Monthly Archives: June 2011

Silver: Trading flat

Posted on June 28, 2011 by GCI Financial

Silver prices declined 0.90% to USD 33.81 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 33.79 per ounce, flat from 23:00GMT. The first level of short term resistance on … Continue reading →

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Gold: Yellow metal back pedals as safe-haven bids ease

Posted on June 28, 2011 by GCI Financial

Gold prices traded lower by 0.15% against the USD in the 24 hour period ending 23:00GMT, at 1,499.00 per ounce, weighed down by economic optimism as investors bet debt-laden Greece would take action needed to avoid a default, pressuring safe-haven … Continue reading →

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AUD/USD: Continues to trade flat

Posted on June 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0462, as fears over Greece’s debt problems eased. The Reserve Bank of Australia (RBA) Assistant Governor, Guy Debelle stated that local banks had actually … Continue reading →

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USD/CAD: Loonie firms on hopes of progress in Greece, trading flat this morning

Posted on June 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.37% against the CAD to close at 0.9854. The Canadian dollar strengthened yesterday, as new developments in Europe helped ease fears of a Greek government debt default. France offered a solution … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on June 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CHF and closed at 0.8341, after the US Commerce Department reported that consumer spending data in the US was weakest in nearly a year. In the US, on … Continue reading →

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USD/JPY: Japanese Yen trading lower this morning

Posted on June 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.47% against the JPY and closed at 80.84. In Japan, this morning, the retail sales, on annual basis, declined by 1.3% in May following a 4.8% decline in the previous month. … Continue reading →

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GBP/USD: Pound trading marginally lower this morning, Investors awaits UK’s Q1 GDP

Posted on June 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5991, on investors expectations that the business activity would pickup, encouraging them to pare bets that the borrowing costs would remain at a record … Continue reading →

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EUR/USD: Euro gains as Greece debt plan eases default concern, trading flat this morning

Posted on June 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.02% against the USD and closed at 1.4314, on speculation that Greece Parliament would approve an austerity package this week and avoid defaulting on its debt. The German Finance Minister, Wolfgang … Continue reading →

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Greek parliament due to vote on last week’s agreed austerity package

Posted on June 27, 2011 by GCI Financial

The dollar has generally kept a bid tone overnight as markets remain wary ahead of further Eurozone event risk this week. The Greek parliament is due to vote on last week’s agreed austerity package on Wednesday/Thursday and many fear a repeat of last week’s politically-induced volatility. Despite some positive headlines both from within Greece and the Eurozone, as well as pledges of further Chinese support from Premier Wen Jiabao – who arrives in Berlin this week for talks – the lack of a comprehensive solution continues to undermine the currency. Continue reading →

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AUD/USD: Aussie trades lower as risk appetite ebbs on Greece

Posted on June 27, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.49% against the USD, on Friday, to close at 1.0491, as concern that a Greek austerity plan won’t resolve Europe’s sovereign-debt crisis damped investors risk appetite. In the US, the orders … Continue reading →

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Crude Oil: Oil extends losses in Asian trade

Posted on June 27, 2011 by GCI Financial

Oil prices declined 0.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 91.19, on concerns that the slowing US economic growth would reduce the demand for oil. At GMT 0300, Oil is trading at … Continue reading →

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