Monthly Archives: February 2011

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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ECB Lending on tap

Posted on February 18, 2011 by GCI Financial

The dollar stabilized during the Asia session after yesterday’s losses. Newswires were largely silent, and the BoJ minutes from the Jan. 24-25 policy meeting were unremarkable. EURUSD traded 1.3589-1.3627, USDJPY 83.24-83.42. Continue reading →

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Oil surges on Middle East unrest

Posted on February 18, 2011 by GCI Financial

Oil prices advanced 1.35% against the USD for the 24 hour period ending 23:00GMT, closing at 86.35. Crude oil rose due to mounting tension in the Middle East. At GMT 0400, Oil is trading at USD 86.31 per barrel in … Continue reading →

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Weaker dollar boosts white metal in overnight trade, Marginally lower this morning

Posted on February 18, 2011 by GCI Financial

Silver prices rose 3.57% to USD 31.76 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 31.69 per ounce, 0.22% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Traded higher, amid tensions in the Middle East

Posted on February 18, 2011 by GCI Financial

Gold prices traded higher by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1,383.82 per ounce. Gold futures surged, as continued unrest in the Middle East made the metal more attractive as a safe-haven investment In … Continue reading →

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Continues to add to yesterday’s gains

Posted on February 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0109. In the US, CPI rose 0.4% (M-o-M) in January after a 0.5% rise in December. In the Asian session at 4:00GMT, the pair … Continue reading →

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Witnessing flat trading

Posted on February 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.04% against the CAD to close at 0.9849. In the US, the leading indicator rose 0.1% (M-o-M) in January than 0.8% in December. In the Asian session at 4:00GMT, the pair … Continue reading →

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