Daily Archives: March 8, 2011

NZD recovered some lost ground against the dollar

Posted on March 8, 2011 by GCI Financial

FX markets were largely range-bound until the end of the Asia session, although the NZD recovered some lost ground against the dollar, and the CHF sold off against both the euro and the dollar as Europe walked in. EURUSD traded 1.3956-1.3989, USDJPY 82.16-82.38. Continue reading →

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Crude Oil: Investors await the API oil inventory reports

Posted on March 8, 2011 by GCI Financial

Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 104.75, as fight in Libya continued thus keeping investors worried about the possibility of spreading of unrest to other key oil-producing countries in the … Continue reading →

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Silver: Maintaining its elevated level this morning

Posted on March 8, 2011 by GCI Financial

Silver prices rose 0.67% to USD 35.87 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.87 per ounce, flat, from 23:00GMT. The first level of short term resistance on … Continue reading →

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Gold: Trading steady this morning

Posted on March 8, 2011 by GCI Financial

Gold prices traded lower by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1,431.23 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,431.40 per ounce, 0.01% higher from 23:00GMT. The pair … Continue reading →

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AUD/USD: Australia Business Confidence Rises

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.37% against the USD to close at 1.0118. According to a monthly survey by The National Australia Bank, Australian business confidence rose to 14 points in February, from a reading of … Continue reading →

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USD/CAD: CAD losses steam, as Canadian building permits fall

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9725, after building permits in Canada declined by 5.1% (M-o-M) to C$5.4 billion in January following a growth of 2.6% in the previous month. … Continue reading →

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USD/CHF: Continues its rising trend

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9263. In the US, consumer credit rose by $5 billion in January following a downwardly revised $4.1 billion increase in December. In the Asian … Continue reading →

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USD/JPY: Trading flat on mixed bag of economic data in Japan

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 82.24. In Japan, yesterday, the leading index improved for a third month to 101.9 in January, the highest level since August 2006, while the … Continue reading →

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GBP/USD: Trading flat this morning, little reaction to UK economic data

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.47% against the USD and closed at 1.6201. Dallas Fed President, Richard Fisher, stated that the Federal Reserve has done enough to get the economy back on solid footing and now … Continue reading →

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EUR/USD: Trading higher in the Asian session

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.16% against the USD and closed at 1.3971, as investors remained cautious, after Moody’s Investors Service downgraded Greek bond ratings to B1 from Ba1 and assigned a negative outlook. The agency … Continue reading →

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