Daily Archives: March 11, 2011

Japan hit by strong earthquakes and tsunamis

Posted on March 11, 2011 by GCI Financial

The yen spiked half a big figure lower after a strong earthquake hit Japan, and risk currencies in genera fell. EURUSD traded 1.3775-1.3832, USDJPY 82.78-83.30. Continue reading →

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EUR/USD: Euro backpedals as sovereign debt woes mount, Rises in Asian session

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.78% against the USD and closed at 1.3795, after Moody’s Investors Service downgraded Spain’s sovereign debt rating by a notch to Aa2 with a negative outlook, citing that it was uncertain … Continue reading →

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GBP/USD: Trading higher today morning

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.90% against the USD and closed at 1.6054. BOE kept its benchmark interest rate at record low as policymakers decided to sideline concerns on increasing inflation pressures so as to support … Continue reading →

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USD/JPY: Showing convergence with its MA’s

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 82.98. In Japan, yesterday, machine tool orders surged by 73.7% (Y-o-Y) to reach Â¥112.57 billion in February compared to an increase of 89.8% in … Continue reading →

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USD/CHF: Swiss Franc trading higher in Asian session

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.28% against the CHF and closed at 0.9321. In the US, trade deficit increased to $46.3 billion in January, compared to a deficit of $40.3 billion posted in December. Additionally, monthly … Continue reading →

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USD/CAD: CAD trading marginally higher this morning

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 0.9751. In Canada, trade surplus fell to C$116.0 million in January, compared to a revised C$1.7 billion surplus in December. In the Asian session … Continue reading →

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AUD/USD: Continues its downtrend this morning

Posted on March 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.89% against the USD to close at 1.0008. In the Asian session at 4:00GMT, the pair is trading at 1.0032, 0.24% lower from the New York session close. LME Copper prices … Continue reading →

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Gold: Gold slides as dollar, Chinese data prompt profit-taking; trading higher in Asian session

Posted on March 11, 2011 by GCI Financial

Gold prices traded lower by 1.44% against the USD in the 24 hour period ending 23:00GMT, at 1,410.89 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,415.13 per ounce, 0.30% higher from 23:00GMT. The pair … Continue reading →

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Silver: Trading higher in Asian session

Posted on March 11, 2011 by GCI Financial

Silver prices declined 2.38 % to USD 35.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.34 per ounce, 0.31% higher, from 23:00GMT. The first level of short term … Continue reading →

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Crude oil: After a sharp decline yesterday, trading flat in Asian session

Posted on March 11, 2011 by GCI Financial

Oil prices declined 1.71% against the USD for the 24 hour period ending 23:00GMT, closing at 102.61, amid fall in the US stocks, strengthening dollar and trade deficit in China, raising concerns of a downfall in the energy demand. At … Continue reading →

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