Daily Archives: July 13, 2011

Chinese economic data stronger than expected

Posted on July 13, 2011 by GCI Financial

Risk appetite held steady during the Asia session, helped in part by stronger than expected Chinese economic data. EURUSD traded 1.3951-1.4054 and USDJPY traded 78.50-79.58. Continue reading →

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USD/JPY: Pair trading flat

Posted on July 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.15% against the JPY and closed at 79.40. In the Japanese economic news, the Bank of Japan Monetary Policy Statement, yesterday, announced that the board voted unanimously to keep the call … Continue reading →

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Gold: Yellow metal surges on European debt concerns, Fed comments, trading lower in the Asian session

Posted on July 13, 2011 by GCI Financial

Gold prices traded higher by 1.03% against the USD in the 24 hour period ending 23:00GMT, at 1,568.35 per ounce, as fears that the European debt crisis would spread across the other Euro-Zone countries, boosted demand for safe-haven assets. Gold … Continue reading →

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Silver: Continues to cement gains

Posted on July 13, 2011 by GCI Financial

Silver prices rose 0.96% to USD 36.12 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, 0.18% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Continues to trade higher in Asian session

Posted on July 13, 2011 by GCI Financial

Oil prices advanced 1.68% against the USD for the 24 hour period ending 23:00GMT, closing at 96.59, amid decline in the dollar. Late Tuesday, the American Petroleum Institute reported that the crude-oil inventories rose by 2.3 million barrels for the … Continue reading →

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AUD/USD: Pair trading between its MA’s

Posted on July 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.34% against the USD to close at 1.0600. In the morning economic news, the Westpac consumer confidence in Australia declined 8.3% in July to 92.8, down from 101.2 in June. In … Continue reading →

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USD/CAD: Loonie advanced on higher oil prices, trading lower this morning

Posted on July 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.34% against the CAD to close at 0.9656. Canadian dollar strengthened against the US dollar amid rise in the commodity prices In Canada, the trade deficit narrowed to C$814 million in … Continue reading →

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USD/CHF: Trading flat in the Asian session

Posted on July 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.53% against the CHF and closed at 0.8318. In the US, the trade deficit widened to $50.2 billion in May, the highest level since October 2008, following a revised $43.6 billion … Continue reading →

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GBP/USD: Pound continues to trade higher, data on unemployment rate in the UK awaited

Posted on July 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.5917. In the UK, the consumer price inflation, on an annual basis, declined to 4.2% in June, following a rate of 4.5% recorded in … Continue reading →

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EUR/USD: Euro rises in Asian session after yesterday’s fall

Posted on July 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.48% against the USD and closed at 1.3969, as a downgrade to Ireland’s credit ratings fuelled concerns that the European debt crisis would deepen. Moody’s Investors Service downgraded Ireland’s foreign- and … Continue reading →

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