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Daily Archives: May 26, 2011
The dollar weakened sharply across the board
The dollar weakened sharply across the board during the Asia session as risk appetite was boosted by a succession of moderately positive headlines. Australia and New Zealand both signalled they can live with currency strength, which invited buying of the AUD and the NZD. Also, USDCNY fixed at a new low. Finally, a local media report in New Zealand reported that China might be willing to invest up to NZ$6 bn in New Zealand assets. Most importantly, there was a lack of further worrying news from the Eurozone. EURUSD traded 1.4065-1.4173 and USDJPY 81.67-82.09. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil regains $100 per barrel levels as greenback loses steam
Oil prices advanced 2.24% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48, as dollar weakened and after the release of latest inventory report from Department of Energy. The Energy Information Administration reported that the domestic … Continue reading
Posted in Crude Oil
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Silver: Zooms higher
Silver prices rose 2.96% to USD 37.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.19 per ounce, 1.17% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Yellow metal trading above $1525
Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,526.20 per ounce, benefitted from ongoing concerns over Greece’s debt and its implications for the euro zone. In the Asian session at 3:00GMT, … Continue reading
Posted in Gold
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AUD/USD: Aussie trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.20% against the USD to close at 1.0534. In Australia, the Australian private capital expenditure index, on quarterly basis, rose by 3.4% in the first quarter of 2011, following 1.3% increase … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading higher in Asian session
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9775, despite rise in crude oil prices, on Euro zone’s debt worries. In the US, the durable goods orders declined by 3.6% in April, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc cementing gains
For the 24 hours to 23:00 GMT, USD declined 0.89% against the CHF and closed at 0.8723. In the US, the mortgage application volume increased 1.1% for the week ended 20 May 2011 from one week earlier, as reported by … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen continues to trade lower
For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 82.00. The Bank of Japan Governor Masaaki Shirakawa, stated that the Japanese economy was already was showing signs of recovery from the March 11 … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading higher this morning, UK Q1 GDP growth confirmed at 0.5%
For the 24 hours to 23:00 GMT, GBP rose 0.61% against the USD and closed at 1.6280, as a report showed that the UK economy resumed growth in the first quarter on strong exports. In the UK, the index of … Continue reading
Posted in GBP/USD
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EUR/USD: EUR rebounds in the Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.4083, as Greece’s sovereign debt situation remained unresolved. The European Central Bank Executive Board member, Juergen Stark, stated that the global imbalances remained a … Continue reading
Posted in EUR/USD
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