Daily Archives: May 27, 2011

Dollar weakend sharply during Asia session

Posted on May 27, 2011 by GCI Financial

The dollar weakened sharply across the board during the Asia session. There was no clear driver behind the move, but the market does appear to be forming the opinion that Greece will eventually receive its next quarterly instalment of rescue funding from the EU/IMF, even if no decision on this is imminent. EURCHF and USDCHF hit new record lows. EURUSD traded 1.4111-1.4279, USDJPY 80.89-81.42. Continue reading →

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Crude Oil: Crude oil holds above $100 per barrel

Posted on May 27, 2011 by GCI Financial

Oil prices declined 1.34% against the USD for the 24 hour period ending 23:00GMT, closing at 100.12, on less than expected US economic growth which raised concerns about oil demand. At GMT 0300, Oil is trading at USD 100.63 per … Continue reading →

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Silver: Trading higher this morning

Posted on May 27, 2011 by GCI Financial

Silver prices declined 1.09% to USD 37.34 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.80 per ounce, 1.23% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold ends four-day rally on profit-taking, trading higher in Asian session

Posted on May 27, 2011 by GCI Financial

Gold prices traded lower by 0.31% against the USD in the 24 hour period ending 23:00GMT, at 1,521.43 per ounce, amid profit booking. In the Asian session at 3:00GMT, gold is trading at USD 1,524.88 per ounce, 0.23% higher from … Continue reading →

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AUD/USD: Aussie advances as business investment rises

Posted on May 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0622, after the government report showed increase in business investment. The government statistics agency stated that Australian capital spending climbed 3.4% in the three … Continue reading →

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USD/CAD: Loonie trading higher this morning

Posted on May 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.16% against the CAD to close at 0.9791. Canadian dollar was under pressure, amid lower commodity prices and weaker than expected economic growth in the US, Canada’s biggest trading partner. In … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on May 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.79% against the CHF and closed at 0.8654. In Switzerland, trade surplus declines to CHF 1.516 billion in April from CHF 0.997 billion in March. Meanwhile, the employment level, on quarterly … Continue reading →

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USD/JPY: Yen continues to shine in Asian session

Posted on May 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.89% against the JPY and closed at 81.27. Yen strengthened against the greenback, after a report showed the US economy has slowed, reducing the earnings outlook for Japanese exporters. In Japan, … Continue reading →

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GBP/USD: British Pound trading continues to advance in Asian session

Posted on May 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.63% against the USD and closed at 1.6382. In the US, the gross domestic product rose by 1.8% (Q-o-Q) in the first quarter of 2011, compared to 3.1% growth recorded in … Continue reading →

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EUR/USD: Euro trading higher, China expected to buy European bailout debt

Posted on May 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.30% against the USD and closed at 1.4125, after the report that China and other Asian countries are interested in buying Portuguese bailout bonds. However, gains were capped, after President of … Continue reading →

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