Monthly Archives: June 2011

Focus on Euro

Posted on June 30, 2011 by GCI Financial

Asian equities and risk assets are trading higher as an improved risk environment continues from yesterday. EURUSD broke above the 1.45 mark, building on its gains following yesterday’s Greek austerity vote, while the dollar was soft across the board. The news wires were quiet and markets continue to trade on wider risk appetite. EURUSD traded 1.4519-1.4416, USDJPY 80.93-80.31. Continue reading →

Posted in Market Snapshot | Leave a comment

Gold: Trading higher

Posted on June 30, 2011 by GCI Financial

Gold prices traded higher by 0.66% against the USD in the 24 hour period ending 23:00GMT, at 1,511.60 per ounce, as the Greece Parliament approval for austerity measures pressurised the greenback, and amid renewed concerns over the delay in hiking … Continue reading →

Posted in Gold | Leave a comment

Crude Oil: Trading lower this morning

Posted on June 30, 2011 by GCI Financial

Oil prices advanced 2.34% against the USD for the 24 hour period ending 23:00GMT, closing at 95.20, after the US inventories declined more than market expectations. The Energy Information Administration reported that the US crude oil inventories decreased by 4.40 … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Zooming ahead

Posted on June 30, 2011 by GCI Financial

Silver prices rose 2.91% to USD 34.90 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.98 per ounce, 0.23% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

AUD/USD: Aussie zooms ahead

Posted on June 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.46% against the USD to close at 1.0691. In the US, for the week ended 24 June 2011, the mortgage application volume, on a seasonally adjusted basis, declined by 2.7% from … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie advances on inflation, commodity surge, trading flat in Asian session

Posted on June 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.45% against the CAD to close at 0.9677. Rise in Canadian dollar was boosted by domestic inflation data, that further raised investors speculations that the central bank would soon raise interest … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading higher this morning

Posted on June 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.8336. In the US, the National Association of Realtors reported that its pending home sales index rose by 8.2% in May, the strongest monthly … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen rides on rebounding industrial production, trading lower this morning

Posted on June 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.46% against the JPY and closed at 80.72. Yesterday, the Japanese Yen found support in better than expected rebound in the country’s industrial production. In May, Japan’s industrial production grew by … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound advances, UK M4 money supply falls for eighth month

Posted on June 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6072. In the UK, on a seasonally adjusted annual basis, the money supply declined by 0.2% in May, the eight consecutive decline, following a … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro continued to cement gains, investors cheered Greek vote

Posted on June 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.82% against the USD and closed at 1.4474, after the Greece Parliament approved austerity measures necessary to avoid the debt default. The Greek parliament approved €78 billion package of additional austerity … Continue reading →

Posted in EUR/USD | Leave a comment

Greek vote due

Posted on June 29, 2011 by GCI Financial

Greece’s parliament is expected to vote on the austerity package later today (expected around 1200 GMT), with the implementation vote due tomorrow. Although there is still considerable uncertainty over the vote, markets expect it to pass and authorities are now trying to push for the private sector to finalise its participation plans. Overnight sentiment was hurt somewhat by talk of further China tightening but at this stage we believe most global central banks are in a more cautious mode. Continue reading →

Posted in Market Snapshot | Leave a comment