Monthly Archives: May 2011

USD/CHF: Swissy trading below its MA’s

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.75% against the CHF and closed at 0.8712. In the Asian session, at 3:00GMT, the pair is trading at 0.8725, 0.15% higher from the New York session close. The pair has … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: Flattish trade continues

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9639, as oil and other commodities surged following big declines last week. Canada Mortgage & Housing Corporation stated that, on a seasonally adjusted basis, … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Aussie rebounded supported by higher commodity prices, trading flat this morning

Posted on May 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.71% against the USD to close at 1.0791, on sharp rebound in commodities prices. In economic news, the Australian trade balance recorded a surplus by A$1740 million during the month of … Continue reading →

Posted in AUD/USD | Leave a comment

Gold: Continues to trade higher this morning

Posted on May 10, 2011 by GCI Financial

Gold prices traded higher by 1.09% against the USD in the 24 hour period ending 23:00GMT, at 1,509.28 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,510.00 per ounce, 0.05% higher from 23:00GMT. The pair … Continue reading →

Posted in Gold | Leave a comment

Silver: Silver backpedals in Asian session

Posted on May 10, 2011 by GCI Financial

Silver prices rose 6.28% to USD 37.73 per ounce during the 24 hours ending 23:00GMT, as some weakness in the US dollar and concerns over European debt woes lured investors back to metals. In the Asian session at 3:00GMT, silver … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Oil trading lower this morning

Posted on May 10, 2011 by GCI Financial

Oil prices advanced 3.96% against the USD for the 24 hour period ending 23:00GMT, closing at 101.85, on signals that the global economic recovery remains intact. At GMT 0300, Oil is trading at USD 101.01 per barrel in the Asian … Continue reading →

Posted in Crude Oil | Leave a comment

The Euro Stabilizes

Posted on May 9, 2011 by GCI Financial

The euro partially recovered during the Asia session after Friday’s selloff. Friday’s moves were triggered by a report in a German newspaper claiming Greece was considering withdrawing from the Eurozone, and that an emergency meeting of European officials had been called to discuss the issue. A special meeting did take place on Friday night, but participants emphasised that the topic of a potential Greek exit was not discussed. EURUSD traded 1.4341-1.4407, USDJPY 80.52-80.85 on Friday. Continue reading →

Posted in Market Snapshot | Leave a comment

EUR/USD: EUR rebounds after having fallen on Greece concerns

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.54% against the USD, on Friday, and closed at 1.4317, after a report that Greece is considering withdrawal from the Euro zone. In Germany, industrial production, on monthly basis, declined to … Continue reading →

Posted in EUR/USD | Leave a comment

GBP/USD: Greenback gives up some gains in the Asian session

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD, on Friday, and closed at 1.6364, as economic data showed inflationary pressure in the UK. In the UK, the output price index, on a monthly basis, rose … Continue reading →

Posted in GBP/USD | Leave a comment

USD/JPY: Trading higher in Asian session

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY, on Friday, and closed at 80.69, on strong US economic data. The minutes from the latest Bank of Japan’s (BoJ) monetary policy committee meeting indicated that the … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Morning dollar weakness supporting the Swiss franc

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CHF, on Friday, and closed at 0.8783. In Switzerland, the number of unemployed workers decreased from 3.4% in March to 3.1% in April. In the Asian session, at … Continue reading →

Posted in USD/CHF | Leave a comment