Daily Archives: March 30, 2011

Portuguese second downgrade in less than a week

Posted on March 30, 2011 by GCI Financial

S&P downgraded Portugal to BBB-, the second downgrade in less than a week, and also cut Greece’s sovereign rating to BB- from BB+ Continue reading →

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EUR/USD: EUR trading lower this morning, European debt worries deepen as S&P downgrades Portugal, Greece

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4111. In Germany, the GfK consumer sentiment index fell to 5.9 for April, following a reading of 6.0 posted for March. The consumer price … Continue reading →

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

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6008. The Bank of England (BoE) policy maker, Martin Weale stated that the UK inflation may rise more that the BoE forecast. In the … Continue reading →

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USD/JPY: Greenback advances on Bullard comment

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.83% against the JPY and closed at 82.41, after St. Louis Federal Reserve President, James Bullard indicated that the US monetary authorities might have to start lay ground for gradual tightening … Continue reading →

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USD/CHF: Swiss Franc trading lower in Asian session

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CHF and closed at 0.9204. In Switzerland, UBS consumption indicator declined to 1.46 in February from 1.66 in January. In the US, consumer confidence index fell to a … Continue reading →

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USD/CAD: Loonie advances on higher oil prices, trading flat in Asian session

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD to close at 0.9742. In the US, the S&P/Case-Shiller home price index fell at an annual rate of 3.1% in January, following a 2.4% drop recorded in … Continue reading →

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AUD/USD: Australian dollar hits 29-year high on commodity demand, trading lower this morning

Posted on March 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.51% against the USD to close at 1.0290. In the Asian session at 3:00GMT, the pair is trading at 1.0279, 0.11% lower from the New York session close. LME Copper prices … Continue reading →

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Gold: Risk appetite curtails gold prices

Posted on March 30, 2011 by GCI Financial

Gold prices traded lower by 0.23% against the USD in the 24 hour period ending 23:00GMT, at 1,417.30 per ounce, as investor’s choose to focus on stronger equities markets. In the Asian session at 3:00GMT, gold is trading at USD … Continue reading →

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Silver: Trading lower this morning

Posted on March 30, 2011 by GCI Financial

Silver prices declined 0.32% to USD 37.02 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.94 per ounce, 0.22% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil prices climb as Libya uncertainty persists, trading lower this morning

Posted on March 30, 2011 by GCI Financial

Oil prices advanced 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 104.41, lifted by doubts over the resumption of Libyan crude exports and as US stock market rallied. Late yesterday, the American Petroleum Institute reported … Continue reading →

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