Daily Archives: June 14, 2011

China’s data in line with expectations

Posted on June 14, 2011 by GCI Financial

Risk appetite was sell supported during the Asia session after Chinese economic data was more or less inline with Bloomberg consensus expectations but, crucially, was more benign than the market had feared going into the numbers. The Bank of Japan kept the policy rate range unchanged at 0-0.1% and changed neither the size of its monthly JGB intake, nor the size of its asset purchase facility. EURUSD traded 1.4346-1.4445, USDJPY 80.09-80.37. Continue reading →

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Crude Oil: Crude oil trading below its MA’s

Posted on June 14, 2011 by GCI Financial

Oil prices declined 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 96.88, as investors continued to doubt the global economic recovery, raising speculation that fuel demand may falter. At GMT 0300, Oil is trading at … Continue reading →

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Silver: Advances in Asian session

Posted on June 14, 2011 by GCI Financial

Silver prices declined 2.57% to USD 34.91 per ounce during the 24 hours ending 23:00GMT, as concerns over an economic slowdown in China and the absence of several major European markets, including Germany, France, Switzerland and Spain due to holiday, … Continue reading →

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Gold: Trading higher this morning

Posted on June 14, 2011 by GCI Financial

Gold prices traded lower by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1,517.01 per ounce, on heightened investors’ concerns over uncertain markets and a weaker US dollar. In the Asian session at 3:00GMT, gold is … Continue reading →

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USD/CHF: Swiss Franc shines on euro-zone woes, global growth concerns

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.66% against the CHF and closed at 0.8369, as investors avoided the euro due to ongoing uncertainty over a Greek debt plan and ignored the dollar on signs of a slowing … Continue reading →

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AUD/USD: Aussie advances, China’s CPI not as bad as feared

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.59% against the USD to close at 1.0599, after data showed that China’s growth remains steady, boosting demand for the South Pacific nation’s exports. In the US, the Federal Reserve Bank … Continue reading →

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USD/CAD: Canadian dollar heads higher

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9764, despite further sharp declines in the price of oil. In the Asian session at 3:00GMT, the pair is trading at 0.9741, 0.24% lower … Continue reading →

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USD/JPY: Dollar a tad higher this morning

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 80.16. In Japan, this morning, the business survey index of sentiment of large manufacturers, on quarterly basis, declined to -23.3 in the second quarter … Continue reading →

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GBP/USD: Pound continues to rise against greenback

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.6363. In the UK, the RICS home price index declined to -28.0 in May compared to a reading of -21.0 in April. The pair … Continue reading →

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EUR/USD: S&P downgrades Greece, Euro trading higher this morning

Posted on June 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD and closed at 1.4410. However gains were capped, after Standard & Poor’s cut Greece’s sovereign rating. Standard & Poor’s downgraded Greece to triple-C, with a negative outlook, … Continue reading →

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