Daily Archives: June 3, 2011

New rescue packet for Greece

Posted on June 3, 2011 by GCI Financial

Even though developments in the Eurozone have dominated proceedings of late, we expect the focus to shift to the US today as the labour market report is due, amid growing concern that the US economy is showing renewed signs of strain Continue reading →

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Silver: Continues to trade lower

Posted on June 3, 2011 by GCI Financial

Silver prices declined 1.89% to USD 36.33 per ounce during the 24 hours ending 23:00GMT, as weak economic data clouded industrial demand prospects for white metal. In the Asian session at 3:00GMT, silver is trading at USD 36.07 per ounce, … Continue reading →

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Gold: Yellow metal loses its shine

Posted on June 3, 2011 by GCI Financial

Gold prices traded lower by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1,533.10 per ounce, on profit booking. In the Asian session at 3:00GMT, gold is trading at USD 1,532.60 per ounce, 0.03% lower from … Continue reading →

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Crude Oil: Trading above $100 per barrel

Posted on June 3, 2011 by GCI Financial

Oil prices advanced 0.80% against the USD for the 24 hour period ending 23:00GMT, closing at 100.67. In the US, the Energy Information Administration reported that the commercial crude oil inventories increased by 2.90 million barrels to 373.80 million barrels … Continue reading →

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USD/CAD: Loonie skids in Asian session

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.16% against the CAD to close at 0.9752, amid further indications of weakening of the US economy. The Moody’s Investors Service stated that it may put US government’s Aaa credit rating … Continue reading →

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AUD/USD: Aussie erases yesterday’s gain, trading flat this morning

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0674. In Australia, the seasonally adjusted performance of services index fell by 1.6 points to 49.9 in May from 51.5 points recorded in the … Continue reading →

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GBP/USD: Pound trading lower this morning, BoE’s Fisher comments weigh

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6362. In the UK, the purchasing managers’ index (PMI) for construction sector activity rose to54.0 in May, following a reading of 53.3 in posted … Continue reading →

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USD/CHF: Swiss Franc trading lower in Asian session

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CHF and closed at 0.8429. In the US, the initial jobless claims fell to 422,000, compared to the previous week’s revised figure of 428,000. Additionally, the continuing claims … Continue reading →

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USD/JPY: Pair trading tad below its MA’s

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 80.96. In Japan, yesterday, the Bank of Japan (BoJ) policy board member, Seiji Nakamura, stated that Japan’s economic recovery is set to accelerate in … Continue reading →

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EUR/USD: Euro recovers, extends gains versus greenback

Posted on June 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.96% against the USD and closed at 1.4481, boosted by Greek concessions and reassuring comments from German Chancellor, Angela Merkel. The Euro rallied, after the reports that suggested Greece would offer … Continue reading →

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