Daily Archives: March 21, 2011

Risk sentiment has improved

Posted on March 21, 2011 by GCI Financial

Risk sentiment has improved early Monday, mainly on signs of further progress at a crippled Japanese nuclear plant, with US Energy Secretary Steven Chu saying that the Obama administration believes the worst of Japan’s nuclear crisis is over. As a result US stock futures are trading 0.7% higher. EURUSD traded in a 1.4160-1.4181 range overnight and USDJPY traded 80.73-81.04. Continue reading →

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EUR/USD: Pair trading above its MA’s

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.19% against the USD on Friday and closed at 1.4180. On a seasonally adjusted basis, the trade deficit in the Euro-zone widened to €3.3 billion in January from trade deficit of … Continue reading →

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GBP/USD: GBP trading lower this morning

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD on Friday and closed at 1.6230. In the UK, the Rightmove House Price Index rose by 0.8% (M-o-M) in March from 3.1% increase in February. The pair … Continue reading →

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USD/JPY: Gopher rises steadily after the G7 intervention

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 1.79% against the JPY on Friday and closed at 80.58, as G7 countries agreed to take steps to curb the Yen’s post earthquake rise. In Japan, on Friday, leading index stood … Continue reading →

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USD/CHF: Swiss Franc continues to trade lower this morning

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.28% against the CHF on Friday and closed at 0.9006. In Switzerland, producer and import price index rose by 0.2% (M-o-M) in February from a 0.1% rise in January. In the … Continue reading →

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USD/CAD: Pair showing convergence with its MA’s

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD on Friday to close at 0.9839 . On an annual basis, the consumer price index (CPI) in Canada rose 2.2% in February, following a 2.3% increase posted … Continue reading →

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AUD/USD: AUD trading higher in Asian session

Posted on March 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.71% against the USD on Friday to close at 0.9952. In the Asian session at 4:00GMT, the pair is trading at 1.0003, 0.51% higher from the New York session close. LME … Continue reading →

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Gold: Yellow metal continues to shine this morning

Posted on March 21, 2011 by GCI Financial

Gold prices traded higher by 0.85% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,418.61 per ounce, as global uncertainty continued to unnerve investors. In the Asian session at 4:00GMT, gold is trading at USD … Continue reading →

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Silver: Trading higher in Asian session

Posted on March 21, 2011 by GCI Financial

Silver prices rose 2.12% to USD 35.24 per ounce on Friday during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.82 per ounce, 1.65% higher, from 23:00GMT. The first level of short … Continue reading →

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Crude oil: Oil rises as allied forces strike Libya, turmoil escalates in Middle East

Posted on March 21, 2011 by GCI Financial

Oil prices declined 1.79% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 101.52, after Libya’s foreign minister stated that the country would abide by the UN Security Council resolution and impose an immediate cease … Continue reading →

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