Monthly Archives: February 2011

Higher, BoE interest rate decision awaited

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.6094, after Ben Bernanke stated that unemployment rate in the US is likely to remain high for some time, despite a decline in the … Continue reading →

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Displaying low volatility

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.06% against the JPY and closed at 82.35. In Japan yesterday, consumer confidence of households rose 0.9 points in January to 41.1, from revised 40.2 in December. Meanwhile, machine tool orders … Continue reading →

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Swiss consumer price data awaited today

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.56% against the CHF and closed at 0.9579. In the Asian session, at 4:00GMT, the pair is trading at 0.9594, 0.16% higher from the New York session close. The pair has … Continue reading →

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Continues to trade higher than short term moving averages

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.13% against the CAD to close at 0.9935. In the Asian session at 4:00GMT, the pair is trading at 0.9951, 0.16% higher from the New York session close. The first area … Continue reading →

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Declines, despite steady unemployment

Posted on February 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.38% against the USD to close at 1.0110. In the Asian session at 4:00GMT, the pair is trading at 1.0087, 0.23% lower from the New York session close. In the morning … Continue reading →

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Trading steady

Posted on February 10, 2011 by GCI Financial

Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at USD1,363.58 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,362.31 per ounce, 0.09% lower from 23:00GMT. The pair … Continue reading →

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Prices take a breather

Posted on February 10, 2011 by GCI Financial

Silver prices declined 0.17% to USD 30.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 30.15 per ounce, 0.08% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Slips after bearish stockpiles data

Posted on February 10, 2011 by GCI Financial

Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 86.92. The US Energy Information Administration reported a 1.9 million barrel jump in crude inventories for the week ended on February 4th, compared to … Continue reading →

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AUD hit by decline in full time jobs

Posted on February 10, 2011 by GCI Financial

The dollar recovered lost ground during the Asia session, after an earlier bout of weakness in the aftermath of Fed Chairman Bernanke’s speech. EURUSD traded 1.3689-1.3744, USDJPY 82.20-82.60. Continue reading →

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Euro continues its upward journey

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3624. In Germany, industrial production fell 1.5% (M-o-M) in December. In France the industrial sentiment index climbed to 110.0 in January. Meanwhile, the trade … Continue reading →

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GBP loses steam on increase in UK bank levy

Posted on February 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.6062. GBP was pressurized, as investor sentiment towards the UK was affected after the UK Chancellor of the Exchequer, George Osborne, increased tax levy … Continue reading →

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