Monthly Archives: June 2011

USD/CAD: Loonie stumbles for second on bleak US outlook, trading flat this morning

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.36% against the CAD to close at 0.9778. Canadian dollar declined as a rise in US weekly jobless claims added further woes to a bleak outlook for the US economy superseding … Continue reading →

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USD/CHF: Trading flat, after rising yesterday, as Swiss trade surplus rose

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.8380. In Switzerland, the trade surplus rose to CHF3.31 billion in May, compared to a trade surplus of CHF1.44 billion recorded in the previous … Continue reading →

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USD/JPY: Trading flat this morning

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.07% against the JPY and closed at 80.44. In Japan, yesterday, the Bank of Japan (BoJ) policymaker, Yoshihisa Morimoto, raised concerns over a slowing US economy and sovereign debt problems in … Continue reading →

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GBP/USD: Trading flat in Asian session

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6026. Pound remained under pressure, after a day before yesterday’s minutes of the last BOE meeting, which suggested that the Bank would think about … Continue reading →

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EUR/USD: Euro continues to fall, amid disappointing economic data

Posted on June 24, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.36% against the USD and closed at 1.4273. Euro remained under pressure despite the news that Greece has reached an agreement with the European Union and the International Monetary Fund for … Continue reading →

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FOMC decision boosts the dollar

Posted on June 23, 2011 by GCI Financial

The dollar found some consolidation in the wake of yesterday’s FOMC decision. The statement itself confirmed that QE3 will finish on schedule at the end of June, and Fed Chairman Bernanke cited inflation as a reason why further stimulus would not be forthcoming. The key policy language pledging to keep the policy rate “exceptionally low&for an extended period” was unchanged. Continue reading →

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Crude Oil: Oil extended its gains on EIA inventory data

Posted on June 23, 2011 by GCI Financial

Oil prices advanced 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 94.16, after a report showed decline in the crude oil inventories. In the US, the Energy Information Administration (EIA) reported that commercial crude oil … Continue reading →

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Silver: Continues to trade lower in Asian session

Posted on June 23, 2011 by GCI Financial

Silver prices declined 0.43% to USD 36.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.18 per ounce, 0.26% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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AUD/USD: Australian dollar stays low after US signals end of stimulus

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.26% against the USD to close at 1.0556, after the US central bank indicated it would not expand it’s economic stimulus plan. This morning, the Conference Board’s Leading Economic Index for … Continue reading →

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Gold: Yellow metal solidifies gains on steady Fed Policy, trading lower this morning

Posted on June 23, 2011 by GCI Financial

Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1,548.15 per ounce, as the Federal Reserve showed concerns over the US economic growth, and left its monetary policy unchanged. In the Asian … Continue reading →

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USD/CAD: Loonie trading flat this morning

Posted on June 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 0.9743, after the US Federal Open Market Committee held steady near-zero interest rates in US and Fed Chairman, Ben Bernanke downplayed a another quantitative … Continue reading →

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