Daily Archives: May 30, 2011

Dollar has a mixed session

Posted on May 30, 2011 by GCI Financial

The dollar had a mixed session. It managed to claw back some of Friday’s losses against the euro, assisted by euro-negative press commentary. Nevertheless, it was not all one-way dollar buying – NZDUSD set a post-floatation 26-year high after better than expected New Zealand trade data. EURUSD traded 1.4262-1.4334, USDJPY 80.72-81.02. Continue reading →

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Crude Oil: Trading lower in Asian session

Posted on May 30, 2011 by GCI Financial

Oil prices advanced 0.45% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.74, as heightened concerns about developments in the Middle East and North Africa raised fears about supply restrictions and spurred prices above … Continue reading →

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USD/JPY: Pair trading flat this morning

Posted on May 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.51% against the JPY, on Friday, and closed at 80.76. The greenback was under pressure on Friday as the US bond yields declined, while the economic data in the US dented … Continue reading →

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Silver: Continues to trade higher in Asian session

Posted on May 30, 2011 by GCI Financial

Silver prices rose 1.23% to USD 37.97, on Friday, per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.21 per ounce, 0.63% higher, from 23:00GMT. The first level of short … Continue reading →

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Gold: Sovereign debt worries lifts Gold higher, trading flat this morning

Posted on May 30, 2011 by GCI Financial

Gold prices traded higher by 0.78% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,536.00 per ounce, supported by a weaker dollar and worries over the ability of the European Union to manage member states’ … Continue reading →

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AUD/USD: Aussie up on stronger commodities, trading flat this morning

Posted on May 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.79% against the USD, on Friday, to close at 1.0706, as commodity prices rose. In Australia, the new home sales rose 0.2% (M-o-M) in April from 4.3% in March. The gross … Continue reading →

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USD/CAD: Canadian dollar rises amid weaker greenback, higher oil prices

Posted on May 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD, on Friday, to close at 0.9763. In the Asian session at 3:00GMT, the pair is trading at 0.9765, 0.02% higher from the Friday’s close. The first area … Continue reading →

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USD/CHF: Strong KOF barometer sends Swiss franc to new high

Posted on May 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.95% against the CHF, on Friday, and closed at 0.8491. The Swiss Franc touched record levels against the dollar, indicating that concerns over Euro zone debts remained strong. In Switzerland, the … Continue reading →

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GBP/USD: Pound backpedals in Asian session

Posted on May 30, 2011 by GCI Financial

GBP/USD: Pound backpedals in Asian session For the 24 hours to 23:00 GMT, GBP rose 0.72% against the USD, on Friday, and closed at 1.6505, amid concerns that the Euro zone debt crisis may worsen and as weak US economic … Continue reading →

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EUR/USD: Euro trading lower, after Friday’s rise

Posted on May 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.32% against the USD, on Friday, and closed at 1.4319, as poor US economic data raised speculation that the Federal Reserve may delay an interest-rate hike. In the US, the personal … Continue reading →

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