Monthly Archives: June 2011

AUD/USD: Aussie trading above its MA’s

Posted on June 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.72% against the USD to close at 1.0537. In the US, the Richmond Federal Reserve Bank reported that its seasonally adjusted composite index of manufacturing activity rose to a reading of … Continue reading →

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Crude Oil: Trading lower in Asian session

Posted on June 29, 2011 by GCI Financial

Oil prices advanced 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 93.02. Late Tuesday, the American Petroleum Institute reported that crude oil inventories declined 2.7 million barrels in the week ended June 24. Gasoline supplies … Continue reading →

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Silver: Trading higher this morning

Posted on June 29, 2011 by GCI Financial

Silver prices rose 0.36% to USD 33.91 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.16 per ounce, 0.72% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal continues to shine

Posted on June 29, 2011 by GCI Financial

Gold prices traded higher by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1,501.75 per ounce, amid weaker dollar. In the Asian session at 3:00GMT, gold is trading at USD 1,504.60 per ounce, 0.19% higher from … Continue reading →

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USD/CHF: Swiss Franc continues to cement gains

Posted on June 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CHF and closed at 0.8329, on strong Swiss consumption data. In Switzerland, UBS consumption indicator rose by 0.34 points to 1.91 points in May, in comparison with 0.1 … Continue reading →

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USD/CAD: Canadian Dollar strengthened as optimism over Greek vote rises, trading flat this morning

Posted on June 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.36% against the CAD to close at 0.9819. Loonie advanced against the greenback as commodity prices rose on investors’ optimism over the Greece austerity package. In the US, the Federal Reserve … Continue reading →

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USD/JPY: Yen advances after yesterday’s fall

Posted on June 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.31% against the JPY and closed at 81.09. In Japan, this morning, the industrial production, on monthly basis, rose by 5.7% in May from 1.6% increase in the previous month. In … Continue reading →

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GBP/USD: Pound trading flat

Posted on June 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.5986, after Bank of England policy makers signalled they are concerned over the growth outlook. Bank of England Governor, Mervyn King stated that the … Continue reading →

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EUR/USD: Euro builds on rising Greece optimism, trading flat this morning

Posted on June 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.4356, on investors’ growing hopes that Greece would pass austerity measures and avoid defaulting on its debt, while German banks agreed to consider rolling … Continue reading →

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Euro manages to hold on to most of yesterday’s gains

Posted on June 28, 2011 by GCI Financial

The euro drifted off its highs but managed to hold on to most of yesterday’s gains ahead of the European session while risk appetite was fairly mixed. The S&P 500 closed up +0.9% on the day while the Nikkei was up +0.66% at the time of writing. EURUSD traded 1.4255-1.4330 and USDJPY 80.72-80.98. Continue reading →

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Crude Oil: Oil makes small gain in New York session, trading lower this morning

Posted on June 28, 2011 by GCI Financial

Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 91.39. Gains in oil prices were however limited, amid easing supply concerns and lingering fears of a financial default by Greece that may hit … Continue reading →

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