Daily Archives: May 10, 2011

Good data from China and Australia

Posted on May 10, 2011 by GCI Financial

Australian and Chinese trade data were focal points during the Asia session. Both sets of numbers were impressive, which proved to be mildly supportive of risk appetite. The euro struggled to make much headway though, still weighed down by the memory of yesterday’s downgrade of Greece’s rating by S&P. Comments by ECB policymakers warning of the dire consequences of any restructuring of Greek debt led the euro lower as the European session got underway. EURUSD traded 1.4297-1.4377, USDJPY 80.16-80.57. Continue reading →

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EUR/USD: Euro backpedals after Greece credit rating downgrade

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.05% against the USD and closed at 1.4369. Yesterday, Standard & Poor’s lowered the credit rating of Greece to B from BB-, over concerns that peripheral debt problems would force European … Continue reading →

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GBP/USD: Trading flat this morning, little reaction to UK economic data

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6412. In the UK, the Halifax house prices declined 1.4% in April, following a flat reading recorded in the previous month. The BRC retail … Continue reading →

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USD/JPY: Trading flat this morning

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 80.33. Yen strengthened against greenback on renewed speculation that Europe’s debt crisis would worsen. In the Asian session at 3:00GMT, the pair is trading … Continue reading →

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USD/CHF: Swissy trading below its MA’s

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.75% against the CHF and closed at 0.8712. In the Asian session, at 3:00GMT, the pair is trading at 0.8725, 0.15% higher from the New York session close. The pair has … Continue reading →

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USD/CAD: Flattish trade continues

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9639, as oil and other commodities surged following big declines last week. Canada Mortgage & Housing Corporation stated that, on a seasonally adjusted basis, … Continue reading →

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AUD/USD: Aussie rebounded supported by higher commodity prices, trading flat this morning

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.71% against the USD to close at 1.0791, on sharp rebound in commodities prices. In economic news, the Australian trade balance recorded a surplus by A$1740 million during the month of … Continue reading →

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Gold: Continues to trade higher this morning

Posted on May 10, 2011 by GCI Financial

Gold prices traded higher by 1.09% against the USD in the 24 hour period ending 23:00GMT, at 1,509.28 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,510.00 per ounce, 0.05% higher from 23:00GMT. The pair … Continue reading →

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Silver: Silver backpedals in Asian session

Posted on May 10, 2011 by GCI Financial

Silver prices rose 6.28% to USD 37.73 per ounce during the 24 hours ending 23:00GMT, as some weakness in the US dollar and concerns over European debt woes lured investors back to metals. In the Asian session at 3:00GMT, silver … Continue reading →

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Crude Oil: Oil trading lower this morning

Posted on May 10, 2011 by GCI Financial

Oil prices advanced 3.96% against the USD for the 24 hour period ending 23:00GMT, closing at 101.85, on signals that the global economic recovery remains intact. At GMT 0300, Oil is trading at USD 101.01 per barrel in the Asian … Continue reading →

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