Daily Archives: March 16, 2011

FX Markets remain slightly nervous

Posted on March 16, 2011 by GCI Financial

FX markets remained nervous during the Asia session although sentiment got a small boost after Japanese stocks rebounded. An FOMC statement which sounded a little more optimistic on the US economy also helped. USDJPY and USDCHF remain heavy however. EURUSD traded 1.3954-1.4013, USDJPY 80.69-81.17. Continue reading →

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EUR/USD: Euro slips on Japan crisis, disappointing German data

Posted on March 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3982. The EU finance commissioner, Michel Barnier stated that the EU cannot afford to delay proposals to restrict short selling over concerns that the … Continue reading →

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GBP/USD: GBP trading lower this morning

Posted on March 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.59% against the USD and closed at 1.6072. In the UK, leading indicator index rose by 0.4% (M-o-M) to 103 in January from 102.6 in December. Additionally, the Department of Communities … Continue reading →

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USD/JPY: Trading flat in Asian session

Posted on March 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.21% against the JPY and closed at 80.83, as fears of increase in nuclear crisis following earthquake and tsunami sent Tokyo’s stock market and global equities tumbling. In Japan, central bank … Continue reading →

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USD/CHF: Greenback trading higher this morning

Posted on March 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.87% against the CHF and closed at 0.9167. In the US, the National Association of Home Builders (NAHB) reported that the housing price index rose to 17.0 in March, following a … Continue reading →

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USD/CAD: Trading flat in Asian session

Posted on March 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.13% against the CAD to close at 0.9852. In the US, The Federal Reserve left its benchmark rate unchanged in the range of 0.0% to 0.25% and maintained its plan to … Continue reading →

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AUD/USD: AUD retreated on weak economic data; trading flat in Asian session

Posted on March 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.82% against the USD to close at 0.9903. In Australia, Westpac leading index declined to 3.5% in January, compared to 4.6% in the previous month. Additionally, housing starts fell by 5.3% … Continue reading →

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Gold: Japan fears pressure gold prices; trading higher in Asian session

Posted on March 16, 2011 by GCI Financial

Gold prices traded lower by 2.27% against the USD in the 24 hour period ending 23:00GMT, at 1,393.65 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,396.48 per ounce, 0.20% higher from 23:00GMT. The pair … Continue reading →

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Silver: Continue to trade lower this morning

Posted on March 16, 2011 by GCI Financial

Silver prices declined 4.75% to USD 34.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 34.03 per ounce, 0.21% lower from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude oil: Crude continue to plunge on Japan’s nuclear crises

Posted on March 16, 2011 by GCI Financial

Oil prices declined 3.70% against the USD for the 24 hour period ending 23:00GMT, closing at 97.64. In the US, API stated that crude-oil supplies rose by 91,000 barrels in the week ended March 11, less than market expectations. The … Continue reading →

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