Monthly Archives: February 2011

Rebounds from yesterday’s sharp decline

Posted on February 25, 2011 by GCI Financial

Oil prices declined 2.48% against the USD for the 24 hour period ending 23:00GMT, closing at 96.80. The EIA crude oil report showed that crude oil inventories increased by 0.8 million barrels to reach 346.7 million barrels from the previous … Continue reading →

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Sharp losses continue this morning

Posted on February 25, 2011 by GCI Financial

Silver prices declined 2.44% to USD 32.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 32.17 per ounce, 1.77% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Recoups some of yesterday’s losses this morning

Posted on February 25, 2011 by GCI Financial

Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1,402.60 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1404.71 per ounce, 0.15% higher from 23:00GMT. The pair … Continue reading →

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Marginally lower this morning

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0105. In the US, initial jobless claims fell to 391,000 in the week ending on February 19, and continuing jobless claims to 3.79 million. … Continue reading →

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CAD continuing to trade stronger

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.75% against the CAD to close at 0.9829. The Canadian dollar rose against the greenback as Libya’s uprising reduced supplies from Africa’s third-biggest oil-producing country. In the Asian session at 4:00GMT, … Continue reading →

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CHF marginally lower this morning, after gains yesterday

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.77% against the CHF and closed at 0.9263. In Switzerland, employment level increased to 4.085 million in Q4, an increase by 1.2% (Y-o-Y). In the Asian session, at 4:00GMT, the pair … Continue reading →

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Yen continuing to record gains

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.71% against the JPY and closed at 81.93. In Japan, yesterday, core consumer price index (CPI) in Japan fell 0.2% in January, following a 0.4% decrease posted in December. Meanwhile, the … Continue reading →

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Trading flat, a series of UK economic data awaited today

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.44% against the USD and closed at 1.6142. In the UK, nation’s consumer confidence rose 1 point from the previous month to reach -28 points in February 2011, from -29 in … Continue reading →

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Continues to zoom higher

Posted on February 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.41% against the USD and closed at 1.3805. The euro strengthened against the dollar after the ECB Governing Council, Bundesbank President, Axel Weber, indicated that interest rates would move higher. In … Continue reading →

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Crude Oil breaks the $100 mark

Posted on February 24, 2011 by GCI Financial

Central bank expectations and yield adjustments remain the key driver for FX markets but jitters over the situation in the Middle East and its wider impact are now proving too hard to ignore. Although markets have managed to segregate event risk, Brent and WTI crude futures have broken through $110/bbl and $100/bbl respectively – levels which could prove damaging to the global economy at a particularly crucial time in the recovery. Continue reading →

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Continues to surge, though lower this morning

Posted on February 24, 2011 by GCI Financial

Oil prices advanced 3.62% against the USD for the 24 hour period ending 23:00GMT, closing at 99.26. American Petroleum Institute, reported that crude-oil inventories rose by 163,000 barrels in the week to February 18. Additionally, gasoline supplies declined by 1.6 … Continue reading →

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