Monthly Archives: March 2011

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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Portuguese yields hit another record high

Posted on March 29, 2011 by GCI Financial

Risk sentiment was relatively stable in overnight hours, with most Asian stock market indices trading in the black. However, continuing uncertainty over Japan’s nuclear plants and the risk of rising radiation levels kept buying interest in Japanese stocks muted. US stock futures are trading 0.3% higher at the time of writing. EURUSD traded 1.4061-1.4095 and USDJPY traded 81.54-81.76. Continue reading →

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EUR/USD: Euro steadies despite lingering debt concerns

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.39% against the USD and closed at 1.4077, after European Central Bank President (ECB), Jean-Claude Trichet’s remarks raised expectations that the ECB could hike interest rates as soon as next month. … Continue reading →

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