Daily Archives: June 16, 2011

Risk aversion remains the main theme

Posted on June 16, 2011 by GCI Financial

Ongoing political uncertainty in Greece and still no consensus with respect to a private sector involvement in a new bailout scheme is keeping demand for EUR-denominated assets low. Overnight, EURUSD traded 1.4191-1.4093 and USDJPY 81.93-80.85. Continue reading →

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Crude Oil: Crude oil dropped on demand concerns

Posted on June 16, 2011 by GCI Financial

Oil prices declined 4.09% against the USD for the 24 hour period ending 23:00GMT, closing at 95.46, amid fears that Greece’s debt crisis would reduce the demand. In the US, the Energy Information Administration reported that the domestic crude inventories … Continue reading →

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Gold: Trading lower this morning

Posted on June 16, 2011 by GCI Financial

Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1,529.98 per ounce, amid signs that Greece’s debt crisis may escalate and fears over a US economic slowdown. In the Asian session at … Continue reading →

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Silver: Trading lower in the Asian session

Posted on June 16, 2011 by GCI Financial

Silver prices rose 0.81% to USD 35.69 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.56 per ounce, 0.36% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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AUD/USD: Aussie drops as Greek contagion fears escalate, trading flat this morning

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.00% against the USD to close at 1.0577, as Greece’s sovereign debt crisis spooked risk appetite for Australian dollar. Investors remained worried that Greece’s debt crisis remained highly unstable and that … Continue reading →

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USD/CAD: Loonie declines amid weak data, Greek worries

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.00% against the CAD to close at 0.9783. Canadian dollar declined following weaker Canadian and the US economic data and amid renewed concerns that the Greek debt crisis could escalate. In … Continue reading →

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USD/JPY: Yen extends decline

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.41% against the JPY and closed at 80.86. The Bank of Japan, yesterday, indicated that the Japanese economy is showing some signs of growth, upgrading its assessment for the first time … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning, Investors focused on SNB interest rate decision

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.92% against the CHF and closed at 0.8526. In the US, the industrial production, on a monthly basis, rose by 0.1% in May, compared to a flat reading recorded in April. … Continue reading →

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GBP/USD: Pound trading marginally higher this morning

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.15% against the USD and closed at 1.6191, amid poor UK job data. The number of people claiming jobseeker’s allowance in the UK rose by 19,600 to 1.49 million in May. … Continue reading →

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EUR/USD: Euro backpedals as debt woes deepen, trading marginally higher this morning

Posted on June 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.82% against the USD and closed at 1.4182. Euro came under pressure, as investor concerns grew that Greece’s debt crisis may be getting out of control, as a new bailout scheme … Continue reading →

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