Daily Archives: March 2, 2011

The Dollar continues recovering

Posted on March 2, 2011 by GCI Financial

The dollar continued to recover lost ground on the back of weaker risk appetite. Ratings agency comments about Greece and Portugal did not help. Nor did calls for a cut to the OCR by New Zealand Prime Minister Key. Weaker-than-expected Australian Q4 GDP also contributed to the sombre mood. EURUSD traded 1.3744-1.3811, USDJPY 81.82-81.98. Gold and oil remain elevated… Continue reading →

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Crude Oil: Trading near 100, as inventories fall

Posted on March 2, 2011 by GCI Financial

Oil prices advanced 3.32% against the USD for the 24 hour period ending 23:00GMT, closing at 100.28. At GMT 0400, Oil is trading at USD 99.99 per barrel in the Asian session, 0.29% lower from 23:00GMT. The pair has its … Continue reading →

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Silver: Marginally lower after yesterday’s sharp rise

Posted on March 2, 2011 by GCI Financial

Silver Movement Silver prices rose 2.67% to USD 34.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 34.54 per ounce, 0.20% lower, from 23:00GMT. The first level of short … Continue reading →

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Gold: Cooling off this morning after yesterday’s surge

Posted on March 2, 2011 by GCI Financial

Gold prices traded higher by 1.43% against the USD in the 24 hour period ending 23:00GMT, at 1,431.79 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1429.99 per ounce, 0.13% lower from 23:00GMT. The pair … Continue reading →

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AUD/USD: AUD drifts lower, GDP growth lower than expected

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.48% against the USD to close at 1.0123. Yesterday, Australia monetary policy makers kept the interest rate unchanged at 4.75%. In data this morning, new home sales rose by 2.5% in … Continue reading →

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USD/CAD: US dollar continues its rising trend

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.21% against the CAD to close at 0.9736. The Bank of Canada decided to keep its interest rates unchanged at 1.00%, in line with market expectations. In the Asian session at … Continue reading →

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USD/CHF: CHF weaker on broad dollar strength

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.16% against the CHF and closed at 0.9276. In Switzerland, SVME PMI Index rose to 63.5 in February from 60.5 in January. Additionally, Switzerland’s economy expanded by 0.9% in Q42010, up … Continue reading →

Posted in USD/CHF | 2 Comments

USD/JPY: Dollar a tad higher, this morning

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.05% against the JPY and closed at 81.86. In Japan, yesterday, monetary base rose by 5.6% (Y-o-Y) in February 2011. In the Asian session at 4:00GMT, the pair is trading higher … Continue reading →

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GBP/USD: Trading marginally lower after yesterday’s flat close

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.05% against the USD and closed at 1.6260. Fed Chairman Ben Bernanke asserted that US recovery is not established until there is sustained jobs growth. In the UK, M4 money supply … Continue reading →

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EUR/USD: Trading in a tight range

Posted on March 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.3771. In the EU, manufacturing PMI rose to 59.0 from 57.3 in January. Unemployment fell to 9.9% in January from 10% in the previous … Continue reading →

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