Daily Archives: March 31, 2011

Price action lacked conviction during the Asia session

Posted on March 31, 2011 by GCI Financial

Price action lacked conviction during the Asia session, although the dollar lost some ground against the euro. EURUSD traded 1.4116-1.4167 and USDJPY 82.57-83.21. Continue reading →

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USD/JPY: Greenback gains on speculation global economic recovery picking up, trading lower in Asian session

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.84% against the JPY and closed at 83.10. In Japan, today morning, the Nomura/ JMMA Manufacturing Purchasing Manager Index declined to 46.4 in March from a reading of 52.9 in February. … Continue reading →

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EUR/USD: Euro edges up marginally on rate rise expectations

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.06% against the USD and closed at 1.4120, after European Central Bank member, Lorenzo Bini Smaghi indicated that the ECB may hike rates in a series rather than just one-off rate … Continue reading →

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GBP/USD: Pair trading above its MA’s

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6068. In the UK, Gfk consumer confidence steadied at -28 in March, unchanged from the score recorded in the previous month The Confederation of … Continue reading →

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USD/CHF: Trading flat this morning

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.21% against the CHF and closed at 0.9185. In Switzerland, KOF Institute’s economic barometer showed a rise to a reading of 2.24 in March, the third consecutive monthly rise, from an … Continue reading →

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USD/CAD: Canadian dollar climbs as investors chase commodity currencies, trading flat in Asian session

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.29% against the CAD to close at 0.9714. In Canada, on a monthly basis, the industrial product prices rose by 0.7% in February, following a 0.4% rise recorded in the previous … Continue reading →

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AUD/USD: Australian dollar rises after retail sales data

Posted on March 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 1.0313, after a government report showed retail sales in Australia increased more-than-forecasted in February. In Australia, building permits rises to -21.8% (Y-o-Y) in February … Continue reading →

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Gold: Yellow metal rises, Mideast unrest lends support

Posted on March 31, 2011 by GCI Financial

Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1,423.00 per ounce, amid broad support from unrest in the Middle East and North Africa. In the Asian session at 3:00GMT, gold is … Continue reading →

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Silver: Silver prices continue to rise in Asian session

Posted on March 31, 2011 by GCI Financial

Silver prices rose 1.11% to USD 37.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.66 per ounce, 0.61% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude prices down after EIA data, trading higher this morning

Posted on March 31, 2011 by GCI Financial

Oil prices declined 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 104.22, after a US government report showed sharp crude stocks rise. The Energy Information Administration, reported that the US crude oil inventories increased by … Continue reading →

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