Daily Archives: June 24, 2011

Eurozone managed to make a recovery late into the US session

Posted on June 24, 2011 by GCI Financial

Trading during the Asia session was subdued after a volatile Thursday. Asian equity markets are up and there are no fresh signs of risk aversion. The Eurozone managed to make a recovery late into the US session as Greece, the EU and the IMF announced that a new deal had been reached regarding further austerity. The news was welcome respite for risk appetite, which had a very difficult today post-Fed and further softening in US data. Even though there is still significant implementation risk for Athens – beginning with the austerity vote next week, markets are now relatively confident that the worst has passed for now. Continue reading →

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Silver: White metal continues its downward journey

Posted on June 24, 2011 by GCI Financial

Silver prices declined 3.06% to USD 35.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.14 per ounce, 0.09% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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AUD/USD: Aussie down on Euro debt concerns

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.12% against the USD to close at 1.0543. In the Asian session at 3:00GMT, the pair is trading at 1.0530, 0.12% lower from yesterday’s close at 23:00 GMT. On Friday morning, … Continue reading →

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Gold: Trading flat this morning

Posted on June 24, 2011 by GCI Financial

Gold prices traded lower by 1.68% against the USD in the 24 hour period ending 23:00GMT, at 1,522.15 per ounce, as the dollar strengthened, curbing demand for the metal as an alternative investment. In the Asian session at 3:00GMT, gold … Continue reading →

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USD/CAD: Loonie stumbles for second on bleak US outlook, trading flat this morning

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.36% against the CAD to close at 0.9778. Canadian dollar declined as a rise in US weekly jobless claims added further woes to a bleak outlook for the US economy superseding … Continue reading →

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USD/CHF: Trading flat, after rising yesterday, as Swiss trade surplus rose

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.8380. In Switzerland, the trade surplus rose to CHF3.31 billion in May, compared to a trade surplus of CHF1.44 billion recorded in the previous … Continue reading →

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USD/JPY: Trading flat this morning

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.07% against the JPY and closed at 80.44. In Japan, yesterday, the Bank of Japan (BoJ) policymaker, Yoshihisa Morimoto, raised concerns over a slowing US economy and sovereign debt problems in … Continue reading →

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GBP/USD: Trading flat in Asian session

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6026. Pound remained under pressure, after a day before yesterday’s minutes of the last BOE meeting, which suggested that the Bank would think about … Continue reading →

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EUR/USD: Euro continues to fall, amid disappointing economic data

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.36% against the USD and closed at 1.4273. Euro remained under pressure despite the news that Greece has reached an agreement with the European Union and the International Monetary Fund for … Continue reading →

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