Monthly Archives: June 2011

Gold: Yellow metal declines on profit booking in Asian session

Posted on June 8, 2011 by GCI Financial

Gold prices traded higher by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1,545.67 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,540.25 per ounce, 0.35% lower from 23:00GMT. The pair … Continue reading →

Posted in Gold | Leave a comment

USD/JPY: Pair is trading lower this morning

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 80.16. In the US, the Federal Reserve Bank of New York President, William C. Dudley stated that US must reduce the federal budget deficit … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound backpedals this morning after yesterday’s surge

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6438, as the ECB President, Jean-Claude Trichet, signaled his support for Greek government bond rollovers, lifting demand for riskier assets. Meanwhile, the US FED, … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Trading below its MA

Posted on June 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.4684. The Fed Chairman, Ben Bernanke stated that the US economy would pick up in the second half of the year as the labor … Continue reading →

Posted in EUR/USD | Leave a comment

The dollar gave back some of yesterday’s gains

Posted on June 7, 2011 by GCI Financial

The dollar gave back some of yesterday’s gains against the euro during the Asia session, after several hours passed without any further euro-negative headlines from inside the Eurozone. EURUSD traded 1.4557-1.4616, USDJPY 80.05-80.33. Continue reading →

Posted in Market Snapshot | Leave a comment

Silver: Declines sharply this morning

Posted on June 7, 2011 by GCI Financial

Silver prices rose 1.26% to USD 36.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.57 per ounce, 0.73% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Crude Oil declines ahead of OPEC decision

Posted on June 7, 2011 by GCI Financial

Oil prices declined 1.67% against the USD for the 24 hour period ending 23:00GMT, closing at 98.74, on speculation that OPEC is likely to increase the output. At GMT 0300, Oil is trading at USD 98.48 per barrel in the … Continue reading →

Posted in Crude Oil | Leave a comment

AUD/USD: Trading flat this morning, RBA’s interest rate decision awaited

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.21% against the USD to close at 1.0726. In Australia, the Australian industry group and housing industry association have reported that the construction index rose to 39.6 in May, from 37.9 … Continue reading →

Posted in AUD/USD | Leave a comment

Gold: Trading marginally lower in Asian session

Posted on June 7, 2011 by GCI Financial

Gold prices traded higher by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1,544.25 per ounce, as concerns over global economic recovery supported the buying of safe-haven assets. In the Asian session at 3:00GMT, gold is … Continue reading →

Posted in Gold | Leave a comment

USD/CAD: Loonie declines on weaker oil prices

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 0.9797, amid concerns about the slowing US economy and weakened oil prices. In the US, the Federal Reserve Bank of Philadelphia President, Charles Plosser, … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Pair continues its upward journey

Posted on June 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CHF and closed at 0.8349. In the Asian session, at 3:00GMT, the pair is trading at 0.8352, 0.04% higher from yesterday’s close at 23:00 GMT. The pair has … Continue reading →

Posted in USD/CHF | Leave a comment