Daily Archives: June 10, 2011

Euro still seeking direction

Posted on June 10, 2011 by GCI Financial

The euro eventually came under pressure towards the end of the Asia session. But traffic was not all one-way – earlier, an unexpected rate hike from the Bank of Korea along with better-than-expected import data from China briefly kept risk appetite supported. EURUSD traded 1.4484-1.4551 and USDJPY 80.03-80.47. Continue reading →

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Crude Oil: Crude oil extends gains

Posted on June 10, 2011 by GCI Financial

Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 101.73, as OPEC on Wednesday decided to keep oil supplies unchanged. Further, oil climbed after the US trade deficit unexpectedly narrowed in April. At … Continue reading →

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Silver: Trading lower this morning, after a surge yesterday

Posted on June 10, 2011 by GCI Financial

Silver prices rose 2.34% to USD 37.62 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.58 per ounce, 0.11% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold rises on ECB’s interest rate cues

Posted on June 10, 2011 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,542.90 per ounce, after the European Central Bank kept its interest rate unchanged but signaled a rate hike may be forthcoming next month. … Continue reading →

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GBP/USD: Trading flat this morning

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6365. The Bank of England’s (BoE) Monetary Policy Committee decided to retain the interest rate at a record low of 0.5%, matching market estimates. … Continue reading →

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AUD/USD: Trading flat in the Asian session

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0625. In the US, the initial jobless claims unexpectedly rose to 427,000 for the week ended 4 June 2011, compared to the previous week’s … Continue reading →

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USD/CAD: Canadian dollar climbed as oil prices rise and US trade gap narrows

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.65% against the CAD to close at 0.9731. Canadian dollar advanced amid surge in oil prices and as US trade deficit narrowed unexpectedly. In the US, the trade deficit narrowed to … Continue reading →

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USD/CHF: Trading between its MA

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.8414. In the US, the wholesale inventories increased by 0.8% (M-o-M) in April, compared to an upwardly revised 1.3% gain recorded in March. In … Continue reading →

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USD/JPY: Trading lower in the Asian session

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.53% against the JPY and closed at80.32. In Japan, yesterday, the consumer sentiment index rose to a reading of 34.2 in May, following a reading of 33.1 posted in the previous … Continue reading →

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EUR/USD: Euro declined on Trichet comments and Greek economic woes

Posted on June 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.4513. The European Central Bank (ECB) maintained its key interest rate unchanged at 1.25%, matching market estimates, and rejected any direct participation by the … Continue reading →

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