Daily Archives: July 21, 2011

EUR Summit Hopes Rise

Posted on July 21, 2011 by GCI Financial

The euro got a boost during the Asia session after news reports that French President Sarkozy and German Chancellor Merkel had agreed on a joint position regarding a second financial rescue of Greece. In our view, this raises the chances of a determined policy initiative emerging from today’s summit. Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.31% against the USD to close at 1.0773. In the morning economic news, the Reserve Bank of Australia foreign exchange transaction rose to 1280 million in June, from 601 million in … Continue reading →

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USD/CAD: Pair trading higher in the Asian session

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.39% against the CAD to close at 0.9464. Canadian dollar strengthened against its greenback on Wednesday, after the Bank of Canada discussed the prospect of higher rates and as investors became … Continue reading →

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USD/CHF: Trading lower this morning, Swiss trade balance data awaited today

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.12% against the CHF and closed at 0.8231. In the US, for the week ended 15 July 2011, the mortgage application volume, on a seasonally adjusted basis, rose 15.5% from one … Continue reading →

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GBP/USD: Pound trading lower amid drop in consumer confidence data

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6162, after the release of Bank of England minutes. The Bank of England policy meeting minutes showed that seven of nine members of the … Continue reading →

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Crude Oil: Crude prices rose after EIA data, trading lower this morning

Posted on July 21, 2011 by GCI Financial

Oil prices advanced 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 98.64, after the report showed that the US stockpiles declined more than expected. In the US, the Energy Information Administration reported that the oil … Continue reading →

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USD/JPY: Japanese Yen extends its gain in the Asian session

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 78.79. The Bank of Japan (BoJ) Deputy Governor, Hirohide Yamaguchi has indicated that the BoJ would take appropriate policy actions in a flexible and … Continue reading →

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EUR/USD: Trading lower this morning, EU summit in focus

Posted on July 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.66% against the USD and closed at 1.4267, on optimism that the European politicians would take steps to resolve the debt crisis. EUR surged after the German Chancellor, Angela Merkel and … Continue reading →

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Silver: White metal continue to surge higher

Posted on July 21, 2011 by GCI Financial

Silver prices rose 1.92% to USD 40.04 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.07 per ounce, 0.09% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Trading above $1600/Oz

Posted on July 21, 2011 by GCI Financial

Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1,599.40 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,601.65 per ounce, 0.14% higher from 23:00GMT. The pair … Continue reading →

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