Daily Archives: March 17, 2011

USDJPY slightly recovers lost ground

Posted on March 17, 2011 by GCI Financial

USDJPY recovered during the Asia session as liquidity conditions improved, but not before a new all-time low was reached at 76.36 (according to Bloomberg data). Japanese government officials also downplayed expectations that domestic insurers may be forced to repatriate assets to cover the cost of insurance payouts. EURUSD traded 1.3867-1.3968, USDJPY 76.36-80.28. Continue reading →

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EUR/USD: Euro eases after Portugal debt downgrade, trading flat this morning

Posted on March 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD and closed at 1.3921, after Moody’s downgraded Portugal’s debt rating by two levels, highlighting concerns that European officials would not be able to prevent a wider sovereign … Continue reading →

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GBP/USD: Pair trading below its MA’s

Posted on March 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.34% against the USD and closed at 1.6018. In the UK, claimant count rate remained unchanged at 4.5% in February. Additionally, the average earnings including bonus grew 2.3% (Y-o-Y) for the … Continue reading →

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USD/JPY: Greenback hits new 15-year low versus yen, near post-war worst, trading higher in Asian session

Posted on March 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 2.68% against the JPY and closed at 78.66, as fears over the nuclear crisis in Japan deepened more and amid speculation that the Japanese government may interfere to control the rise … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on March 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.87% against the CHF and closed at 0.8996. In Switzerland, ZEW economic sentiment index rose to 13.5 in March compared to the 17.2 in the previous month. Meanwhile, the current situation … Continue reading →

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USD/CAD: Pair trading above its MA’s

Posted on March 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.74% against the CAD to close at 0.9925. In Canada, manufacturing shipments rose by 4.5% (M-o-M) in January from 0.6% rise in December. In the US, current account deficit narrowed to … Continue reading →

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AUD/USD: AUD trading higher in Asian session

Posted on March 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.11% against the USD to close at 0.9793. In Australia, number of new dwelling unit commencements declined by 5.3% to 37,897 in 4Q2011 compared to 3Q2010. In the US, MBA mortgage … Continue reading →

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Gold: Trading flat this morning

Posted on March 17, 2011 by GCI Financial

Gold prices traded lower by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,391.85 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1392.53 per ounce, 0.05% higher from 23:00GMT. The pair … Continue reading →

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Silver: Trading higher in Asian session

Posted on March 17, 2011 by GCI Financial

Silver prices declined 0.65% to USD 33.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.92 per ounce, 0.12% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude oil: Crude recovers losses in Asian session, as Japan aims to restore power to reactors

Posted on March 17, 2011 by GCI Financial

Oil prices declined 0.70% against the USD for the 24 hour period ending 23:00GMT, closing at 96.96. In the US, Energy Information Administration (EIA) reported that, crude oil inventories rose by 1.7 million barrels in the week ending on March … Continue reading →

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