Monthly Archives: May 2011

USD/CAD: Canadian dollar advances in Asian session versus Greenback

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.33% against the CAD to close at 0.9775, as investors cut holdings in growth-linked currencies on the back of a broad sell off in commodities like crude oil. In the Asian … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading lower this morning

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.8843. In the Asian session, at 3:00GMT, the pair is trading at 0.8846, 0.03% higher from the New York session close. In Switzerland, the … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Investors await pointers from the BoJ monetary policy meeting

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.31% against the JPY and closed at 81.92. In Japan, yesterday, the coincident index declined to 103.5 in March from 106.8 in the previous month. Additionally, the leading economic index declined … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: GBP fell as risk appetite decreased, trading marginally higher

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.6092. The pound traded lower against the US dollar on Monday, as concerns over possible debt restructuring in Greece and ratings outlook downgrade in … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro falls on debt fears, trading higher this morning

Posted on May 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.69% against the USD and closed at 1.4026, after Standard & Poor’s cut its outlook on Italy and the Spanish elections raised concerns that European governments were sinking under too much … Continue reading →

Posted in EUR/USD | Leave a comment

Euro Downturn to continue

Posted on May 23, 2011 by GCI Financial

The euro continued to sell off during the Asia session amid signs that the Eurozone sovereign debt crisis is escalating again. Friday’s Eurozone headlines continued to haunt the euro overnight but, adding to the downside pressure, a weekend report in a Greek newspaper claimed that if the next quarterly instalment of EU/IMF funding is not released, Greece will run out of money by July 18. EURUSD traded 1.4065-1.4147 and USDJPY 81.59-82.02. Continue reading →

Posted in Market Snapshot | Leave a comment

Crude Oil: Oil drops this morning on demand concerns

Posted on May 23, 2011 by GCI Financial

Oil prices advanced 1.14% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.91, inching close to $100, as lower prices encouraged buyers back to the market. At GMT 0300, Oil is trading at USD … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Silver shines in Asian session

Posted on May 23, 2011 by GCI Financial

Silver prices declined 0.34% to USD 35.02 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.07 per ounce, 0.14% higher, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal trading lower this morning

Posted on May 23, 2011 by GCI Financial

Gold prices traded higher by 1.05% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,511.20 per ounce, as debt fears in the Euro zone resurfaced ahead of Spanish elections and after Fitch downgraded Greece’s rating. … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Aussie trading lower this morning

Posted on May 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.08% against the USD, on Friday, to close at 1.0657, after concerns increased that Europe’s debt crisis would worsen. In the Asian session at 3:00GMT, the pair is trading at 1.0583, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie slides on weak retail sales, inflation

Posted on May 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.75% against the CAD, on Friday, to close at 0.9742, despite a rally in crude oil prices as disappointing economic data dragged the Loonie into negative territories. In Canada, the retail … Continue reading →

Posted in USD/CAD | Leave a comment