Daily Archives: March 14, 2011

Focus on BoJ

Posted on March 14, 2011 by GCI Financial

USDJPY fell sharply to a low of 80.60 during the Asia session but soon reversed course after the BoJ announced Y12 trn worth of same-day liquidity operations. There was no FX reaction to the BoJ’s later decision to raise the ceiling on its asset purchase facility to Y10 trn from Y5 trn previously. EURUSD traded 1.3917-1.3985, USDJPY 80.60-82.45. Continue reading →

Posted in Market Snapshot | Leave a comment

Crude oil: Crude straddles below $100-a-barrel in Asian session, with focus on Japan

Posted on March 14, 2011 by GCI Financial

Oil prices declined 1.98% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 100.58, after a massive earthquake and tsunami devastated northeastern Japan and threatened to send the world’s third-largest economy into recession. At GMT … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading lower this morning

Posted on March 14, 2011 by GCI Financial

Silver prices rose 1.85 % to USD 35.88 per ounce on Friday during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.84 per ounce, 0.11% lower, from 23:00GMT. The first level of … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow Metal shines further amid worries over nuclear issues in Japan

Posted on March 14, 2011 by GCI Financial

Gold prices traded higher by 0.57% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,418.90 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,423.38 per ounce, 0.32% higher from 23:00GMT, … Continue reading →

Posted in Gold | Leave a comment

USD/CAD: USD higher this morning

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD on Friday to close at 0.9719. In Canada, employment increased by 15100 in February compared to an increase of 69200 in January. Meanwhile, unemployment rate remained unchanged … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Australian dollar slips in Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.45% against the USD on Friday to close at 1.0153. In the Asian session at 4:00GMT, the pair is trading at 1.0065, 0.87% lower from the New York session close. The … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CHF: Swiss Franc trading flat in the Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF on Friday and closed at 0.9297. In the Asian session, at 4:00GMT, the pair is trading at 0.9298, 0.01% higher from the New York session close. The … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: BoJ to inject $146 billion to stabilize markets after earthquake; USD trading higher in Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.33% against the JPY on Friday and closed at 81.88. In the US, New York Fed President William Dudley, indicated that the US economy has improved considerably in the past six … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Trading lower this morning

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD on Friday and closed at 1.6076. BoE Governor King stated that leading nations must agree on a “grand bargain” to rebalance the world economy to prevent the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Continues to rise in the Asian session

Posted on March 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.71% against the USD on Friday and closed at 1.3893. In Germany, CPI rose by 0.5% (M-o-M) in February, compared to a decline of 0.4% in January. Additionally, WPI rose to … Continue reading →

Posted in EUR/USD | Leave a comment