Daily Archives: February 10, 2011

Greenback marginally higher, after losing ground yesterday

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.73% against the USD and closed at 1.3724, after the Federal Reserve Chairman, Ben Bernanke, stated that persistent weakness in the jobs market requires the Fed to maintain its record low … Continue reading →

Posted in EUR/USD | Leave a comment

Higher, BoE interest rate decision awaited

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.6094, after Ben Bernanke stated that unemployment rate in the US is likely to remain high for some time, despite a decline in the … Continue reading →

Posted in GBP/USD | Leave a comment

Displaying low volatility

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.06% against the JPY and closed at 82.35. In Japan yesterday, consumer confidence of households rose 0.9 points in January to 41.1, from revised 40.2 in December. Meanwhile, machine tool orders … Continue reading →

Posted in USD/JPY | Leave a comment

Swiss consumer price data awaited today

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.56% against the CHF and closed at 0.9579. In the Asian session, at 4:00GMT, the pair is trading at 0.9594, 0.16% higher from the New York session close. The pair has … Continue reading →

Posted in USD/CHF | Leave a comment

Continues to trade higher than short term moving averages

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.13% against the CAD to close at 0.9935. In the Asian session at 4:00GMT, the pair is trading at 0.9951, 0.16% higher from the New York session close. The first area … Continue reading →

Posted in USD/CAD | Leave a comment

Declines, despite steady unemployment

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.38% against the USD to close at 1.0110. In the Asian session at 4:00GMT, the pair is trading at 1.0087, 0.23% lower from the New York session close. In the morning … Continue reading →

Posted in AUD/USD | Leave a comment

Trading steady

Posted on February 10, 2011 by GCI Financial

Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at USD1,363.58 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,362.31 per ounce, 0.09% lower from 23:00GMT. The pair … Continue reading →

Posted in Gold | Leave a comment

Prices take a breather

Posted on February 10, 2011 by GCI Financial

Silver prices declined 0.17% to USD 30.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.15 per ounce, 0.08% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Slips after bearish stockpiles data

Posted on February 10, 2011 by GCI Financial

Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 86.92. The US Energy Information Administration reported a 1.9 million barrel jump in crude inventories for the week ended on February 4th, compared to … Continue reading →

Posted in Crude Oil | Leave a comment

AUD hit by decline in full time jobs

Posted on February 10, 2011 by GCI Financial

The dollar recovered lost ground during the Asia session, after an earlier bout of weakness in the aftermath of Fed Chairman Bernanke’s speech. EURUSD traded 1.3689-1.3744, USDJPY 82.20-82.60. Continue reading →

Posted in Market Snapshot | Leave a comment