Monthly Archives: March 2011

GBP/USD: Trading flat this morning

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.5985. The Bank of England’s (BoE) Monetary Policy Committee member, Andrew Sentance indicated that the central bank might need to raise its key interest … Continue reading →

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USD/JPY: Yen falls on prospect global economic recovery gaining momentum, trading flat this morning

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.34% against the JPY and closed at 81.73. In Japan, today morning, the retail sales, on annual basis, rose by 1.0% in February, following a 0.1% rise in January. The unemployment … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.62% against the CHF and closed at 0.9165. In the US, National Association of Realtors (NAR) reported that the pending home sales index rose 2.1% (M-o-M) in February, following a 2.8% … Continue reading →

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USD/CAD: Loonie gains after Carney speech

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9782, following comments on the weekend by Bank of Canada governor, Mark Carney. He warned in a speech during the annual meeting of the … Continue reading →

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AUD/USD: Trading flat in Asian session

Posted on March 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.03% against the USD to close at 1.0238. In Australia, HIA New Home Sales declined by 0.6% (M-o-M) in February from 2.4% gain in January. In the Asian session at 3:00GMT, … Continue reading →

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Gold: Gold continues to slide on upbeat US economic data, stronger dollar

Posted on March 29, 2011 by GCI Financial

Gold prices traded lower by 0.33% against the USD in the 24 hour period ending 23:00GMT, at 1,420.50 per ounce, weighed by the better-than-expected US economic reports. Stronger dollar also forced gold prices to retreat. In the Asian session at … Continue reading →

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Silver: Trading lower this morning

Posted on March 29, 2011 by GCI Financial

Silver prices rose 0.11% to USD 37.14 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.92 per ounce, 0.59% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Oil prices drops as Libya rebels see oil exports soon, API weekly data awaited

Posted on March 29, 2011 by GCI Financial

Oil prices declined 1.48% against the USD for the 24 hour period ending 23:00GMT, closing at 103.86, after Libyan rebels advanced against Muammar Qaddafi’s troops, bolstering speculation the conflict in Africa’s third-largest crude producer may be resolved soon. Investors await … Continue reading →

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Risk sentiment has been more muted in overnight trading

Posted on March 28, 2011 by GCI Financial

Risk sentiment has been more muted in overnight trading, with most Asian stock market indices trading in the red amid weaker earnings releases and continuing worries over Japan’s Fukushima nuclear plant. The euro has been capped due to German Chancellor Merkel’s CDU party losing power in Baden-Wurttemberg for the first time in six decades. Continue reading →

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EUR/USD: EUR trading lower, as European summit failed to produce a coherent plan on sovereign debt crisis

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.4088. Though European Union officials agreed on a permanent bailout fund at a meeting in Brussels, no concrete steps were taken to bail out … Continue reading →

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GBP/USD: Greenback trading higher on positive GDP data

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD and closed at 1.6042. In the US economic data, on a sequential basis, the gross domestic product (GDP) grew 3.1% in the fourth quarter of 2010. The … Continue reading →

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