Daily Archives: June 8, 2011

USDJPY broke below 80.00 again during the Asia session

Posted on June 8, 2011 by GCI Financial

Risk appetite was generally subdued during the Asia session, after an article speculated on the likelihood of a hard landing for the Chinese economy. USDJPY broke below 80.00 again to hit a one-month low. EURUSD traded 1.4644-1.4697, USDJPY 79.75-80.28. Continue reading →

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AUD/USD: Pair continues its downward journey

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0714, after the RBA held its base interest rate unchanged and stated that the current policy settings are “appropriate.” In the Asian session at … Continue reading →

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Crude Oil: Inventory data from Energy Information Administration awaited later today

Posted on June 8, 2011 by GCI Financial

Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 99.68. The Organization of Petroleum Exporting Countries ministers are expected to increase production quotas at their meeting in Vienna, today. Late yesterday, the American … Continue reading →

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Silver: Trading lower this morning

Posted on June 8, 2011 by GCI Financial

Silver prices rose 0.76% to USD 37.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.86 per ounce, 0.70% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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USD/CAD: Trading higher this morning

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.55% against the CAD to close at 0.9743, as investors bought riskier assets. In the US, the Atlanta Federal Reserve President Dennis Lockhart, stated that the recent struggles of the US … Continue reading →

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USD/CHF: Swiss unemployment data awaited today

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.17% against the CHF and closed at 0.8363, as data on consumer prices from Switzerland damped the speculation that the nation’s central bank would the raise borrowing costs. In Switzerland, the … Continue reading →

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Gold: Yellow metal declines on profit booking in Asian session

Posted on June 8, 2011 by GCI Financial

Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1,545.67 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,540.25 per ounce, 0.35% lower from 23:00GMT. The pair … Continue reading →

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USD/JPY: Pair is trading lower this morning

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 80.16. In the US, the Federal Reserve Bank of New York President, William C. Dudley stated that US must reduce the federal budget deficit … Continue reading →

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GBP/USD: Pound backpedals this morning after yesterday’s surge

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6438, as the ECB President, Jean-Claude Trichet, signaled his support for Greek government bond rollovers, lifting demand for riskier assets. Meanwhile, the US FED, … Continue reading →

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EUR/USD: Trading below its MA

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.4684. The Fed Chairman, Ben Bernanke stated that the US economy would pick up in the second half of the year as the labor … Continue reading →

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