Daily Archives: May 25, 2011

Dollar advancing against the Euro

Posted on May 25, 2011 by GCI Financial

Risk appetite took a turn for the worse during the Asia session, allowing the dollar to advance against the euro, the AUD, and the NZD in particular. EURUSD traded 1.4025-1.4127 and USDJPY 81.82-82.17. Continue reading →

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AUD/USD: Aussie erases gains this morning, amid talk of Greek election

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 1.0555, as a rally in commodities and stocks boosted demand for higher-yielding assets. In Australia, the Westpac leading index remained at 0.5% March from … Continue reading →

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Crude Oil: Oil declines, after API reported surging gasoline supplies

Posted on May 25, 2011 by GCI Financial

Oil prices advanced 2.38% against the USD for the 24 hour period ending 23:00GMT, closing at 99.26, as Goldman Sachs Group Inc. and Morgan Stanley increased their price forecasts on crude oil on expectations of good demand. In the US, … Continue reading →

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Silver: Trading lower in Asian session

Posted on May 25, 2011 by GCI Financial

Silver prices rose 4.73% to USD 36.67 per ounce during the 24 hours ending 23:00GMT, as Euro zone debt concerns helped the white metal rebound. In the Asian session at 3:00GMT, silver is trading at USD 36.59 per ounce, 0.22% … Continue reading →

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Gold: Yellow metal shines on weak dollar, Europe jitters

Posted on May 25, 2011 by GCI Financial

Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1,524.22 per ounce, on weakened US dollar and as continued debt concerns in the Euro zone spurred investors towards safe haven assets. In … Continue reading →

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USD/CAD: Canadian Dollar slips in Asian session

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 0.9767. In the US, the new home sales, on a seasonally adjusted basis, rose 7.3% to an annual rate of 323,000 in April, compared … Continue reading →

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USD/CHF: Swiss Franc a tad higher this morning

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.47% against the CHF and closed at 0.8801. In the US, the Richmond Federal Reserve Bank indicated that its seasonally adjusted composite index of manufacturing activity fell to a reading of … Continue reading →

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USD/JPY: Showing convergence with its MA’s

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.21% against the JPY and closed at 82.09. The minutes of Bank of Japan’s (BoJ) latest meeting indicated that the sentiment on the BoJ’s board is for further credit easing and … Continue reading →

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GBP/USD: Pound marginally lower this morning, Moody’s puts banks on review

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.55% against the USD and closed at 1.6181. However, gains were capped after Moody’s Investors Service stated that it may lower the credit ratings of 14 British lenders and after a … Continue reading →

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EUR/USD: Euro trading lower in Asian session

Posted on May 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.4098, despite another round of discouraging economic news from the euro zone. In the Euro zone, the industrial new orders, on monthly basis, declined … Continue reading →

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