Daily Archives: March 1, 2011

Dollar advanced against both the yen and the Swiss franc

Posted on March 1, 2011 by GCI Financial

The dollar advanced against both the yen and the Swiss franc during the Asia session, despite the lack of news flow. AUDUSD came under modest selling pressure after the RBA policy statement suggested no urgency in tightening further. EURUSD traded 1.3781-1.3830, USDJPY 81.74-82.24. Continue reading →

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Trading higher this morning after yesterday’s fall on Saudi assurance

Posted on March 1, 2011 by GCI Financial

Oil prices declined 1.20% against the USD for the 24 hour period ending 23:00GMT, closing at 97.06. Crude oil declined on Monday after Saudi Arabia’s reassurances of adequate supply calmed fears of disruptions in supplies from Libya. At GMT 0400, … Continue reading →

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Continues to zoom higher

Posted on March 1, 2011 by GCI Financial

Silver prices rose 1.66% to USD 33.71 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.92 per ounce, 0.62% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Trading stable at over 1400 levels

Posted on March 1, 2011 by GCI Financial

Gold prices traded higher by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1411.65 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,412.70 per ounce, 0.07% higher from 23:00GMT. The pair … Continue reading →

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Trading flat, despite positive data

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.04% against the USD to close at 1.0172. In Australia, seasonally adjusted estimate for retail sales grew by 0.4% (M-o-M) in January 2011, reaching an amount of A$ 20.44 billion in … Continue reading →

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Trading flat this morning, BoC interest rate decision awaited

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD to close at 0.9716. In Canada, GDP rose 3.3% in the fourth quarter of 2010 (4Q FY2010), following 1.8% growth posted in the third quarter. In the … Continue reading →

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Swiss GDP data expected later

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.9291. In the US, personal income rose 1.0% (M-o-M) in January following a 0.4% increase posted in December. In the Asian session, at 4:00GMT, … Continue reading →

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Yen declines after yesterday’s flat closing

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.07% against the JPY and closed at 81.82. In Japan, yesterday, overall household spending fell by 1.0% (Y-o-Y) over the year to January 2011, after falling by 3.3% through the year … Continue reading →

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Trading higher, despite lack of data triggers

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.94% against the USD and closed at 1.6268, stoked by expectations that inflation may force the BoE to act sooner than expected. The pair opened the Asian session at 1.6268, and … Continue reading →

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Euro rose amid speculation that ECB may indicate tightening bias

Posted on March 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.33% against the USD and closed at 1.3799. The euro rose against dollar on speculation that ECB Bank policy makers will signal their readiness to raise interest rates to counter inflation. … Continue reading →

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