Monthly Archives: May 2011

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 →

Posted in Silver | Leave a comment

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 →

Posted in Gold | Leave a comment

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 →

Posted in AUD/USD | Leave a comment

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 →

Posted in USD/CAD | Leave a comment

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 →

Posted in USD/CHF | Leave a comment

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 →

Posted in USD/JPY | Leave a comment

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 →

Posted in GBP/USD | Leave a comment

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 →

Posted in EUR/USD | Leave a comment

The dollar weakened sharply across the board

Posted on May 26, 2011 by GCI Financial

The dollar weakened sharply across the board during the Asia session as risk appetite was boosted by a succession of moderately positive headlines. Australia and New Zealand both signalled they can live with currency strength, which invited buying of the AUD and the NZD. Also, USDCNY fixed at a new low. Finally, a local media report in New Zealand reported that China might be willing to invest up to NZ$6 bn in New Zealand assets. Most importantly, there was a lack of further worrying news from the Eurozone. EURUSD traded 1.4065-1.4173 and USDJPY 81.67-82.09. Continue reading →

Posted in Market Snapshot | Leave a comment

Crude Oil: Oil regains $100 per barrel levels as greenback loses steam

Posted on May 26, 2011 by GCI Financial

Oil prices advanced 2.24% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48, as dollar weakened and after the release of latest inventory report from Department of Energy. The Energy Information Administration reported that the domestic … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Zooms higher

Posted on May 26, 2011 by GCI Financial

Silver prices rose 2.96% to USD 37.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.19 per ounce, 1.17% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment