Daily Archives: February 11, 2011

Trading lower, Concerns over euro zone’s sovereign debt resurface

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.3593, as renewed concerns over euro zone’s sovereign debt weighed on investor sentiment. In the Asian session, at 4:00GMT, the EURUSD is trading at … Continue reading →

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Declines, amid poor economic data in the UK

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.6089. The nine-member Monetary Policy Committee (MPC) led by Bank of England (BoE) Governor, Mervyn King voted to retain the benchmark interest rate at … Continue reading →

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Rallies on upbeat US job data

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.21% against the JPY and closed at 83.35. In the US, initial jobless claims declined to 383,000 in the week ended 5 February 2011, from 419,000 in the previous week, while … Continue reading →

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Poor CPI data in Switzerland weighs on Swissy

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.19% against the CHF and closed at 0.9693. In Switzerland, the consumer price index in Switzerland rose 0.3% (YoY) in December, while on monthly basis, consumer prices fell 0.4% in January. … Continue reading →

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Canadian trade data awaited today

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 0.9960. In Canada, the New Housing Price Index (NHPI) rose 0.1% in December, following a 0.3% advance in November. In the Asian session at … Continue reading →

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Continues with its declining trend

Posted on February 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.05% against the USD to close at 1.0004. The Australian dollar was under pressure against the greenback after Reserve Bank of Australia Governor, Glenn Stevens stated that the central bank was … Continue reading →

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Continues its range bound movement

Posted on February 11, 2011 by GCI Financial

Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at USD 1,363.52 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1364.03 per ounce, marginally higher from 23:00GMT close. The pair … Continue reading →

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Trading lower this morning

Posted on February 11, 2011 by GCI Financial

Silver prices rose 0.07% to USD 30.20 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.12 per ounce, 0.28%% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Egypt unrest keeps investors on their toes

Posted on February 11, 2011 by GCI Financial

Oil prices advanced 0.77% against the USD for the 24 hour period ending 23:00GMT, closing at USD 87.59, after Egypt’s President, Hosni Mubarak stated that he would transfer the power to his Vice President, but would not step down. The … Continue reading →

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Dollar held firm overnight

Posted on February 11, 2011 by GCI Financial

The dollar held firm overnight on a combination of elevated yields and caution in equity markets. EURUSD traded in a range of 1.3552-1.3621 and USDJPY 83.21-83.52. A Japanese holiday limited volumes somewhat, though given yesterday’s jitters in Eurozone sovereign bond markets and ongoing geopolitical tension in the Middle East, we would expect the dollar to continue enjoying underlying support, especially with data surprises to the upside in the US. Continue reading →

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