Daily Archives: June 7, 2011

The dollar gave back some of yesterday’s gains

Posted on June 7, 2011 by GCI Financial

The dollar gave back some of yesterday’s gains against the euro during the Asia session, after several hours passed without any further euro-negative headlines from inside the Eurozone. EURUSD traded 1.4557-1.4616, USDJPY 80.05-80.33. Continue reading →

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Silver: Declines sharply this morning

Posted on June 7, 2011 by GCI Financial

Silver prices rose 1.26% to USD 36.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.57 per ounce, 0.73% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude Oil declines ahead of OPEC decision

Posted on June 7, 2011 by GCI Financial

Oil prices declined 1.67% against the USD for the 24 hour period ending 23:00GMT, closing at 98.74, on speculation that OPEC is likely to increase the output. At GMT 0300, Oil is trading at USD 98.48 per barrel in the … Continue reading →

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AUD/USD: Trading flat this morning, RBA’s interest rate decision awaited

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.21% against the USD to close at 1.0726. In Australia, the Australian industry group and housing industry association have reported that the construction index rose to 39.6 in May, from 37.9 … Continue reading →

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Gold: Trading marginally lower in Asian session

Posted on June 7, 2011 by GCI Financial

Gold prices traded higher by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1,544.25 per ounce, as concerns over global economic recovery supported the buying of safe-haven assets. In the Asian session at 3:00GMT, gold is … Continue reading →

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USD/CAD: Loonie declines on weaker oil prices

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 0.9797, amid concerns about the slowing US economy and weakened oil prices. In the US, the Federal Reserve Bank of Philadelphia President, Charles Plosser, … Continue reading →

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USD/CHF: Pair continues its upward journey

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CHF and closed at 0.8349. In the Asian session, at 3:00GMT, the pair is trading at 0.8352, 0.04% higher from yesterday’s close at 23:00 GMT. The pair has … Continue reading →

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USD/JPY: Yen gains on risk aversion

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.16% against the JPY and closed at 80.13, as slowing global economy spurred investors demand for Yen as refuge. Federal Reserve Bank of Dallas President, Richard Fisher stated that the central … Continue reading →

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GBP/USD: Trading lower this morning after dismal same store sales data

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.63% against the USD and closed at 1.6349. The IMF’s annual economic assessment of the UK indicates that economic recovery is broadly on track, though the UK may need to consider … Continue reading →

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EUR/USD: Trading flat this morning

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.4579, after the Euro-zone Finance Minister, Jean-Claude Juncker stated that second Greek bailout was not yet certain, although speculation that Greece would be able … Continue reading →

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