Daily Archives: June 23, 2011

FOMC decision boosts the dollar

Posted on June 23, 2011 by GCI Financial

The dollar found some consolidation in the wake of yesterday’s FOMC decision. The statement itself confirmed that QE3 will finish on schedule at the end of June, and Fed Chairman Bernanke cited inflation as a reason why further stimulus would not be forthcoming. The key policy language pledging to keep the policy rate “exceptionally low&for an extended period” was unchanged. Continue reading →

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Crude Oil: Oil extended its gains on EIA inventory data

Posted on June 23, 2011 by GCI Financial

Oil prices advanced 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 94.16, after a report showed decline in the crude oil inventories. In the US, the Energy Information Administration (EIA) reported that commercial crude oil … Continue reading →

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Silver: Continues to trade lower in Asian session

Posted on June 23, 2011 by GCI Financial

Silver prices declined 0.43% to USD 36.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.18 per ounce, 0.26% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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AUD/USD: Australian dollar stays low after US signals end of stimulus

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.26% against the USD to close at 1.0556, after the US central bank indicated it would not expand it’s economic stimulus plan. This morning, the Conference Board’s Leading Economic Index for … Continue reading →

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Gold: Yellow metal solidifies gains on steady Fed Policy, trading lower this morning

Posted on June 23, 2011 by GCI Financial

Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1,548.15 per ounce, as the Federal Reserve showed concerns over the US economic growth, and left its monetary policy unchanged. In the Asian … Continue reading →

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USD/CAD: Loonie trading flat this morning

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 0.9743, after the US Federal Open Market Committee held steady near-zero interest rates in US and Fed Chairman, Ben Bernanke downplayed a another quantitative … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.20% against the CHF and closed at 0.8406. In Switzerland the economic expectations declined to -24.3 points in June, from -11.5 points recorded in May. In the Asian session, at 3:00GMT, … Continue reading →

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USD/JPY: Dollar continues to gain, Ben Bernanke plays down QE3

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 80.38, after the release of the latest Fed decision on monetary policy. The Fed decided to keep the target range for the federal funds … Continue reading →

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GBP/USD: USD continues to cement gains against Pound

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.95% against the USD and closed at 1.6060. The minutes released yesterday, from the Bank of England’s most recent meeting showed that more policy makers voted to keep interest rates at … Continue reading →

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EUR/USD: Greenback continues to advance versus Euro, as Fed signals no additional easing

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.29% against the USD and closed at 1.4324. The US dollar surged against its majority counterparts, after the Federal Reserve Chairman, Ben Bernanke gave no indication that they would embark on … Continue reading →

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