Daily Archives: February 14, 2011

The greenback holding on to Friday’s gains against the euro

Posted on February 14, 2011 by GCI Financial

Dollar performance was mixed during the Asia session with the greenback holding on to Friday’s gains against the euro, but surrendering some ground to the yen. The Nikkei-225 is currently up more than +1.1%. Indeed Asian equities are broadly higher after official confirmation on Friday evening that Egypt’s Mubarak has stepped down as president and has ceded control to a military council. Continue reading →

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Widening peripheral sovereign bond spreads raise concerns

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.35% against the USD and closed at 1.3546, amid renewed concerns over the sovereign-debt crisis. On the economic front, the French current account deficit widened to €5.4 billion in … Continue reading →

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Greenback gives up some gains in the Asian session

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.52% against the USD and closed at 1.6005. In the UK, the output price index surged 4.8% (YoY) in January, while the input price index edged up 13.4% (YoY) … Continue reading →

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Little reaction to Japanese GDP Data

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.17% against the JPY and closed at 83.49. In Japan, GDP fell by 0.3% (QoQ) in the quarter ended December 2010, after a revised rise of 0.8% in the … Continue reading →

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Morning dollar weakness supporting the Swiss franc

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.40% against the CHF and closed at 0.9732. In the Asian session, at 4:00GMT, the pair is trading at 0.9719, 0.13% lower from the New York session close. The … Continue reading →

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Losses continue in morning session

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.89% against the CAD to close at 0.9871. In the Asian session at 4:00GMT, the pair is trading at 0.9859, 0.12% lower from the New York session close. The … Continue reading →

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Up amid strong economic data

Posted on February 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.18% against the USD to close at 1.0022. The home loans in Australia grew by 2.1% in December 2010, following a 2.5% rise in the previous month. In the … Continue reading →

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Drifts lower on abating worries over Egypt

Posted on February 14, 2011 by GCI Financial

Gold prices traded lower by 0.47% against the USD in the 24 hour period ending 23:00GMT on Friday, at 1,357.15 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,357.93 per ounce, 0.06% higher from 23:00GMT. … Continue reading →

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Stronger dollar cools white metal in overnight trade

Posted on February 14, 2011 by GCI Financial

Silver prices declined 0.89% to USD 29.93 per ounce during the 24 hours ending 23:00GMT on Friday. In the Asian session at 4:00GMT, silver is trading at USD 29.89 per ounce, 0.12% higher, from 23:00GMT. The first level of short … Continue reading →

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Trends lower after Mubarak resigns

Posted on February 14, 2011 by GCI Financial

Oil prices declined 2.07% against the USD for the 24 hour period ending 23:00GMT on Friday, closing at 85.78, after the Egyptian President, Hosni Mubarak, resigned and handed power to the military, easing concerns over the disruption of crude-oil supplies … Continue reading →

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