Daily Archives: June 6, 2011

The Dollar stabilizes

Posted on June 6, 2011 by GCI Financial

With China, Hong Kong, Korea and Taiwan on holiday, and the G10 economic calendar light, FX markets were range bound during the Asia session. EURUSD traded 1.4608-1.4658, USDJPY 80.17-80.40. Continue reading →

Posted in Market Snapshot | Leave a comment

Crude Oil: Crude slips, holds $100 per barrel levels

Posted on June 6, 2011 by GCI Financial

Oil prices declined 0.08% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.59. At GMT 0300, Oil is trading at USD 100.06 per barrel in the Asian session, 0.53% lower from 23:00GMT. The pair … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal trading above its MA’s

Posted on June 6, 2011 by GCI Financial

Silver prices declined 0.41% to USD 36.18 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.78 per ounce, 1.66% higher, from 23:00GMT. The first level of short … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold shines as weak greenback spurs precious metals

Posted on June 6, 2011 by GCI Financial

Gold prices traded higher by 0.56% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,541.70 per ounce, as dollar weakened, after economic data signaled that the recovery may be faltering, boosting the appeal for precious … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Aussie continues to zoom higher

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD, on Friday, to close at 1.0715. In Australia, the TD securities inflation rose by 0.2% in May from 0.3% increase in April. Meanwhile, the Australian ANZ job … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie tad higher this morning

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD on Friday, to close at 0.9781. In the Asian session at 3:00GMT, the pair is trading at 0.9779, 0.02% lower from yesterday’s close at 23:00 GMT. The … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Greenback tumbles after US jobs data, trading higher this morning

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.14% against the CHF, on Friday, and closed at 0.8333. The dollar fell against Swiss franc on Friday after a report showed the US economy created far fewer jobs than expected … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Pair trading flat this morning

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.86% against the JPY, on Friday, and closed at 80.26. The greenback was under pressure on Friday after release of poor US employment data, raising concerns over the economic recovery. The … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Cementing gains

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD, on Friday, and closed at 1.6425. In the UK, the business activity index fell to 53.8 in May, compared to a reading of 54.3 posted in the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro advances as debt crisis concerns ease

Posted on June 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.08% against the USD, on Friday, and closed at 1.4637, after the European Officials agreed for a new aid package for Greece, easing concerns over the region’s debt crisis. In the … Continue reading →

Posted in EUR/USD | Leave a comment