Daily Archives: May 2, 2011

Dollar strengthened across the board shortly

Posted on May 2, 2011 by GCI Financial

US President Obama announced that Osama Bin Laden has been killed by US forces in Pakistan. The dollar strengthened across the board shortly after the news broke. In fact, a nervous open by precious metals had already set the dollar on a strengthening trajectory. EURUSD traded 1.4763-1.4864, and USDJPY 81.00-81.69. Continue reading →

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EUR/USD: Euro continues to trade lower today morning

Posted on May 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.21% against the USD and closed at 1.4808. Eurozone consumer price inflation flash estimate for the month of April surged to 2.8%. Also, the unemployment rate in the Eurozone was 9.9% … Continue reading →

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GBP/USD: Pound gives up some gains in the Asian session

Posted on May 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.34% against the USD and closed at 1.6699. In the US, personal income rose 0.5%, while spending rose 0.6% in March. Additionally, the Thomson Reuters/University of Michigan final index of consumer … Continue reading →

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USD/JPY: Japanese Yen lower this morning, after a Friday surge led by speculation of intervention by the BoJ

Posted on May 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.44% against the JPY and closed at 81.22. The Japanese Yen appreciated against the greenback on Friday, as speculation for a currency intervention resurfaced. Japan’s Ministry of Finance stated that the … Continue reading →

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USD/CHF: Swiss Franc rises to record after Hildebrand comment, KOF data. Trading lower this morning

Posted on May 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.92% against the CHF and closed at 0.8651, after Philipp Hildebrand, President of Swiss National Bank, stated that price stability may be threatened by higher commodity prices and expansionary monetary policy. … Continue reading →

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USD/CAD: Loonie trading lower in Asian session

Posted on May 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.59% against the CAD to close at 0.9447. In Canada, real GDP decreased 0.2% in February, following a rise of 0.5% in January. In the Asian session at 3:00GMT, the pair … Continue reading →

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AUD/USD: Continues to add to previous session gains

Posted on May 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded 0.32% higher against the USD to close at 1.0970. In the morning news, the Australian Bureau of Statistics reported that the average price for a home in Australia was down 1.7% … Continue reading →

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Gold: Yellow metal fades, trading lower this morning

Posted on May 2, 2011 by GCI Financial

Gold prices traded higher by 1.76% against the USD in the 24 hour period ending 23:00GMT, at 1562.90 per ounce, as weakness in the dollar and concerns over inflation increased the demand for the precious metal. In the Asian session … Continue reading →

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Silver: Silver tumbles in Asian trading after six-week surge

Posted on May 2, 2011 by GCI Financial

Silver prices declined 1.14% to USD47.84 per ounce during the 24 hours ending 23:00GMT, amid profit taking after the white metal prices recorded the highest in 28 years. In the Asian session at 3:00GMT, silver is trading at USD43.37 per … Continue reading →

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Crude Oil: Oil prices eases in Asian trade

Posted on May 2, 2011 by GCI Financial

Oil prices advanced 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 113.85, amid weaker dollar and as investors remained cautious on fuel demand following the ongoing turmoil in North Africa and the Middle East. At … Continue reading →

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