Monthly Archives: May 2011

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 →

Posted in Crude Oil | Leave a comment

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 →

Posted in USD/JPY | Leave a comment

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 →

Posted in Silver | Leave a comment

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 →

Posted in Gold | Leave a comment

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 →

Posted in AUD/USD | Leave a comment

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 →

Posted in USD/CAD | Leave a comment

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 →

Posted in USD/CHF | Leave a comment

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 →

Posted in GBP/USD | Leave a comment

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 →

Posted in EUR/USD | Leave a comment

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 →

Posted in Market Snapshot | Leave a comment

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 →

Posted in Crude Oil | Leave a comment