Daily Archives: May 11, 2011

Mixed Chinese data for April

Posted on May 11, 2011 by GCI Financial

Rising commodity prices and stronger equity markets gave risk appetite a boost during the Asia session. The combined effect was powerful enough to keep AUDUSD largely supported, despite some rather mixed Chinese data for April. Higher oil prices in particular helped the euro to recover some ground recently lost to the dollar, although speculation that a new Greece rescue package may eventually be announced also helped embolden euro bulls. EURUSD traded 1.4350-1.4423, USDJPY 80.72-81.09. Continue reading →

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EUR/USD: Euro rose despite Greece woes, trading lower this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.31% against the USD and closed at 1.4413, following reports that Greece could get a new financial aid package. In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4396, … Continue reading →

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GBP/USD: Pound trading flat this morning, investors awaits BoE inflation report

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6371, on speculation that the Bank of England would lower its economic growth forecasts. The pair opened the Asian session at 1.6371, and is … Continue reading →

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USD/JPY: Greenback trading lower in Asian session

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.83% against the JPY and closed at 81.00, aided by rising risk appetite following news from China and Europe. The Chinese trade surplus was more than four times larger than forecast … Continue reading →

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USD/CHF: Swissy falls on tepid inflation data, trading flat this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.00% against the CHF and closed at 0.8799, after Swiss inflation data weighed on expectations that the Swiss National Bank would raise interest rates in the near future. In the US, … Continue reading →

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USD/CAD: Loonie advanced as commodity prices rose, trading lower this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.76% against the CAD to close at 0.9566, as the commodity prices rose on unexpectedly strong Chinese trade data. In the US, the wholesale inventories increased by 1.1% (M-o-M) in March … Continue reading →

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AUD/USD: Commodity prices push Aussie higher, trading flat this morning

Posted on May 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.58% against the USD to close at 1.0854, amid rise in commodity prices. In the US, the Federal Reserve Bank of Richmond President, Jeffrey Lacker, stated that the US Federal Reserve … Continue reading →

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Gold: Yellow metal continues its north-ward journey

Posted on May 11, 2011 by GCI Financial

Gold prices traded higher by 0.55% against the USD in the 24 hour period ending 23:00GMT, at 1,517.63 per ounce, amid unrest in Libya, uncertainty over debt-laden Greece and the rising commodity prices.. In the Asian session at 3:00GMT, gold … Continue reading →

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Silver: Silver continues it rally as buyers return

Posted on May 11, 2011 by GCI Financial

Silver prices rose 2.54% to USD 38.69 per ounce during the 24 hours ending 23:00GMT, amid ongoing sovereign debt concerns in Greece. In the Asian session at 3:00GMT, silver is trading at USD 39.17 per ounce, 1.24% higher, from 23:00GMT. … Continue reading →

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Crude Oil: Trading flat in Asian session

Posted on May 11, 2011 by GCI Financial

Oil prices advanced 2.04% against the USD for the 24 hour period ending 23:00GMT, closing at 104.02, amid concerns that flooding of the Mississippi River would disrupt the fuel output. Late Tuesday, the American Petroleum Institute reported that the crude … Continue reading →

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