Daily Archives: March 24, 2011

Better-than-expected New Zealand growth data

Posted on March 24, 2011 by GCI Financial

In the absence of any negative news, risk sentiment has been broadly stable in Asian hours. Better-than-expected New Zealand growth data, Japanese manufacturers starting to produce again, and constructive earnings releases in China have all contributed to the steadier tone. Continue reading →

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USD/JPY: Greenback trading higher in Asian session

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 80.89. In Japan, today morning, trade balance showed a surplus of Â¥654.11 billion in February, following a deficit of Â¥471.4 billion recorded in January. … Continue reading →

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EUR/USD: Euro pulls back versus greenback as Portugal debates austerity

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.61% against the USD and closed at 1.4098, after Portugal’s parliament rejected Prime Minister Jose Socrates’s plan to impose further austerity, after the opposition voted against a government plan to impose … Continue reading →

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GBP/USD: Trading flat in Asian session

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.6243. In the UK, six out of nine members of Monetary Policy Committee of Bank of England (BoE), including Governor Mervyn King, continued to … Continue reading →

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USD/CHF: Greenback trading higher this morning

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9080. The Federal Reserve Bank of Dallas President, Richard W. Fisher stated that no further monetary stimulus will be needed after the US Federal … Continue reading →

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

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9803. In the US, new home sales dropped to an annual rate of 250,000 in February, compared to the figure of 301,000 in the … Continue reading →

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AUD/USD: Trading flat this morning

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0126. In Australia, Leading Index declines to 0.1% (M-o-M) in January from 0.7% in December. In the Asian session at 4:00GMT, the pair is … Continue reading →

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Gold: Yellow metal advances on Middle East unrest, trading flat in Asian session

Posted on March 24, 2011 by GCI Financial

Gold prices traded higher by 0.68% against the USD in the 24 hour period ending 23:00GMT, at 1,437.80 per ounce, as ongoing concerns in Libya and unrest in other parts of North Africa and the Middle East, supported the prices … Continue reading →

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Silver: Trading lower this morning

Posted on March 24, 2011 by GCI Financial

Silver prices rose 2.81% to USD 37.35 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 37.28 per ounce, 0.19% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Trading marginally lower in Asian session

Posted on March 24, 2011 by GCI Financial

Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 105.44, as fight in Libya and antigovernment protests in the Middle East rose supply concerns. The Energy Information Administration reported that inventories of crude … Continue reading →

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