Monthly Archives: March 2011

Crude oil: Trading lower in Asian session

Posted on March 15, 2011 by GCI Financial

Oil prices advanced 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 101.61, following concerns that instability in the Middle East may increase after Saudi Arabia sent its troops into Bahrain. Investors await the oil inventory … Continue reading →

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Silver: Trading sharply lower this morning

Posted on March 15, 2011 by GCI Financial

Silver prices declined 1.49% to USD 35.81 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 34.76 per ounce, 2.93% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold drops as commodities, equities tumble on Japanese crisis

Posted on March 15, 2011 by GCI Financial

Gold prices traded lower by 0.19% against the USD in the 24 hour period ending 23:00GMT, at 1,426.48 per ounce, snapping a two-day advance, as Japan’s strongest quake and a worsening nuclear accident spurred concern that the global economic recovery … Continue reading →

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AUD/USD: Pair trading well below its MA’s

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0098. In Australia, Assistant Governor of the Reserve Bank of Australia, Guy Debelle stated that growth over the next few years will be investment-intensive … Continue reading →

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USD/CAD: USD erases losses as crude retreats after Japan quake; continue to trade higher this morning

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 0.9736. In Canada, capacity utilization rose to 76.4% in 4Q FY2010 compared to a 76.2% rate posted in 3Q FY2010. In the Asian session … Continue reading →

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USD/CHF: Trading flat in Asian session

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.29% against the CHF and closed at 0.9240. In the Asian session, at 4:00GMT, the pair is trading at 0.9238, 0.02% lower from the New York session close. The pair has … Continue reading →

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USD/JPY: Rebounds from near record low after Japan quake; down in Asian session

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.50% against the JPY and closed at 81.70. The BoJ, offered to inject Â¥5 trillion into the money markets while limiting the bond purchase to ease the market jitters amid the … Continue reading →

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GBP/USD: Pair trading above 50 hour MA

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6178. The pair opened the Asian session at 1.6178, and is trading at 1.6099 at 4.00GMT. The pair is trading 0.49% lower from the … Continue reading →

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EUR/USD: Trading lower this morning

Posted on March 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.3993, after the European Union leaders decided to widen the scope of a rescue fund aimed at resolving the debt crisis and reduce the … Continue reading →

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Focus on BoJ

Posted on March 14, 2011 by GCI Financial

USDJPY fell sharply to a low of 80.60 during the Asia session but soon reversed course after the BoJ announced Y12 trn worth of same-day liquidity operations. There was no FX reaction to the BoJ’s later decision to raise the ceiling on its asset purchase facility to Y10 trn from Y5 trn previously. EURUSD traded 1.3917-1.3985, USDJPY 80.60-82.45. Continue reading →

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Crude oil: Crude straddles below $100-a-barrel in Asian session, with focus on Japan

Posted on March 14, 2011 by GCI Financial

Oil prices declined 1.98% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 100.58, after a massive earthquake and tsunami devastated northeastern Japan and threatened to send the world’s third-largest economy into recession. At GMT … Continue reading →

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