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Monthly Archives: June 2011
Silver: Advances in Asian session
Silver prices declined 2.57% to USD 34.91 per ounce during the 24 hours ending 23:00GMT, as concerns over an economic slowdown in China and the absence of several major European markets, including Germany, France, Switzerland and Spain due to holiday, … Continue reading
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Gold: Trading higher this morning
Gold prices traded lower by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1,517.01 per ounce, on heightened investors’ concerns over uncertain markets and a weaker US dollar. In the Asian session at 3:00GMT, gold is … Continue reading
Posted in Gold
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USD/CHF: Swiss Franc shines on euro-zone woes, global growth concerns
For the 24 hours to 23:00 GMT, USD declined 0.66% against the CHF and closed at 0.8369, as investors avoided the euro due to ongoing uncertainty over a Greek debt plan and ignored the dollar on signs of a slowing … Continue reading
Posted in USD/CHF
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AUD/USD: Aussie advances, China’s CPI not as bad as feared
For the 24 hours to 23:00 GMT, AUD strengthened 0.59% against the USD to close at 1.0599, after data showed that China’s growth remains steady, boosting demand for the South Pacific nation’s exports. In the US, the Federal Reserve Bank … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar heads higher
For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9764, despite further sharp declines in the price of oil. In the Asian session at 3:00GMT, the pair is trading at 0.9741, 0.24% lower … Continue reading
Posted in USD/CAD
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USD/JPY: Dollar a tad higher this morning
For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 80.16. In Japan, this morning, the business survey index of sentiment of large manufacturers, on quarterly basis, declined to -23.3 in the second quarter … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues to rise against greenback
For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.6363. In the UK, the RICS home price index declined to -28.0 in May compared to a reading of -21.0 in April. The pair … Continue reading
Posted in GBP/USD
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EUR/USD: S&P downgrades Greece, Euro trading higher this morning
For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD and closed at 1.4410. However gains were capped, after Standard & Poor’s cut Greece’s sovereign rating. Standard & Poor’s downgraded Greece to triple-C, with a negative outlook, … Continue reading
Posted in EUR/USD
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The Euro stabilizes
It was a relatively quiet Asia session with Australia on holiday. This allowed the euro to stabilise after Friday’s heavy fall. But the euro is clearly not out of the woods yet. Even if fresh cash for Greece is forthcoming concern is running high over how ratings agencies will respond to any private sector involvement. Whether the ECB may be forced to exclude Greek bonds as eligible collateral is another unknown. Finally there is continued anxiety over whether a credit event might be triggered accidentally. EURUSD traded 1.4300-1.4358 and USDJPY 80.19-80.69. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude Oil declined on Friday over Saudi Arabia’s plan to increase production
Oil prices declined 2.75% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.93, as a Saudi newspaper reported that Saudi oil officials had decided to increase production to 10 million barrels a day in … Continue reading
Posted in Crude Oil
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GBP/USD: Pound declined on Friday, amid poor industrial and manufacturing data
For the 24 hours to 23:00 GMT, GBP fell 0.85% against the USD, on Friday, and closed at 1.6226. In the UK, the industrial production, on monthly basis, declined by 1.7% in April, following a 0.2% increase in March. The … Continue reading
Posted in GBP/USD
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