Follow GCI News
-
Recent Posts
- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
Post News
Monthly Archives: March 2011
USD/JPY: JPY trending marginally higher
For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY on Friday and closed at 82.28. In Japan, today, the Ministry of Finance (MOF) reported that, foreign exchange reserves dropped to $1.091 trillion at the end of … Continue reading
Posted in USD/JPY
Leave a comment
GBP/USD: Drifting lower this morning after a flat close on Friday
For the 24 hours to 23:00 GMT, GBP rose 0.01% against the USD on Friday and closed at 1.6271. In the US, factory orders rose by 3.1% (M-o-M) in January from upwardly revised 1.4% the previous month, beating market expectations. … Continue reading
Posted in GBP/USD
Leave a comment
EUR/USD: Holding well above the 1.3950 levels
For the 24 hours to 23:00 GMT, EUR rose 0.20% against the USD on Friday and closed at 1.3987, as oil prices surged sharply, increasing investors worries that high energy prices will hinder growth. ECB President Trichet, stated that rise … Continue reading
Posted in EUR/USD
Leave a comment
The dollar stabilized against the euro after yesterday’s heavy losses
The absence of news flow and economic data releases made for a quiet Asia session. The dollar stabilized against the euro after yesterday’s heavy losses in the wake of ECB President Trichet’s hawkish commentary. EURUSD traded 1.3930-1.3972, USDJPY 81.73-82.52. Continue reading
Posted in Market Snapshot
Leave a comment
Crude Oil: Recoups from yesterday’s fall
Oil prices declined 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 101.72, on the news that attempts to mediate a peace agreement in Libya were in progress. At GMT 0400, Oil is trading at USD … Continue reading
Posted in Crude Oil
Leave a comment
Silver: Continues to witness high volatility
Silver prices declined 1.07% to USD 34.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 34.40 per ounce, 0.47% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
Leave a comment
Gold: Regaining some losses this morning
Gold prices traded lower by 1.33% against the USD in the 24 hour period ending 23:00GMT, at 1,415.51 per ounce, after the ECB President’s statement that euro-zone interest rates could be raised in the next month to curb inflation. In … Continue reading
Posted in Gold
Leave a comment
AUD/USD: Witnessing flat trading this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.31% against the USD to close at 1.0130. In the Asian session at 4:00GMT, the pair is trading at 1.0130, flat from the New York session close. LME Copper prices rose … Continue reading
USD/CAD: Trading within a tight range
For the 24 hours to 23:00 GMT, USD declined 0.04% against the CAD to close at 0.9724. In the US, the non-farm productivity growth came in unrevised at 2.6% in 4Q FY2010 in line with market expectations. In the Asian … Continue reading
Posted in USD/CAD
Leave a comment
USD/CHF: Steady this morning; USD holding on to yesterday’s gains
For the 24 hours to 23:00 GMT, USD rose 0.93% against the CHF and closed at 0.9321. In Switzerland, retail sales fell by 2.6% (M-o-M) in January, compared to drop by 0.8% in December. In the Asian session, at 4:00GMT, … Continue reading
Posted in USD/CHF
Leave a comment
USD/JPY: Trading marginally lower after witnessing gains yesterday
For the 24 hours to 23:00 GMT, USD strengthened 0.66% against the JPY and closed at 82.35. In the US, service sector activity increased to 59.7 in February, compared to 59.4 in January. In the Asian session at 4:00GMT, the … Continue reading
Posted in USD/JPY
Leave a comment