Daily Archives: May 17, 2011

Eurozone finance ministers agreed to a rescue package for Portugal

Posted on May 17, 2011 by GCI Financial

The dollar had a mixed session in Asia, rising against the yen, but weakening against the euro. The AUD was supported by hawkish RBA minutes, which signalled another rate hike is likely in the coming months. EURUSD traded in the 1.4130-1.4244 range, while USDJPY traded between 80.70 and 81.46. Continue reading →

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Crude Oil: Trading higher in Asian session

Posted on May 17, 2011 by GCI Financial

Oil prices declined 1.87% against the USD for the 24 hour period ending 23:00GMT, closing at 96.93, as efforts to control flooding in Louisiana curbed the speculation that the Mississippi River would flood refineries and disrupt fuel supplies . At … Continue reading →

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Silver: White metal coughs up gains, trading higher this morning

Posted on May 17, 2011 by GCI Financial

Silver prices declined 4.18% to USD 33.69 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 33.92 per ounce, 0.68% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal shines in Asian session

Posted on May 17, 2011 by GCI Financial

Gold prices traded lower by 0.03% against the USD in the 24 hour period ending 23:00GMT, at 1,489.43 per ounce, as the US dollar weakness and the US debt limit vied for investors’ attention. In the Asian session at 3:00GMT, … Continue reading →

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AUD/USD: Aussie tad lower, after dovish RBA minutes

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.12% against the USD to close at 1.0570. LME Copper prices declined 1.7% or $147.0/MT to $8,709.5/ MT. Aluminium prices declined 2.7% or $71.3/MT to $2,576.5/ MT. In the Asian session … Continue reading →

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USD/CAD: Pair trading above its MA’s

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.58% against the CAD to close at 0.9749, as heightened risk aversion pushed commodities and global stocks lower and amid speculation that the Bank of Canada may raise interest rates. The … Continue reading →

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USD/CHF: Steady this morning

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.94% against the CHF and closed at 0.8843, as investors sought the safest European assets before a meeting of finance ministers that would include discussions on Greece’s debt burden. In the … Continue reading →

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USD/JPY: Greenback trading higher against yen this morning

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 80.80. In the US, the Federal Reserve Bank of New York reported that its general business conditions index fell to a reading of 11.9 … Continue reading →

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GBP/USD: GBP loses steam in Asian session

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6204, over mixed US economic data. In the US, the net long-term TIC flows increased in March to $116.0 billion compared to $95.6 billion … Continue reading →

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EUR/USD: Euro rebounds from recent losses, trading flat this morning

Posted on May 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4155, amid easing of worries that the arrest of International Monetary Fund chief, Dominique Strauss-Kahn would derail decisions over giving financial assistance to Greece. … Continue reading →

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