Daily Archives: February 21, 2011

Inflation worries ECB

Posted on February 21, 2011 by GCI Financial

Price action lacked conviction during the Asia session, despite the emergence of a partial agreement at the weekend G20 meeting. EURUSD traded 1.3666-1.3716, USDJPY 83.02-83.19. The G20 agreed on a set of economic indicators that could eventually be used to measure the scale of global imbalances. The list includes public debt and fiscal deficits, private debt and the savings rate, and the trade balance and net investment income flows and transfers. Continue reading →

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Sharply higher this morning

Posted on February 21, 2011 by GCI Financial

Oil prices declined 0.31% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 86.08. Crude oil futures ended lower on Friday, as investors were cautious ahead of an upcoming contract expiration and a long holiday … Continue reading →

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Zooms higher

Posted on February 21, 2011 by GCI Financial

Silver prices rose 2.60% to USD on Friday to 32.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.02 per ounce, 1.30% higher, from 23:00GMT. The first level of … Continue reading →

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Continues to rises sharply

Posted on February 21, 2011 by GCI Financial

Gold prices traded higher by 0.28% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,387.72 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,395.15 per ounce, 0.54% higher from 23:00GMT. … Continue reading →

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Has given up some gains this morning

Posted on February 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD on Friday to close at 1.0146. In the Asian session at 4:00GMT, the pair is trading at 1.0124, 0.22% lower from the New York session close. LME … Continue reading →

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Flattish trade continues

Posted on February 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CAD on Friday to close at 0.9858. Consumer prices in Canada rose 2.3% (Y-o-Y) on an annual basis in January, following a 2.4% increase recorded in December. Additionally, … Continue reading →

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USD continuing to trade lower

Posted on February 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CHF on Friday and closed at 0.9463. In the Asian session, at 4:00GMT, the pair is trading at 0.9455, 0.08% lower from the New York session close. The … Continue reading →

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Trading lower than short term MA’s

Posted on February 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.30% against the JPY on Friday and closed at 83.07. In the Asian session at 4:00GMT, the pair is trading higher from the New York close, by 0.07%, at 83.13. The … Continue reading →

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Trading unchanged this morning, amid strong UK economic data

Posted on February 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD on Friday and closed at 1.6234. BoE Governor, Mervyn King stated that global imbalances threaten the sustainability of the recovery in global demand and failure in addressing … Continue reading →

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Flat, after Friday’s rise

Posted on February 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.57% against the USD on Friday and closed at 1.3685. In Germany, producer price index rose 1.2% (M-o-M) in January versus a 0.7% rise in December. The annual producer price inflation … Continue reading →

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