Daily Archives: June 1, 2011

AUD Q1 GDP data better than expected

Posted on June 1, 2011 by GCI Financial

The euro was boosted by a report in the Greek press suggesting that a “new” deal with the EU/IMF/ECB is “imminent”. The AUD rallied in relief when Q1 GDP data did not prove to be as bad as feared. EURUSD traded 1.4366-1.4437, USDJPY 81.15-81.57. Continue reading →

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Crude Oil: Crude Oil rises on shut Canada-US pipeline, weak dollar, trading lower this morning

Posted on June 1, 2011 by GCI Financial

Oil prices advanced 2.72% against the USD for the 24 hour period ending 23:00GMT, closing at 103.02, lifted by the closure of a pipeline carrying Canadian oil to the United States and a decline in the dollar on new hopes … Continue reading →

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Silver: Silver trading lower this morning

Posted on June 1, 2011 by GCI Financial

Silver prices rose 0.42% to USD 38.41 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.12 per ounce, 0.76% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal loses the shine, as safe-haven appeal dries up

Posted on June 1, 2011 by GCI Financial

Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1,534.38 per ounce, as speculation that the European Union is close to a solution on the Greece debt problem reduced the demand for … Continue reading →

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AUD/USD: Pair trading above its MA’s

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0680, on positive developments about the Greece debt restructuring, despite poor Australian economic data. In Australia, the gross domestic product, on quarterly basis, declined … Continue reading →

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USD/CAD: Loonie rallies on BoC’s surprise tone on rates

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.93% against the CAD to close at 0.9675, after the Bank of Canada surprised investors with some hawkish comments in its policy statement. The Bank of Canada, left its interest rates … Continue reading →

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USD/CHF: GDP slows down more than expected in Switzerland, Swissy trading flat this morning

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.42% against the CHF and closed at 0.8530, as poor economic growth dampened the speculation that the Swiss National Bank would raise borrowing costs. In Switzerland, the gross domestic product, on … Continue reading →

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USD/JPY: Yen trading higher this morning

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.73% against the JPY and closed at 81.45, after Moody’s Investors Service put Japan’s credit rating for review for a possible downgrade. In Japan, yesterday, the housing starts rose by 0.3% … Continue reading →

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GBP/USD: Pares gains as weak US data hurts risk appetite

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6461. The pound trimmed gains against the US dollar yesterday, pulling away from a one-month high after a string of weaker-than-expected US economic data … Continue reading →

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EUR/USD: Euro rose on optimism for Greek aid, trading flat this morning

Posted on June 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.4420, on speculation that the European Union would approve an additional bailout package for Greece, thus easing investor’ fears. In the Asian session, at … Continue reading →

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