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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
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- USD/CAD: Loonie trading on a stronger footing this morning
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Monthly Archives: June 2011
USD/CAD: Loonie lower amid Greek default concerns, economic worries
For the 24 hours to 23:00 GMT, USD rose 0.90% against the CAD, on Friday, to close at 0.9866, amid concerns over a Greek government default, sliding commodities and weakening US economic growth. . In the US, the gross domestic … Continue reading
Posted in USD/CAD
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Silver: Continues to trade lower
Silver prices declined 2.49% to USD 34.29 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.06 per ounce, 0.67% lower, from 23:00GMT. The first level of short … Continue reading
Posted in Silver
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USD/CHF: Swiss Franc makes steady northwards moves
For the 24 hours to 23:00 GMT, USD traded flat against the CHF, on Friday, and closed at 0.8380. Swiss Franc traded flat against the greenback as fears that the austerity plan to stabilize Greece would not resolve Europe’s sovereign-debt … Continue reading
Posted in USD/CHF
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USD/JPY: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.05% against the JPY, on Friday, and closed at 80.48. In the Asian session at 3:00GMT, the pair is trading higher from Friday’s close at 23:00 GMT, by 0.29%, at 80.71. … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues to trade lower
For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD, on Friday, and closed at 1.5966, amid speculation that the Bank of England would keep interest rates at a record low to counter the stumbling economic growth. … Continue reading
Posted in GBP/USD
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Gold: Trading flat this morning
Gold prices traded lower by 1.38% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,501.22 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,502.15 per ounce, 0.06% higher from 23:00GMT. … Continue reading
Posted in Gold
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EUR/USD: Euro slips further, amid new jitters over sovereign debt
For the 24 hours to 23:00 GMT, EUR declined 0.67% against the USD, on Friday, and closed at 1.4177, ahead of Greece votes on budget cuts this week. The Greek Parliament would vote on Tuesday on a 5-year austerity plan … Continue reading
Posted in EUR/USD
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Eurozone managed to make a recovery late into the US session
Trading during the Asia session was subdued after a volatile Thursday. Asian equity markets are up and there are no fresh signs of risk aversion. The Eurozone managed to make a recovery late into the US session as Greece, the EU and the IMF announced that a new deal had been reached regarding further austerity. The news was welcome respite for risk appetite, which had a very difficult today post-Fed and further softening in US data. Even though there is still significant implementation risk for Athens – beginning with the austerity vote next week, markets are now relatively confident that the worst has passed for now. Continue reading
Posted in Market Snapshot
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Silver: White metal continues its downward journey
Silver prices declined 3.06% to USD 35.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.14 per ounce, 0.09% lower, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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AUD/USD: Aussie down on Euro debt concerns
For the 24 hours to 23:00 GMT, AUD weakened 0.12% against the USD to close at 1.0543. In the Asian session at 3:00GMT, the pair is trading at 1.0530, 0.12% lower from yesterday’s close at 23:00 GMT. On Friday morning, … Continue reading
Posted in AUD/USD
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Gold: Trading flat this morning
Gold prices traded lower by 1.68% against the USD in the 24 hour period ending 23:00GMT, at 1,522.15 per ounce, as the dollar strengthened, curbing demand for the metal as an alternative investment. In the Asian session at 3:00GMT, gold … Continue reading
Posted in Gold
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