Monthly Archives: May 2011

USD/CAD: Good news on the Canadian and US jobs front assists Loonie to trade higher

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD, on Friday, to close at 0.9666. In the US, the economy added 244,000 jobs in April. In Canada, the unemployment rate declined to 7.6% in April, compared … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Aussie trading higher this morning

Posted on May 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.78% against the USD, on Friday, to close at 1.0686, following better than expected US jobs data and expectations that Australian interest rates may go up soon. On Friday, the Reserve … Continue reading →

Posted in AUD/USD | Leave a comment

Gold: Yellow metal continues to shine in Asian session

Posted on May 9, 2011 by GCI Financial

Gold prices traded higher by 1.57% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,495.30 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,498.28 per ounce, 0.20% higher from 23:00GMT. … Continue reading →

Posted in Gold | Leave a comment

Silver: Trading higher this morning

Posted on May 9, 2011 by GCI Financial

Silver prices rose 2.74% to USD 35.59 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.12 per ounce, 1.49% higher, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Zooms higher in Asian session

Posted on May 9, 2011 by GCI Financial

Oil prices declined 1.84% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.06. At GMT 0300, Oil is trading at USD 98.80 per barrel in the Asian session, 0.75% higher from 23:00GMT. The pair … Continue reading →

Posted in Crude Oil | Leave a comment

RBA Turns Hawkish

Posted on May 6, 2011 by GCI Financial

Sentiment stabilised during the Asia session after yesterday’s heavy falls in the euro and the AUD. Silver continued to weaken, but at a far more moderate pace, and gold and oil both managed to claw back some losses. AUD was strongly boosted by renewed RBA hawkishness in the latest quarterly statement of monetary policy. Continue reading →

Posted in Market Snapshot | Leave a comment

EUR/USD: Trading flat this morning

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.94% against the USD and closed at 1.4541, after Jean-Claude Trichet, President of the European Central Bank (ECB) stated that he wouldn’t hike interest rates for the Euro-zone. On Thursday, ECB … Continue reading →

Posted in EUR/USD | Leave a comment

GBP/USD: Pair trading below its MA’s

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.69% against the USD and closed at 1.6383, as dollar paced gains, amid fall in commodities, oil prices and US stock market. Additionally, the Purchasing Managers’ Index (PMI) for services in … Continue reading →

Posted in GBP/USD | Leave a comment

USD/JPY: Surge in Yen raises intervention speculation, trading lower this morning

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.39% against the JPY and closed at 80.32. The monetary base in Japan climbed 23.9% in April, following a 16.9% rise recorded in March. Separately, in an annual Asian Development Bank … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Swiss Franc remains under pressure

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.06% against the CHF and closed at 0.8702. In the US, initial jobless claims unexpectedly rose to 474,000, highest level since August of 2010, for the week ended 30 April 2011, … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: Loonie trading higher this morning

Posted on May 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.88% against the CAD to close at 0.9665, as crude oil prices slumped below $100 per barrel on speculation of slower global economic growth. The Richard Ivey School of Business reported … Continue reading →

Posted in USD/CAD | Leave a comment