Monthly Archives: June 2011

Crude Oil: Oil gains after OPEC keeps production unchanged

Posted on June 9, 2011 by GCI Financial

Oil prices advanced 1.41% against the USD for the 24 hour period ending 23:00GMT, closing at 101.09, as OPEC failed to reach an agreement on production targets and as US crude inventories declined more than expected. In the US, the … Continue reading →

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Silver: White metal continues its southward journey

Posted on June 9, 2011 by GCI Financial

Silver prices declined 0.97% to USD 36.76 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.73 per ounce, 0.08% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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GBP/USD: Pound declined yesterday after Moody’s warning on the UK’s Aaa credit rating

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6397, after the Moody’s Investors Service stated that the Britain’s AAA credit rating could be threatened if growth remains weak and the government does … Continue reading →

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Gold: Gold slipped yesterday on strong US dollar

Posted on June 9, 2011 by GCI Financial

Gold prices traded lower by 0.66% against the USD in the 24 hour period ending 23:00GMT, at 1,535.50 per ounce, as the dollar strengthened. In the Asian session at 3:00GMT, gold is trading at USD 1,536.00 per ounce, 0.03% higher … Continue reading →

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EUR/USD: ECB interest rate decision awaited

Posted on June 9, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.4592, amid poor Germany economic data and ahead of European Central Bank’s interest rate decision to be released today. In the Euro zone, the … Continue reading →

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USDJPY broke below 80.00 again during the Asia session

Posted on June 8, 2011 by GCI Financial

Risk appetite was generally subdued during the Asia session, after an article speculated on the likelihood of a hard landing for the Chinese economy. USDJPY broke below 80.00 again to hit a one-month low. EURUSD traded 1.4644-1.4697, USDJPY 79.75-80.28. Continue reading →

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AUD/USD: Pair continues its downward journey

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0714, after the RBA held its base interest rate unchanged and stated that the current policy settings are “appropriate.” In the Asian session at … Continue reading →

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Crude Oil: Inventory data from Energy Information Administration awaited later today

Posted on June 8, 2011 by GCI Financial

Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 99.68. The Organization of Petroleum Exporting Countries ministers are expected to increase production quotas at their meeting in Vienna, today. Late yesterday, the American … Continue reading →

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Silver: Trading lower this morning

Posted on June 8, 2011 by GCI Financial

Silver prices rose 0.76% to USD 37.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.86 per ounce, 0.70% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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USD/CAD: Trading higher this morning

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.55% against the CAD to close at 0.9743, as investors bought riskier assets. In the US, the Atlanta Federal Reserve President Dennis Lockhart, stated that the recent struggles of the US … Continue reading →

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USD/CHF: Swiss unemployment data awaited today

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.17% against the CHF and closed at 0.8363, as data on consumer prices from Switzerland damped the speculation that the nation’s central bank would the raise borrowing costs. In Switzerland, the … Continue reading →

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