Daily Archives: March 15, 2011

Markets turn risk averse

Posted on March 15, 2011 by GCI Financial

Markets turned severely risk-averse during the Asia session amid reports that another explosion at a malfunctioning nuclear power facility may have ruptured the reactor’s outer protective casing, allowing much larger quantities of radioactive material to escape. Continue reading →

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Crude oil: Trading lower in Asian session

Posted on March 15, 2011 by GCI Financial

Oil prices advanced 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 101.61, following concerns that instability in the Middle East may increase after Saudi Arabia sent its troops into Bahrain. Investors await the oil inventory … Continue reading →

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Silver: Trading sharply lower this morning

Posted on March 15, 2011 by GCI Financial

Silver prices declined 1.49% to USD 35.81 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 34.76 per ounce, 2.93% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold drops as commodities, equities tumble on Japanese crisis

Posted on March 15, 2011 by GCI Financial

Gold prices traded lower by 0.19% against the USD in the 24 hour period ending 23:00GMT, at 1,426.48 per ounce, snapping a two-day advance, as Japan’s strongest quake and a worsening nuclear accident spurred concern that the global economic recovery … Continue reading →

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AUD/USD: Pair trading well below its MA’s

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0098. In Australia, Assistant Governor of the Reserve Bank of Australia, Guy Debelle stated that growth over the next few years will be investment-intensive … Continue reading →

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USD/CAD: USD erases losses as crude retreats after Japan quake; continue to trade higher this morning

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 0.9736. In Canada, capacity utilization rose to 76.4% in 4Q FY2010 compared to a 76.2% rate posted in 3Q FY2010. In the Asian session … Continue reading →

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USD/CHF: Trading flat in Asian session

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.29% against the CHF and closed at 0.9240. In the Asian session, at 4:00GMT, the pair is trading at 0.9238, 0.02% lower from the New York session close. The pair has … Continue reading →

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USD/JPY: Rebounds from near record low after Japan quake; down in Asian session

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.50% against the JPY and closed at 81.70. The BoJ, offered to inject Â¥5 trillion into the money markets while limiting the bond purchase to ease the market jitters amid the … Continue reading →

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GBP/USD: Pair trading above 50 hour MA

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6178. The pair opened the Asian session at 1.6178, and is trading at 1.6099 at 4.00GMT. The pair is trading 0.49% lower from the … Continue reading →

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EUR/USD: Trading lower this morning

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.3993, after the European Union leaders decided to widen the scope of a rescue fund aimed at resolving the debt crisis and reduce the … Continue reading →

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