Daily Archives: March 22, 2011

Risk sentiment stabilizes

Posted on March 22, 2011 by GCI Financial

Risk sentiment has been stable in Asian hours, mainly as a reaction to more stable conditions at Japan’s nuclear reactors and yesterday’s constructive performance in US stock markets. Prime Minister Kan said that the nuclear situation is getting better bit by bit and that a reconstruction plan must be prepared. Nevertheless more progress is needed before the situation can be evaluated as safe. Continue reading →

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EUR/USD: Euro rose, as Trichet signaled rate increase likely; Trading flat this morning

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.30% against the USD and closed at 1.4217. The European Central Bank (ECB) President, Jean-Claude Trichet signaled that the ECB is likely to increase interest rates tentatively in the next month. … Continue reading →

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GBP/USD: Greenback backpedals versus Sterling on discouraging housing data, trading flat in Asian session

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6308. In the US, National Association of Realtors reported that the existing home sales in the US contracted by 9.6% (M-o-M) in February compared … Continue reading →

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USD/JPY: Greenback trading lower in Asian session

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.53% against the JPY and closed at 81.24 as investors took comfort in stabilizing nuclear reactor situation in Japan and as the after-effects of the G7 intervention continued to be felt. … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.33% against the CHF and closed at 0.9052. The M3 money supply, on annual basis, in Switzerland rose by 7.7% (Y-o-Y) in February following a 6.8% rise in January. In the … Continue reading →

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USD/CAD: Trading flat; Awaiting data on retail sales in Canada later today

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.53% against the CAD to close at 0.9790. In the US, Federal Reserve Bank of Chicago reported that its headline national activity index fell to -0.04 in February, following a reading … Continue reading →

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AUD/USD: Aussie holding above the 1.005 level

Posted on March 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.08% against the USD to close at 1.0059. In the Asian session at 4:00GMT, the pair is trading at 1.0056, 0.03% lower from the New York session close. LME Copper prices … Continue reading →

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Gold: Gold rallies on Middle East unrest, softer dollar

Posted on March 22, 2011 by GCI Financial

Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1,426.50 per ounce, as conflict in Libya and nuclear crisis in Japan encouraged investors to choose precious metals as investment hedger. In the … Continue reading →

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Silver: Trading higher this morning

Posted on March 22, 2011 by GCI Financial

Silver prices rose 1.12% to USD 36.05 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 36.20 per ounce, 0.42% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Trading flat this morning

Posted on March 22, 2011 by GCI Financial

Oil prices declined 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 102.35. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. At GMT 0400, Oil is trading at … Continue reading →

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