Daily Archives: June 2, 2011

The yen temporarily weakened

Posted on June 2, 2011 by GCI Financial

The yen temporarily weakened during the Asia session amid newspaper speculation that a political crisis could be imminent in Japan. Prime Minister Kan is due to face a vote of no-confidence in parliament today but we doubt he will lose his post. EURUSD traded 1.4308-1.4401, USDJPY 80.84-81.33. Continue reading →

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Crude Oil: Trading higher after yesterday’s sharp decline

Posted on June 2, 2011 by GCI Financial

Oil prices declined 3.06% against the USD for the 24 hour period ending 23:00GMT, closing at 99.87, after disappointing readings on US manufacturing and employment data and rise in the US crude oil supplies raised concerns over oil demand. Late … Continue reading →

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Silver: White metal a tad higher this morning

Posted on June 2, 2011 by GCI Financial

Silver prices declined 3.59% to USD 37.03 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.06 per ounce, 0.08% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal backpedals in Asian session after posting handsome gains yesterday

Posted on June 2, 2011 by GCI Financial

Gold prices traded higher by 0.45% against the USD in the 24 hour period ending 23:00GMT, at 1,541.28 per ounce, as weakened dollar along with disappointing US economic data spurred demand for precious metals. In the Asian session at 3:00GMT, … Continue reading →

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AUD/USD: Greenback continues to zoom higher against Australian dollar

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD to close at 1.0631. In Australia, the trade balance stood at A$1.59 billion in April following a surplus of A$1.74 billion in March. In the Asian session … Continue reading →

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USD/CAD: Loonie skids after dismal US data

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.96% against the CAD to close at 0.9768, as downbeat US economic news fueled investor fears over the health of the US recovery. In the US, the mortgage application volume, on … Continue reading →

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USD/CHF: Swissy trading lower this morning

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.34% against the CHF and closed at 0.8416. Swiss franc rose, as strong economic data in Switzerland boosted investor sentiment. In Switzerland, the purchasing managers’ index rose to 59.2 in May, … Continue reading →

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USD/JPY: Yen trading lower in Asian session

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.64% against the JPY and closed at 80.93, as weaker economic data in US, Europe and China raised concerns that the global economic recovery is slowing. Bank of Japan Governor, Masaaki … Continue reading →

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EUR/USD: Euro loses ground amid Greek debt uncertainty, trading marginally higher in Asian session

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.53% against the USD and closed at 1.4343, following German media reports that the International Monetary Fund would not pay its share of aid to Greece at the end of June. … Continue reading →

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GBP/USD: Pound nosedives on poor UK data

Posted on June 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.6332, after a report from the Chartered Institute of Purchasing and Supply showed that UK manufacturing expanded at the slowest pace in nearly two … Continue reading →

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