Daily Archives: February 23, 2011

Libya still on focus

Posted on February 23, 2011 by GCI Financial

An uneasy calm descended over FX markets during the Asia session, and risk currencies managed to hold their ground despite continuing concerns about Libya. The dollar fell further against the yen, but has steadied against the Swiss franc. EURUSD traded 1.3649-1.3712, USDJPY 82.53-82.89. AUDUSD crept back above parity although there seemed to be little conviction behind the move. NZDUSD continues to languish sub-0.75. The euro remains supported on expectations of a hawkish ECB press conference next week. Continue reading →

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Trading flat after yesterdays surge

Posted on February 23, 2011 by GCI Financial

Oil prices advanced 4.76% against the USD for the 24 hour period ending 23:00GMT, closing at 95.79. At GMT 0400, Oil is trading at USD 95.76 per barrel in the Asian session, 0.03% lower from 23:00GMT. The pair has its … Continue reading →

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Cooling off

Posted on February 23, 2011 by GCI Financial

Silver prices declined 2.24% to USD 33.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.03 per ounce, 0.27% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Hovering around 1400 levels

Posted on February 23, 2011 by GCI Financial

Gold prices traded lower by 0.50% against the USD in the 24 hour period ending 23:00GMT, at 1,398.90 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,400.26 per ounce, 0.10% higher from 23:00GMT. The pair … Continue reading →

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Sharp fall yesterday, marginally higher this morning

Posted on February 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.18% against the USD to close at 0.9977. Australia’s Wage Price Index decreased to 1.0% (Q-o-Q) in the December 2010 quarter. The decrease was 0.1%, following the Q3 reading of 1.1%. … Continue reading →

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CAD sees a marginal rebound this morning

Posted on February 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.74% against the CAD to close at 0.9906. In Canada, retail sales declined by 0.2% (M-o-M) to reach $35.5 billion, down from a rise of 1.5% in November. In the US, … Continue reading →

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CHF Cementing yesterday’s gains

Posted on February 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.92% against the CHF and closed at 0.9384. In the Asian session, at 4:00GMT, the pair is trading at 0.9370, 0.15% lower from the New York session close. The Swiss UBS … Continue reading →

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Yen higher amid risk aversion

Posted on February 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.45% against the JPY and closed at 82.77. In Japan, trade balance fell sharply in January showing a deficit of Â¥471.4 billion compared to surplus of Â¥727.0 billion in the previous … Continue reading →

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Trading higher this morning, after yesterday’s fall

Posted on February 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD and closed at 1.6137. In the UK, public sector net borrowing fell to £5.3 billion in January, after rising by £14.5 billion in December. In the US, … Continue reading →

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Up this morning as tightening expectations rise in the Eurozone

Posted on February 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.15% against the USD and closed at 1.3655. German Gfk consumer confidence survey for the month of March rose to 6.0 compared with 5.8 in February. Meanwhile, in the US, consumer … Continue reading →

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