Monthly Archives: March 2011

Silver: Trading higher in Asian session

Posted on March 21, 2011 by GCI Financial

Silver prices rose 2.12% to USD 35.24 per ounce on Friday during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 35.82 per ounce, 1.65% higher, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Crude oil: Oil rises as allied forces strike Libya, turmoil escalates in Middle East

Posted on March 21, 2011 by GCI Financial

Oil prices declined 1.79% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 101.52, after Libya’s foreign minister stated that the country would abide by the UN Security Council resolution and impose an immediate cease … Continue reading →

Posted in Crude Oil | Leave a comment

Concerted intervention of JPY agreed

Posted on March 18, 2011 by GCI Financial

In a surprise development, the Fed, the ECB, the Bank of England, and the Bank of Canada agreed to engage in “concerted intervention” with the Bank of Japan “on March 18, 2011″. Continue reading →

Posted in Market Snapshot | Leave a comment

EUR/USD: Continues to traded above 1.4000 following robust US data

Posted on March 18, 2011 by GCI Financial

For the 24 hours to 23:00GMT, EUR rose 0.66% against the USD and closed at 1.4013. In the EU, construction output rose by 1.8% (M-o-M) in January following a 2.0% decline in December. In the US, consumer price index (CPI) … Continue reading →

Posted in EUR/USD | Leave a comment

GBP/USD: GBP holds gains amid Japan nuclear uncertainty

Posted on March 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.67% against the USD and closed at 1.6125, as Japan’s escalating nuclear crisis boosted demand for safe haven currencies, weighing heavily on the greenback. In the UK, nationwide consumer confidence index … Continue reading →

Posted in GBP/USD | Leave a comment

USD/JPY: Gopher rallies as G7 agrees to coordinated intervention on yen’s behalf

Posted on March 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.64% against the JPY and closed at 79.16. In Japan, today, Finance Minister Yoshihiko Noda stated that the joint intervention by the Group of seven industrial nations in the foreign exchange … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Greenback trading higher in Asian session

Posted on March 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.17% against the CHF and closed at 0.8981. In Switzerland, industrial production rose by 7.4% in 4Q2010 from 3Q2010. Additionally, Swiss National Bank, left its key interest rate, it’s the three-month … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: Beaver trading below its MA’s

Posted on March 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.72% against the CAD to close at 0.9854. In Canada, wholesale sales rose by 1.5% (M-o-M) to C$46.7 billion in January from upwardly revised 1.2% increase in December. Additionally, foreign investment … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: AUD trading higher this morning

Posted on March 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.08% against the USD to close at 0.9785. In the US, industrial production declined by 0.1% in February following an upwardly revised growth of 0.3% in January. Additionally, capacity utilization rate … Continue reading →

Posted in AUD/USD | Leave a comment

Gold: Continues to shine this morning

Posted on March 18, 2011 by GCI Financial

Gold prices traded higher by 1.06% against the USD in the 24 hour period ending 23:00GMT, at 1,406.65 per ounce, as increasing unrest in northern Africa and the Middle East spurred demand for the precious metal. Gains in the yellow … Continue reading →

Posted in Gold | Leave a comment

Silver: Trading above its MA’s

Posted on March 18, 2011 by GCI Financial

Silver prices rose 1.86% to USD 34.51 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 34.86 per ounce, 1.01% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment