Monthly Archives: June 2011

Crude Oil: Trading lower in Asian session

Posted on June 15, 2011 by GCI Financial

Oil prices advanced 2.74% against the USD for the 24 hour period ending 23:00GMT, closing at 99.53. Late yesterday, the American Petroleum Institute reported that crude-oil inventories declined 3 million barrels in the week ended June 10. Gasoline stockpiles rose … Continue reading →

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Silver: Zooming higher

Posted on June 15, 2011 by GCI Financial

Silver prices rose 1.40% to USD 35.40 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.60 per ounce, 0.56% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Weak dollar buoys yellow metal, trading flat this morning

Posted on June 15, 2011 by GCI Financial

Gold prices traded higher by 0.57% against the USD in the 24 hour period ending 23:00GMT, at 1,525.65 per ounce, on inflation concerns fuelled by recent strong Chinese economic data, lingering worries over debt problems in Europe and the US … Continue reading →

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AUD/USD: Aussie continues to cement gains after Stevens stated that rate increase needed

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 1.0684. The Australian dollar was boosted after release of Chinese economic data, raising prospects for growth in exports from the South Pacific nations. In … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.94% against the CHF and closed at 0.8448. In Switzerland, the State Secretariat for Economic Affairs (SECO) retained its growth forecast for gross domestic product (GDP) at 2.1% for 2011. Meanwhile, … Continue reading →

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USD/CAD: Loonie trading flat in Asian session

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.80% against the CAD to close at 0.9686, supported by economic data from the US and China. In the US, the producer price index, on monthly basis rose by 0.2% in … Continue reading →

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USD/JPY: Japanese yen trading higher this morning

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 80.53. The Bank of Japan board voted unanimously to maintain its unsecured overnight call loan rate target unchanged in a range of 0.0%-0.1%. The … Continue reading →

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GBP/USD: Pound advances as inflation data stokes bets on rate increase, trading lower this morning

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6380, after the inflation report in the UK raised speculation that the Bank of England would raise interest rates. In the UK, the consumer … Continue reading →

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EUR/USD: Greenback regains this morning

Posted on June 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4445. In the US, the retail sales on monthly basis declined 0.2% to $387.1 billion in May, the first drop since June 2010. In … Continue reading →

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China’s data in line with expectations

Posted on June 14, 2011 by GCI Financial

Risk appetite was sell supported during the Asia session after Chinese economic data was more or less inline with Bloomberg consensus expectations but, crucially, was more benign than the market had feared going into the numbers. The Bank of Japan kept the policy rate range unchanged at 0-0.1% and changed neither the size of its monthly JGB intake, nor the size of its asset purchase facility. EURUSD traded 1.4346-1.4445, USDJPY 80.09-80.37. Continue reading →

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Crude Oil: Crude oil trading below its MA’s

Posted on June 14, 2011 by GCI Financial

Oil prices declined 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 96.88, as investors continued to doubt the global economic recovery, raising speculation that fuel demand may falter. At GMT 0300, Oil is trading at … Continue reading →

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