Daily Archives: February 16, 2011

SNB Remarks Aid CHF

Posted on February 16, 2011 by GCI Financial

Conviction was generally lacking during the Asia session given the shortage of news headlines and economic data releases, though remarks from the SNB supported the Swiss franc. EURUSD traded 1.3476-1.3540, USDJPY 83.69-83.88. Asian stocks are moderately ahead at the time of writing, although the S&P 500 finished down -0.32% earlier. Continue reading →

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Continues to trade higher

Posted on February 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.56% against the USD and closed at 1.6125. The pair opened the Asian session at 1.6132, and is trading at 1.6158 at 4.00GMT. The pair is trading 0.20% higher from the … Continue reading →

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Trading flat this morning

Posted on February 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.59% against the JPY and closed at 83.80. The Bank of Japan decided yesterday by unanimous vote to keep the benchmark rate between 0.0% and 0.1% for fifth consecutive month as … Continue reading →

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CHF higher on broad dollar weakness

Posted on February 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.30% against the CHF and closed at 0.9673. In the Asian session, at 4:00GMT, the pair is trading at 0.9647, 0.27% lower from the New York session close. The pair has … Continue reading →

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Gains in CAD muted this morning

Posted on February 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.04% against the CAD to close at 0.9896. In the Asian session at 4:00GMT, the pair is trading at 0.9880, 0.16% lower from the New York session close. The first area … Continue reading →

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AUD recouping earlier losses

Posted on February 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 0.9958. In the Asian session at 4:00GMT, the pair is trading at 0.9995, 0.37% higher from the New York session close. The Westpac leading … Continue reading →

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Gold advances amid inflation concerns, Mideast worries

Posted on February 16, 2011 by GCI Financial

Gold prices traded higher by 0.70% against the USD in the 24 hour period ending 23:00GMT, at 1,372.20 per ounce. Inflation worries assisted the precious metal prices higher on Tuesday in the New York session. In other news, protests for … Continue reading →

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Continues its rising trend; trading flat this morning

Posted on February 16, 2011 by GCI Financial

Silver prices rose 0.63% to USD 30.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.73 per ounce, 0.05% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Trading marginally higher this morning

Posted on February 16, 2011 by GCI Financial

Oil prices declined 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 84.51. At GMT 0400, Oil is trading at USD 84.61 per barrel in the Asian session, 0.12% higher from 23:00GMT. The pair has its … Continue reading →

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German GDP disappointed; EUR trading higher this morning

Posted on February 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.3487. Germany’s economy continued to expand solidly in the Q4 of 2010, although growth slowed slightly from the Q3 and was below market expectations. … Continue reading →

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