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Daily Archives: June 27, 2011
Greek parliament due to vote on last week’s agreed austerity package
The dollar has generally kept a bid tone overnight as markets remain wary ahead of further Eurozone event risk this week. The Greek parliament is due to vote on last week’s agreed austerity package on Wednesday/Thursday and many fear a repeat of last week’s politically-induced volatility. Despite some positive headlines both from within Greece and the Eurozone, as well as pledges of further Chinese support from Premier Wen Jiabao – who arrives in Berlin this week for talks – the lack of a comprehensive solution continues to undermine the currency. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie trades lower as risk appetite ebbs on Greece
For the 24 hours to 23:00 GMT, AUD weakened 0.49% against the USD, on Friday, to close at 1.0491, as concern that a Greek austerity plan won’t resolve Europe’s sovereign-debt crisis damped investors risk appetite. In the US, the orders … Continue reading
Posted in AUD/USD
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Crude Oil: Oil extends losses in Asian trade
Oil prices declined 0.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 91.19, on concerns that the slowing US economic growth would reduce the demand for oil. At GMT 0300, Oil is trading at … Continue reading
Posted in Crude Oil
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USD/CAD: Loonie lower amid Greek default concerns, economic worries
For the 24 hours to 23:00 GMT, USD rose 0.90% against the CAD, on Friday, to close at 0.9866, amid concerns over a Greek government default, sliding commodities and weakening US economic growth. . In the US, the gross domestic … Continue reading
Posted in USD/CAD
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Silver: Continues to trade lower
Silver prices declined 2.49% to USD 34.29 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.06 per ounce, 0.67% lower, from 23:00GMT. The first level of short … Continue reading
Posted in Silver
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USD/CHF: Swiss Franc makes steady northwards moves
For the 24 hours to 23:00 GMT, USD traded flat against the CHF, on Friday, and closed at 0.8380. Swiss Franc traded flat against the greenback as fears that the austerity plan to stabilize Greece would not resolve Europe’s sovereign-debt … Continue reading
Posted in USD/CHF
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USD/JPY: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.05% against the JPY, on Friday, and closed at 80.48. In the Asian session at 3:00GMT, the pair is trading higher from Friday’s close at 23:00 GMT, by 0.29%, at 80.71. … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues to trade lower
For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD, on Friday, and closed at 1.5966, amid speculation that the Bank of England would keep interest rates at a record low to counter the stumbling economic growth. … Continue reading
Posted in GBP/USD
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Gold: Trading flat this morning
Gold prices traded lower by 1.38% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,501.22 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,502.15 per ounce, 0.06% higher from 23:00GMT. … Continue reading
Posted in Gold
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EUR/USD: Euro slips further, amid new jitters over sovereign debt
For the 24 hours to 23:00 GMT, EUR declined 0.67% against the USD, on Friday, and closed at 1.4177, ahead of Greece votes on budget cuts this week. The Greek Parliament would vote on Tuesday on a 5-year austerity plan … Continue reading
Posted in EUR/USD
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