Daily Archives: June 21, 2011

Greek Parliament is due to hold a confidence vote

Posted on June 21, 2011 by GCI Financial

Headline risk continues to prevail but admittedly yesterday’s comments from the Eurogroup and Ecofin meetings failed to provide any new information. The powers that be appear to be waiting for political risk in Greece to clear before making any fresh commitments, but other pan-Eurozone matters are steadily being resolved, and the news of EFSF lending capacity expansion was much welcomed. Continue reading →

Posted in Market Snapshot | Leave a comment

Crude Oil: Oil extends gains as dollar weakens

Posted on June 21, 2011 by GCI Financial

Oil prices advanced 0.42% against the USD for the 24 hour period ending 23:00GMT, closing at 93.43, as some relative optimism over Greece’s debt-situation and a weaker dollar helped support prices. Investors continued to monitor the euro-zone’s sovereign-debt situation and … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading lower this morning

Posted on June 21, 2011 by GCI Financial

Silver prices declined 0.52% to USD 35.92 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.86 per ounce, 0.18% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal continues to trade flat

Posted on June 21, 2011 by GCI Financial

Gold prices traded higher by 0.02% against the USD in the 24 hour period ending 23:00GMT, at 1,539.75 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,540.45 per ounce, 0.05% higher from 23:00GMT. The pair … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Aussie falls as RBA kept interest rates unchanged

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD to close at 1.0594, after the Reserve Bank of Australia stated in minutes of June’s meeting that it was “prudent” to keep interest rates unchanged amid concern … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Pair trading below its MA’s

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.17% against the CAD to close at 0.9792. In the Asian session at 3:00GMT, the pair is trading at 0.9785, 0.07% lower from yesterday’s close at 23:00 GMT. The first area … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swissy down as Greek emergency loan delay weighs

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.46% against the CHF and closed at 0.8449, as a delay by euro zone finance ministers on a final decision over emergency loans for Greece bolstered safe haven demand. In the … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen trading higher after yesterday’s fall

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY and closed at 80.25, on poor Japanese trade data. In Japan, yesterday, the leading index fell to 96.2 in April from 96.4 in March. Meanwhile, the coincident … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound erases losses versus US dollar, trading higher this morning

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.6209. The European finance ministers kept on hold the decision to extend a fresh loan package to Greece, raising the appeal for the pound … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro trading marginally higher, as focus shifts to Greek austerity

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4325, after European officials reassured investors over the Greece default. The Euro zone finance ministers, yesterday, stated that a clear, new financing strategy for … Continue reading →

Posted in EUR/USD | Leave a comment