Daily Archives: June 17, 2011

EUR volatile

Posted on June 17, 2011 by GCI Financial

The euro weakened towards the end of the Asia session, having earlier found support after the IMF predicted a positive outcome from Monday’s meeting of Eurozone finance ministers. Nevertheless, uncertainty prevails over whether Greece will receive the next quarterly instalment of funds, and whether parliamentary approval of the new austerity measures is still a prerequisite. EURUSD recovered and traded at 1.4128-1.4222, while USDJPY traded at 80.49-80.76. Continue reading →

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Crude Oil: Oil Prices held back by Eurozone fears

Posted on June 17, 2011 by GCI Financial

Oil prices declined 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, amid uncertainty surrounding the European debt crisis and after report showing a manufacturing slowdown in the Philadelphia area. The IEA, in its monthly … Continue reading →

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Gold: Tad lower this morning

Posted on June 17, 2011 by GCI Financial

Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1,528.63 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,527.18 per ounce, 0.09% lower from 23:00GMT. The pair … Continue reading →

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Silver: Trading lower in the Asian session

Posted on June 17, 2011 by GCI Financial

Silver prices declined 0.41% to USD 35.54 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.47 per ounce, 0.20% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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AUD/USD: Aussie continues to trade lower this morning

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0559. In the US, the current account deficit widened to $119.3 billion in the first quarter of 2011, following a revised current account deficit … Continue reading →

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USD/CAD: Loonie hit for second day, as Greece concerns mount

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.32% against the CAD to close at 0.9814, as investors sought a safe haven in the greenback amid fears that Greece could default on its debt. In Canada, the foreign investment … Continue reading →

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USD/CHF: SNB keeps rates on hold, signals concern on Swiss Franc level

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.48% against the CHF and closed at 0.8485, after reports showed that the Swiss central bank left its benchmark interest rate near zero. The Swiss National Bank (SNB) on Thursday maintained … Continue reading →

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USD/JPY: BoJ minutes states additional easing may be required, Yen trading flat this morning

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.32% against the JPY and closed at 80.60. In Japan, minutes from the Bank of Japan’s (BoJ) monetary policy meeting showed that the need for additional easing measures remains potentially strong. … Continue reading →

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GBP/USD: Continues to lose steam

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6161, amid poor UK jobs and retail sales data, adding further weight to calls for the Bank of England to keep interest rates on … Continue reading →

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EUR/USD: Trading lower this morning, Trichet presses strong euro zone reforms

Posted on June 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.11% against the USD and closed at 1.4198. European Central Bank President, Jean-Claude Trichet stated yesterday that the 17 nations that use the euro must implement crucial governance reforms that would … Continue reading →

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