Daily Archives: March 28, 2011

Risk sentiment has been more muted in overnight trading

Posted on March 28, 2011 by GCI Financial

Risk sentiment has been more muted in overnight trading, with most Asian stock market indices trading in the red amid weaker earnings releases and continuing worries over Japan’s Fukushima nuclear plant. The euro has been capped due to German Chancellor Merkel’s CDU party losing power in Baden-Wurttemberg for the first time in six decades. Continue reading →

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EUR/USD: EUR trading lower, as European summit failed to produce a coherent plan on sovereign debt crisis

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.4088. Though European Union officials agreed on a permanent bailout fund at a meeting in Brussels, no concrete steps were taken to bail out … Continue reading →

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GBP/USD: Greenback trading higher on positive GDP data

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD and closed at 1.6042. In the US economic data, on a sequential basis, the gross domestic product (GDP) grew 3.1% in the fourth quarter of 2010. The … Continue reading →

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USD/JPY: USD continue to trade higher in Asian session

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.40% against the JPY and closed at 81.33. Finance Minister, Yoshihiko Noda stated that the Japanese government should not too readily rely on debt issuance to fund post-quake relief and reconstruction. … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.34% against the CHF and closed at 0.9199. The KOF economic institute reported that the Switzerland’s economy should pick up steam this year despite the strong Swiss franc, prompting the Swiss … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 0.9807. In economic news, the number of Canadians getting regular Employment Insurance (EI) assistance declined by 13,300 in January to 640,200. Federal Reserve Bank … Continue reading →

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AUD/USD: Trading flat in Asian session

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0265. Dallas Federal Reserve Bank President, Richard Fisher stated that the United States is flush with liquidity and any further stimulus would not help … Continue reading →

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Gold: Yellow metal falls as dollar strengthens

Posted on March 28, 2011 by GCI Financial

Gold prices traded lower by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1429.20 per ounce, as the dollar strengthened following the positive report on the US economy. In the Asian session at 3:00GMT, gold is … Continue reading →

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Silver: Silver backpedals, as investors book profits

Posted on March 28, 2011 by GCI Financial

Silver prices declined 0.08% to USD 37.32 per ounce during the 24 hours ending 23:00GMT, as investors booked profits. In the Asian session at 3:00GMT, silver is trading at USD 37.17 per ounce, 0.40% lower, from 23:00GMT. The first level … Continue reading →

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Crude Oil: Oil falls as European debt outweighs Mideast unrest

Posted on March 28, 2011 by GCI Financial

Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 105.55, amid concerns over oil supply following the ongoing civil war in Libya and political unrest in Middle East regions. At GMT 0300, Oil … Continue reading →

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