Daily Archives: June 9, 2011

The dollar gave back some of yesterday’s gains against the euro

Posted on June 9, 2011 by GCI Financial

The dollar gave back some of yesterday’s gains against the euro, but losses were most pronounced against the New Zealand dollar. Although the RBNZ kept policy unchanged, the policy statement contained a reference to future rate hikes, which propelled NZDUSD about 80 pips higher. EURUSD traded 1.4564-1.4632, USDJPY 79.79-80.30. Continue reading →

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USD/CAD: Trading lower in the Asian session

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.53% against the CAD to close at 0.9795. In the US, the mortgage application volume, on a seasonally adjusted basis, declined by 0.4% in the week ended 3 June 2011, from … Continue reading →

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AUD/USD: Trading lower in the Asian session

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.70% against the USD to close at 1.0639. According to the US Federal Reserve’s latest Beige Book, economic activity has dropped off in several regions of the US, although the broader … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CHF and closed at 0.8358. In Switzerland, the unemployment rate, on a seasonally adjusted basis, declined to 3.0% in May, compared to an unemployment rate of 3.1% recorded … Continue reading →

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USD/JPY: Trading higher this morning

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.32% against the JPY and closed at 79.90, after the Ben Bernanke statement, on late Tuesday, raised concerns over the slow US economic recovery. In Japan, yesterday, the current conditions index … Continue reading →

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Crude Oil: Oil gains after OPEC keeps production unchanged

Posted on June 9, 2011 by GCI Financial

Oil prices advanced 1.41% against the USD for the 24 hour period ending 23:00GMT, closing at 101.09, as OPEC failed to reach an agreement on production targets and as US crude inventories declined more than expected. In the US, the … Continue reading →

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Silver: White metal continues its southward journey

Posted on June 9, 2011 by GCI Financial

Silver prices declined 0.97% to USD 36.76 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.73 per ounce, 0.08% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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GBP/USD: Pound declined yesterday after Moody’s warning on the UK’s Aaa credit rating

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6397, after the Moody’s Investors Service stated that the Britain’s AAA credit rating could be threatened if growth remains weak and the government does … Continue reading →

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Gold: Gold slipped yesterday on strong US dollar

Posted on June 9, 2011 by GCI Financial

Gold prices traded lower by 0.66% against the USD in the 24 hour period ending 23:00GMT, at 1,535.50 per ounce, as the dollar strengthened. In the Asian session at 3:00GMT, gold is trading at USD 1,536.00 per ounce, 0.03% higher … Continue reading →

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EUR/USD: ECB interest rate decision awaited

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.4592, amid poor Germany economic data and ahead of European Central Bank’s interest rate decision to be released today. In the Euro zone, the … Continue reading →

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