Daily Archives: February 17, 2011

Dollar still weakened against most of its G10 peers

Posted on February 17, 2011 by GCI Financial

A lack of news flow ensured a relatively subdued Asia session, although the dollar still weakened against most of its G10 peers. EURUSD traded 1.3536-1.3609, USDJPY 83.50-83.86. The FOMC minutes showed diminishing downside risks, however, the “assessment of the most likely outcomes for economic activity and inflation over the projection period was not greatly changed.” Continue reading →

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Gaining strength

Posted on February 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.3565. In the US, Bureau of Labor Statistics reported that PPI for finished goods rose 0.8% in January, this advance followed increases of 0.9% … Continue reading →

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Investors await pointers from the BoJ monetary policy meeting

Posted on February 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 83.63. In the Asian session at 4:00GMT, the pair is trading lower from the New York close, by 0.06%, at 83.58. The first short … Continue reading →

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CHF continues to cement gains

Posted on February 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.79% against the CHF and closed at 0.9594. In the Asian session, at 4:00GMT, the pair is trading at 0.9587, 0.07% lower from the New York session close. The pair has … Continue reading →

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Monetary policy report in Canada awaited

Posted on February 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.45% against the CAD to close at 0.9853. In the US, industrial production decreased 0.1% in January 2011, after having risen 1.2% in December, while capacity utilization rate came in at … Continue reading →

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Adding to yesterday’s gains

Posted on February 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.56% against the USD to close at 1.0025. In the Asian session at 4:00GMT, the pair is trading at 1.0036, 0.11% higher from the New York session close. LME Copper prices … Continue reading →

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Shining again

Posted on February 17, 2011 by GCI Financial

Gold prices traded higher by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1,375.05 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,378.03 per ounce, 0.22% higher from 23:00GMT. The pair … Continue reading →

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Recouping yesterday’s losses, this morning

Posted on February 17, 2011 by GCI Financial

Silver prices declined 0.15% to USD 30.67 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.72 per ounce, 0.18% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Up yesterday on lower than expected EIA inventory rise

Posted on February 17, 2011 by GCI Financial

Oil prices advanced 0.78% against the USD for the 24 hour period ending 23:00GMT, closing at 85.20. At GMT 0400, Oil is trading at USD 85.07 per barrel in the Asian session, 0.15% lower from 23:00GMT. The pair has its … Continue reading →

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Fell yesterday, amid Mervyn King’s statement

Posted on February 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6091. Bank of England Governor Mervyn King stated that BoE may keep borrowing costs at a record low to aid a recovery that is … Continue reading →

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