Daily Archives: May 3, 2011

RBA’s policy statement slightly more hawkish than the previous one

Posted on May 3, 2011 by GCI Financial

The price action during the Asia session was choppy and stop-loss driven. The RBA’s policy statement was slightly more hawkish than the previous one, but there was not enough of a rhetorical shift to materially affect AUDUSD. EURUSD traded 1.4772-1.4882, USDJPY 80.98-81.29 Continue reading →

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Crude Oil: Trading lower this morning

Posted on May 3, 2011 by GCI Financial

Oil prices declined 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 113.02, amid news that Al-Qaeda leader Osama bin Laden was killed in Pakistan and after data indicated that manufacturing in the US cooled in … Continue reading →

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Silver: Silver continues its northward journey

Posted on May 3, 2011 by GCI Financial

Silver prices rose 3.73% to USD 44.52 per ounce during the 24 hours ending 23:00GMT, recouping a part of its recent losses, which saw it plunge more than 10.0%, following a rise in margins required to hold positions in the … Continue reading →

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Gold: Regaining shine in Asian session

Posted on May 3, 2011 by GCI Financial

Gold prices traded lower by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1,538.00 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,541.90 per ounce, 0.25% higher from 23:00GMT. The pair … Continue reading →

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AUD/USD: Aussie trading lower in Asian session, Investors awaits interest rate decision

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.10% against the USD to close at 1.0946. In Australia, the TD securities-Melbourne institute inflation gauge rose by 0.3% in April, compared to 0.6% rise in March. Additionally, house price index … Continue reading →

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USD/CAD: Political uncertainty weighed on Loonie, trading higher in Asian session

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.55% against the CAD to close at 0.9513. Political uncertainty weighed on the Canadian dollar on Monday, as Canadians headed to the polls for the fourth national election in seven years. … Continue reading →

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USD/CHF: Swissy witnessing flat trading

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CHF and closed at 0.8650. In Switzerland, real retail sales, on monthly basis, rose by 0.3% in March from 4.4% rise in February. Additionally, the SVME manufacturing purchasing … Continue reading →

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USD/JPY: Gopher zooming higher

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 81.21. In the US, the seasonally adjusted construction spending, on an annual basis rose by 1.4% in March, compared to a revised 2.4% decline … Continue reading →

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GBP/USD: Pound trading lower this morning

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.6653. The greenback advanced, as investors weighed news of Al Qaeda leader, Osama bin Laden’s death as backdrop of expectations that the Federal Reserve … Continue reading →

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EUR/USD: Euro boosted after upbeat economic data, trading lower this morning

Posted on May 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.27% against the USD and closed at 1.4821. The European Central Bank (ECB), in its Financial Integration report indicated that the normalization of Euro-zone bank lending conditions is proceeding progressively. In … Continue reading →

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