Monthly Archives: March 2011

USD/CAD: Trading flat this morning

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9710. In the US, IBD/TIPP Economic Optimism Index fell to 43 in March from a rise to 50.9 in February. In Canada, seasonally adjusted … Continue reading →

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USD/CHF: Swissy trading above its MA’s

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.95% against the CHF and closed at 0.9351. In Switzerland, unadjusted jobless rate dropped to 3.6% in February below market expectations at 3.7%, compared with the 3.8% in January. Meanwhile, seasonally … Continue reading →

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USD/JPY: Investors awaits GDP data in Japan

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.51% against the JPY and closed at 82.66. In Japan, today, BoJ Governor Masaaki Shirakawa stated that central banks shouldn’t too much focus on near-term inflation developments as it could damage … Continue reading →

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GBP/USD: Greenback edges higher as crude prices pull back

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.6162. In the UK, BRC Shop Price Index rose to 2.7% (M-o-M) in February compared to 2.5% in January. The pair opened the Asian … Continue reading →

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EUR/USD: EUR extended its losses in Asian session

Posted on March 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.49% against the USD and closed at 1.3903. In Germany, factory orders seasonally adjusted rose 2.9% (M-o-M) in January from the 3.4% drop reported in December. Additionally, trade deficit in France … Continue reading →

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NZD recovered some lost ground against the dollar

Posted on March 8, 2011 by GCI Financial

FX markets were largely range-bound until the end of the Asia session, although the NZD recovered some lost ground against the dollar, and the CHF sold off against both the euro and the dollar as Europe walked in. EURUSD traded 1.3956-1.3989, USDJPY 82.16-82.38. Continue reading →

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Crude Oil: Investors await the API oil inventory reports

Posted on March 8, 2011 by GCI Financial

Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 104.75, as fight in Libya continued thus keeping investors worried about the possibility of spreading of unrest to other key oil-producing countries in the … Continue reading →

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Silver: Maintaining its elevated level this morning

Posted on March 8, 2011 by GCI Financial

Silver prices rose 0.67% to USD 35.87 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.87 per ounce, flat, from 23:00GMT. The first level of short term resistance on … Continue reading →

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Gold: Trading steady this morning

Posted on March 8, 2011 by GCI Financial

Gold prices traded lower by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1,431.23 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,431.40 per ounce, 0.01% higher from 23:00GMT. The pair … Continue reading →

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AUD/USD: Australia Business Confidence Rises

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.37% against the USD to close at 1.0118. According to a monthly survey by The National Australia Bank, Australian business confidence rose to 14 points in February, from a reading of … Continue reading →

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USD/CAD: CAD losses steam, as Canadian building permits fall

Posted on March 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9725, after building permits in Canada declined by 5.1% (M-o-M) to C$5.4 billion in January following a growth of 2.6% in the previous month. … Continue reading →

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