjusted unemployment rate … Continue reading →

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Loonie weighed down by Chinese interest rate hike

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.46% against the CAD to close at 0.9949. The Chinese central bank has raised the benchmark deposit and lending rates by 25 basis points, for the third time since October last … Continue reading →

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Rise in consumer confidence boosts AUD

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.17% against the USD to close at 1.0148. In Australia, the Westpac Consumer Confidence Index of consumer sentiment rose 1.9% to 106.6 in February, from 104.6 in January. In the Asian … Continue reading →

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Gaining momentum

Posted on February 9, 2011 by GCI Financial

Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1,362.65 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,362.89 per ounce, 0.04% higher from 23:00GMT. The pair … Continue reading →

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Correcting after the sharp upmove

Posted on February 9, 2011 by GCI Financial

Silver prices rose 2.86% to USD 30.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.13 per ounce, 0.33% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Advances despite China’s move towards cooling inflation

Posted on February 9, 2011 by GCI Financial

Oil prices advanced 0.02% against the USD for the 24 hour period ending 23:00GMT, closing at 87.42. Initially, oil traded low on concerns that China’s interest-rate increase would curb the country’s demand for oil. Late Tuesday, the American Petroleum Institute … Continue reading →

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Yields push up the Dollar

Posted on February 9, 2011 by GCI Financial

US Treasury yields continued to advance during the Asia session, helping to push yield-sensitive pairs like USDJPY and USDCHF even higher. EURUSD traded 1.3613-1.3669, USDJPY 81.92-82.51. US Treasuries are still feeling the effects of yesterday’s weak auction and the 10y yield finally breached 3.75% overnight. Continue reading →

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