Daily Archives: June 22, 2011

Papandreou’s government survives the confidence vote

Posted on June 22, 2011 by GCI Financial

Greek Prime Minister Papandreou’s government has survived the confidence vote in the Greek parliament. The euro jumped 35 pips higher on the news, but settled back down again a few moments later. Risk appetite had already improved substantially ahead of the vote as investors correctly anticipated the outcome. EURUSD traded at 1.4346-1.4434, and USDJPY at 80.20-80.33. Continue reading →

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Crude Oil: Investors await the EIA inventory reports

Posted on June 22, 2011 by GCI Financial

Oil prices advanced 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 93.67. Gains were however limited amid rising speculation that OPEC countries including Saudi Arabia would increase supplies. Late Tuesday, the American Petroleum Institute reported … Continue reading →

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Silver: Trading lower in the Asian session

Posted on June 22, 2011 by GCI Financial

Silver prices rose 1.42% to USD 36.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.35 per ounce, 0.22% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal continues its winning run

Posted on June 22, 2011 by GCI Financial

Gold prices traded higher by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1,546.05 per ounce, as a weaker dollar and continuing concerns over Greece debt crisis, raised appeal for safe-haven assets. In the Asian session … Continue reading →

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AUD/USD: Pair trading between its MA’s

Posted on June 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.09% against the USD to close at 1.0584. In the US economic news, the existing home sales, on a monthly basis, declined by 3.8% to an annual rate of 4.81 million … Continue reading →

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USD/CAD: Loonie rose after mixed Canadian data, trading almost flat in Asian session

Posted on June 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.65% against the CAD to close at 0.9728. In Canada, the retail sales increased by 0.3% (M-o-M) in April, following a 0.1% drop in March. Additionally, the leading indicators increased by … Continue reading →

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USD/CHF: Trading flat this morning

Posted on June 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.8423. The Swiss National Bank President, Philipp Hildebrand signalled that the central bank would continue to keep its options open in pursuing its mandate … Continue reading →

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USD/JPY: Japanese yen trading flat

Posted on June 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded marginally higher against the JPY and closed at 80.26. In Japan, yesterday, the all industry activity index, on monthly basis, rose by 1.5% in April following a 6.4% decline in the … Continue reading →

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GBP/USD: Trading flat, Fisher indicates BOE hasn’t ruled out more stimulus

Posted on June 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6214. The Bank of England Markets Director Paul Fisher stated that officials have not ruled out adding to their bond-purchase program if needed to … Continue reading →

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EUR/USD: Euro stabilises after Greek vote

Posted on June 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.4366, after news the Greece’s Prime Minister George Papandreou had won a vote of confidence, seen as the first step in winning financing that … Continue reading →

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