Monthly Archives: March 2011

USD/JPY: USD continue to trade higher in Asian session

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.40% against the JPY and closed at 81.33. Finance Minister, Yoshihiko Noda stated that the Japanese government should not too readily rely on debt issuance to fund post-quake relief and reconstruction. … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.34% against the CHF and closed at 0.9199. The KOF economic institute reported that the Switzerland’s economy should pick up steam this year despite the strong Swiss franc, prompting the Swiss … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 0.9807. In economic news, the number of Canadians getting regular Employment Insurance (EI) assistance declined by 13,300 in January to 640,200. Federal Reserve Bank … Continue reading →

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AUD/USD: Trading flat in Asian session

Posted on March 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0265. Dallas Federal Reserve Bank President, Richard Fisher stated that the United States is flush with liquidity and any further stimulus would not help … Continue reading →

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Gold: Yellow metal falls as dollar strengthens

Posted on March 28, 2011 by GCI Financial

Gold prices traded lower by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1429.20 per ounce, as the dollar strengthened following the positive report on the US economy. In the Asian session at 3:00GMT, gold is … Continue reading →

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Silver: Silver backpedals, as investors book profits

Posted on March 28, 2011 by GCI Financial

Silver prices declined 0.08% to USD 37.32 per ounce during the 24 hours ending 23:00GMT, as investors booked profits. In the Asian session at 3:00GMT, silver is trading at USD 37.17 per ounce, 0.40% lower, from 23:00GMT. The first level … Continue reading →

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Crude Oil: Oil falls as European debt outweighs Mideast unrest

Posted on March 28, 2011 by GCI Financial

Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 105.55, amid concerns over oil supply following the ongoing civil war in Libya and political unrest in Middle East regions. At GMT 0300, Oil … Continue reading →

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Portugal downgraded

Posted on March 25, 2011 by GCI Financial

Risk sentiment has been stable in Asian hours, with most regional stock market indices trading in the black. The improvement in sentiment was mostly a reaction to yesterday’s constructive performance of US equities, which advanced on the back of several better-than-expected earnings releases. Continue reading →

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EUR/USD: Euro withstands collapse of Portugal government, trading marginally lower this morning

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4176, even after Portugal’s opposition party rejected austerity plans aimed at dealing with the nation’s staggering debt load. In the EU, composite Purchasing Managers … Continue reading →

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GBP/USD: GBP tumbles on retail sales report

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.6122. The Bank of England’s (BoE) chief economist, Spencer Dale warned that the inflation could remain high for some time to come and also … Continue reading →

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USD/JPY: Trading flat in Asian session

Posted on March 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 81.01. In Japan, today morning, national core consumer price index (CPI), on yearly basis, fell by 0.3% in March. Additionally, corporate service price index … Continue reading →

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