Daily Archives: May 9, 2011

The Euro Stabilizes

Posted on May 9, 2011 by GCI Financial

The euro partially recovered during the Asia session after Friday’s selloff. Friday’s moves were triggered by a report in a German newspaper claiming Greece was considering withdrawing from the Eurozone, and that an emergency meeting of European officials had been called to discuss the issue. A special meeting did take place on Friday night, but participants emphasised that the topic of a potential Greek exit was not discussed. EURUSD traded 1.4341-1.4407, USDJPY 80.52-80.85 on Friday. Continue reading →

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EUR/USD: EUR rebounds after having fallen on Greece concerns

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.54% against the USD, on Friday, and closed at 1.4317, after a report that Greece is considering withdrawal from the Euro zone. In Germany, industrial production, on monthly basis, declined to … Continue reading →

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

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD, on Friday, and closed at 1.6364, as economic data showed inflationary pressure in the UK. In the UK, the output price index, on a monthly basis, rose … Continue reading →

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USD/JPY: Trading higher in Asian session

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY, on Friday, and closed at 80.69, on strong US economic data. The minutes from the latest Bank of Japan’s (BoJ) monetary policy committee meeting indicated that the … Continue reading →

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USD/CHF: Morning dollar weakness supporting the Swiss franc

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CHF, on Friday, and closed at 0.8783. In Switzerland, the number of unemployed workers decreased from 3.4% in March to 3.1% in April. In the Asian session, at … Continue reading →

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USD/CAD: Good news on the Canadian and US jobs front assists Loonie to trade higher

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD, on Friday, to close at 0.9666. In the US, the economy added 244,000 jobs in April. In Canada, the unemployment rate declined to 7.6% in April, compared … Continue reading →

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AUD/USD: Aussie trading higher this morning

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.78% against the USD, on Friday, to close at 1.0686, following better than expected US jobs data and expectations that Australian interest rates may go up soon. On Friday, the Reserve … Continue reading →

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Gold: Yellow metal continues to shine in Asian session

Posted on May 9, 2011 by GCI Financial

Gold prices traded higher by 1.57% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,495.30 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,498.28 per ounce, 0.20% higher from 23:00GMT. … Continue reading →

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Silver: Trading higher this morning

Posted on May 9, 2011 by GCI Financial

Silver prices rose 2.74% to USD 35.59 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.12 per ounce, 1.49% higher, from 23:00GMT. The first level of short … Continue reading →

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Crude Oil: Zooms higher in Asian session

Posted on May 9, 2011 by GCI Financial

Oil prices declined 1.84% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.06. At GMT 0300, Oil is trading at USD 98.80 per barrel in the Asian session, 0.75% higher from 23:00GMT. The pair … Continue reading →

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