Monthly Archives: June 2011

GBP/USD: Pound erases losses versus US dollar, trading higher this morning

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.6209. The European finance ministers kept on hold the decision to extend a fresh loan package to Greece, raising the appeal for the pound … Continue reading →

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EUR/USD: Euro trading marginally higher, as focus shifts to Greek austerity

Posted on June 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.24% against the USD and closed at 1.4325, after European officials reassured investors over the Greece default. The Euro zone finance ministers, yesterday, stated that a clear, new financing strategy for … Continue reading →

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The dollar strengthened broadly

Posted on June 20, 2011 by GCI Financial

The dollar strengthened broadly during the Asia session after a weekend meeting of Eurozone finance ministers ended, unsurprisingly, without substantive agreement on how to solve the Greek debt crisis. The statement issued afterwards even suggested that the disbursement of the next quarterly instalment may have to wait until mid-July. EURUSD traded at 1.4218-1.4301, and USDJPY at 80.03-80.25. Continue reading →

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Crude Oil: Oil trading lower in Asian session

Posted on June 20, 2011 by GCI Financial

Oil prices declined 2.33% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 93.05, over speculation that the Greece debt crisis and slowing of global economic recovery would lead to a decline in global oil … Continue reading →

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Gold: Trading flat this morning

Posted on June 20, 2011 by GCI Financial

Gold prices traded higher by 0.63% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,538.25 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,537.78 per ounce, 0.03% lower from Friday’s … Continue reading →

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Silver: Continues to trade higher

Posted on June 20, 2011 by GCI Financial

Silver prices rose 0.90% to USD 35.86 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.92 per ounce, 0.17% higher, from Friday’s close at 23:00GMT. The first … Continue reading →

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AUD/USD: Australian dollar under pressure as Greek jitters persist

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.52% against the USD, on Friday, to close at 1.0614. In the Asian session at 3:00GMT, the pair is trading at 1.0579, 0.33% lower from Friday’s close at 23:00 GMT. LME … Continue reading →

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USD/CAD: Loonie advanced on the hopes for resolution in Greece, trading lower this morning

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD, on Friday, to close at 0.9806. The Canadian dollar edged higher against the greenback on Friday as news of an outline agreement to aid debt-burdened Greece lifted … Continue reading →

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USD/CHF: Greenback continues to trade higher versus Swiss Franc

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF, on Friday, and closed at 0.8489. In the Asian session, at 3:00GMT, the pair is trading at 0.8504, 0.18% higher from Friday’s close at 23:00 GMT. The … Continue reading →

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GBP/USD: Pair showing convergence with its MA’s

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD, on Friday, and closed at 1.6182. In the US, the leading economic index, on a monthly basis, rose by 0.8% in May, following a revised 0.4% decrease … Continue reading →

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USD/JPY: Japanese yen trading lower in Asian session

Posted on June 20, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.71% against the JPY, on Friday, and closed at 80.03. The IMF reported that the Japanese economy is now seen shrinking by 0.7% this year compared to the 1.4 % expansion … Continue reading →

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