Daily Archives: March 25, 2011

Portugal downgraded

Posted on March 25, 2011 by GCI Financial

Risk sentiment has been stable in Asian hours, with most regional stock market indices trading in the black. The improvement in sentiment was mostly a reaction to yesterday’s constructive performance of US equities, which advanced on the back of several better-than-expected earnings releases. Continue reading →

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EUR/USD: Euro withstands collapse of Portugal government, trading marginally lower this morning

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4176, even after Portugal’s opposition party rejected austerity plans aimed at dealing with the nation’s staggering debt load. In the EU, composite Purchasing Managers … Continue reading →

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GBP/USD: GBP tumbles on retail sales report

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.6122. The Bank of England’s (BoE) chief economist, Spencer Dale warned that the inflation could remain high for some time to come and also … Continue reading →

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USD/JPY: Trading flat in Asian session

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 81.01. In Japan, today morning, national core consumer price index (CPI), on yearly basis, fell by 0.3% in March. Additionally, corporate service price index … Continue reading →

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USD/CHF: Trading flat in Asian session

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.03% against the CHF and closed at 0.9077. In the US, initial jobless claims, on weekly basis declined to 382,000 for the week ended on 19 March 2011, compared to 387,000 … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD to close at 0.9760. In the US, durable goods orders contracted by 0.9% (M-o-M) in February from 3.6% rise in January. Additionally, the orders for durable goods … Continue reading →

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AUD/USD: Pair trading marginally above its 50 Hr MA

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.77% against the USD to close at 1.0204. In the Asian session at 4:00GMT, the pair is trading at 1.0195, 0.09% lower from the New York session close. LME Copper prices … Continue reading →

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Gold: Trading above its alleviated levels

Posted on March 25, 2011 by GCI Financial

Gold prices traded lower by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1,431.43 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,433.13 per ounce, 0.12% higher from 23:00GMT. The pair … Continue reading →

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Silver: Trading higher in Asian session

Posted on March 25, 2011 by GCI Financial

Silver prices traded flat 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 37.39 per ounce, 0.11% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil prices stable amid ongoing Middle East unrest, trading higher this morning

Posted on March 25, 2011 by GCI Financial

Oil prices advanced 0.02% against the USD for the 24 hour period ending 23:00GMT, closing at 105.46. At GMT 0400, Oil is trading at USD 105.60 per barrel in the Asian session, 0.13% higher from 23:00GMT. The pair has its … Continue reading →

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