Monthly Archives: March 2011

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

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9803. In the US, new home sales dropped to an annual rate of 250,000 in February, compared to the figure of 301,000 in the … Continue reading →

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AUD/USD: Trading flat this morning

Posted on March 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0126. In Australia, Leading Index declines to 0.1% (M-o-M) in January from 0.7% in December. In the Asian session at 4:00GMT, the pair is … Continue reading →

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Gold: Yellow metal advances on Middle East unrest, trading flat in Asian session

Posted on March 24, 2011 by GCI Financial

Gold prices traded higher by 0.68% against the USD in the 24 hour period ending 23:00GMT, at 1,437.80 per ounce, as ongoing concerns in Libya and unrest in other parts of North Africa and the Middle East, supported the prices … Continue reading →

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Silver: Trading lower this morning

Posted on March 24, 2011 by GCI Financial

Silver prices rose 2.81% to USD 37.35 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 37.28 per ounce, 0.19% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Trading marginally lower in Asian session

Posted on March 24, 2011 by GCI Financial

Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 105.44, as fight in Libya and antigovernment protests in the Middle East rose supply concerns. The Energy Information Administration reported that inventories of crude … Continue reading →

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Risk sentiment unstable

Posted on March 23, 2011 by GCI Financial

Risk sentiment has been unstable in overnight trading as concerns over potential radiation leaks from Japan’s nuclear plant intensify and after further aftershocks struck the northern part of Japan early on Wednesday. The Nikkei 225 closed 1.65% lower. Continue reading →

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EUR/USD: Euro backpedals, as sovereign debt concerns resurface

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.4184, amid worries that Ireland is having trouble paying off its debt, bringing sovereign-debt worries in the region again to the forefront. In the … Continue reading →

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GBP/USD: GBP surges on interest hike expectations, trading flat in Asian session

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD and closed at 1.6365. The Bank of England’s Monetary Policy Committee member Andrew Sentence, stated that, there is a risk that the committee may be forced into … Continue reading →

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USD/JPY: Greenback trading lower in the Asian session

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.28% against the JPY and closed at 81.01. In Japan, yesterday, all industry activity index rose by 2.9% in January following a 0.2% fall in December. Additionally, today, Bank of Japan … Continue reading →

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

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.9036. The SNB Chairman Philipp Hildebrand stated that, demand for Switzerland’s exports remains “remarkably resilient” but stronger Franc may lead to a slowdown in … Continue reading →

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USD/CAD: Trading flat this morning

Posted on March 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CAD to close at 0.9810. US Treasury Secretary, Timothy Geithner informed policy makers and entrepreneurs that the US small businesses need greater access to capital to spur innovation. … Continue reading →

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