Daily Archives: May 20, 2011

BoJ’s policy unchanged

Posted on May 20, 2011 by GCI Financial

There was little in the way of market-moving headlines or economic data during the Asia session, which caused currencies to drift. The BoJ kept policy unchanged. EURUSD traded 1.4293-1.4337, USDJPY 81.47-81.79. Continue reading →

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Crude Oil: Crude oil trading higher in Asian session

Posted on May 20, 2011 by GCI Financial

Oil prices declined 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 98.78. Yesterday, International Energy Agency stated that the world oil market urgently needs extra supplies to prevent economic damage to importing countries that could … Continue reading →

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Silver: White metal trading lower this morning

Posted on May 20, 2011 by GCI Financial

Silver prices declined 0.20% to USD 35.14 per ounce during the 24 hours ending 23:00GMT, amid poor US macroeconomic data hurting prospects for silver’s industrial demand. In the Asian session at 3:00GMT, silver is trading at USD 35.11 per ounce, … Continue reading →

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Gold: Yellow metal trading in red this morning

Posted on May 20, 2011 by GCI Financial

Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1,495.54 per ounce. Prices of the yellow metal remained under pressure, on speculation that slowing inflation would curb demand for the metal as a hedge … Continue reading →

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AUD/USD: Aussie trading flat this morning

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 1.0666. In the US, for the week ended 14 May 2011, initial jobless claims fell to 409,000, compared to the previous week’s revised figure … Continue reading →

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USD/CHF: Swiss Franc weakens with lower economic expectations

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CHF and closed at 0.8804. In Switzerland, the Center for European Economic Research (ZEW) and Credit Suisse, reported that the economic expectations dropped to -11.5 points from the … Continue reading →

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USD/CAD: Loonie higher ahead of inflation report

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.28% against the CAD to close at 0.9669, ahead of Canadian inflation report. In the Asian session at 3:00GMT, the pair is trading flat at 0.9668, from the New York session … Continue reading →

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USD/JPY: Yen trading higher this morning

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 81.70, amid release of Japanese gross domestic product which showed that the economy sank more than projected. In Japan, yesterday, the capacity utilization declined … Continue reading →

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GBP/USD: Pound loses steam this morning, trading flat

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD and closed at 1.6231. In the UK, the Confederation of British Industry’s (CBI) monthly survey for May indicated that 22.0% of the manufacturers described total order books … Continue reading →

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EUR/USD: Greenback skids versus Euro, trading flat this morning

Posted on May 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.46% against the USD and closed at 1.4322. The greenback came under pressure, as a largely disappointing batch of US economic data weighed on investor sentiment. In the US, the economic … Continue reading →

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