Daily Archives: July 4, 2011

IMF decision about Greece due later this week

Posted on July 4, 2011 by GCI Financial

Eurozone finance ministers held a conference call on Saturday at which they authorised the release of Europe’s share of Greece’s next quarterly instalment. The IMF is due to decide on its own contribution later this week, perhaps on Friday. The weekend news was very much expected after the Greek parliament voted in favour of additional austerity measures last week – indeed the euro and risk assets in general have rallied recently in anticipation of this outcome. Continue reading →

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Crude Oil: Trading above its MA’s

Posted on July 4, 2011 by GCI Financial

Oil prices declined 0.18% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 94.72. At GMT 0300, Oil is trading at USD 95.34 per barrel in the Asian session, 0.65% higher from 23:00GMT. The pair … Continue reading →

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Silver: Trading higher this morning

Posted on July 4, 2011 by GCI Financial

Silver prices declined 2.65% to USD 33.85 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.03 per ounce, 0.52% higher, from 23:00GMT. The first level of short … Continue reading →

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Gold: Gold declines as fears over Greece recede, trading higher this morning

Posted on July 4, 2011 by GCI Financial

Gold prices traded lower by 1.11% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,485.57 per ounce, as optimism over Greece’s debt situation reduced the appeal for the precious metal. In the Asian session at … Continue reading →

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AUD/USD: Aussie slides on disappointing retail sales and building approvals data

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.64% against the USD, on Friday, to close at 1.0781. In the Asian session at 3:00GMT, the pair is trading at 1.0746, 0.32% lower from Friday’s close at 23:00 GMT, following … Continue reading →

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USD/CAD: Loonie trading flat in Asian session

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.64% against the CAD, on Friday, to close at 0.9581. In the US, the Thomson Reuters/university of Michigan final index of consumer sentiment fell to a reading of 71.5 in June, … Continue reading →

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USD/JPY: Japanese Yen trading flat this morning

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY, on Friday, and closed at 80.82. In Japan, this morning, the Japan automobile dealers association reported that the automobile sales, on an annual basis, declined by 23.3% … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning, after Friday’s fall

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.77% against the CHF, on Friday, and closed at 0.8486. In Switzerland, the SVME Purchasing Manager Index declined to 53.4 points in June, in comparison with 59.2 points in May. In … Continue reading →

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GBP/USD: Pair trading above its MA’s

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD, on Friday, and closed at 1.6068. In the UK, the manufacturing purchasing manager index (PMI) declined to 51.3 points in June, in comparison with 52.0 points in … Continue reading →

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EUR/USD: Euro strengthens on speculation ECB would increase rates

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD, on Friday, and closed at 1.4529, on speculation that the European Central Bank would increase interest rates this week, after Greece was pulled out of debt default … Continue reading →

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