Daily Archives: July 18, 2011

Euro under pressure

Posted on July 18, 2011 by GCI Financial

EURUSD dropped 80 pips during the Asia session following a barrage of euro-negative newspaper commentary. Some articles expressed concern about European bank exposure to troubled sovereigns, but the majority were of a more general nature, criticising the response of European authorities to date, and raising doubts about the euro’s very survival. EURUSD traded in a range of 1.4052-1.4168 and USDJPY 78.96-79.30. Continue reading →

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Crude Oil: Crude oil gives up Friday’s gains

Posted on July 18, 2011 by GCI Financial

Oil prices advanced 1.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 97.42, as the US debt concerns fuelled investors’ expectations for further decline in the greenback, providing a boost to commodities. At GMT … Continue reading →

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Silver: White metal zooms higher

Posted on July 18, 2011 by GCI Financial

Silver prices rose 2.39% to USD 39.20 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.75 per ounce, 1.39% higher, from 23:00GMT. The first level of short … Continue reading →

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AUD/USD: Australian Dollar extends decline against greenback

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.62% against the USD, on Friday, to close at 1.0658. In the Asian session at 3:00GMT, the pair is trading at 1.0604, 0.51% lower from Friday’s close at 23:00 GMT. LME … Continue reading →

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Gold: Yellow metal nears $1,600

Posted on July 18, 2011 by GCI Financial

Gold prices traded higher by 0.44% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,593.65 per ounce, as concerns over the US government’s ability to avoid a default boosted demand for the yellow metal. In … Continue reading →

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USD/CAD: Loonie trading lower this morning

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.60% against the CAD, on Friday, to close at 0.9542. In the economic news, the Consumer Price Index in the US, on monthly basis, declined by 0.2% in June following a … Continue reading →

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GBP/USD: Continues to trade lower

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded marginally lower against the USD, on Friday, and closed at 1.6146. In the UK, this morning, the Rightmove House Price index declined by 1.6% (M-o-M) in July, following a 0.6% rise … Continue reading →

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USD/CHF: Swiss Franc marginally higher in Asian session

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.23% against the CHF, on Friday, and closed at 0.8132. In the US, the industrial output rose 0.2% (M-o-M) in June following a 0.1% decline in the previous month. Additionally, the … Continue reading →

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EUR/USD: Trading lower this morning; stress tests fail to ease Euro pressure

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR traded flat against the USD, on Friday, and closed at 1.4156. The Euro steadied against the greenback as concerns that the results of European bank stress tests would further sour sentiment towards … Continue reading →

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

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY, on Friday, and closed at 79.05. In the US, the New York Federal Reserve reported that its general business conditions index rose to a reading of -3.8 … Continue reading →

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