Daily Archives: July 22, 2011

Euro surges post-summit

Posted on July 22, 2011 by GCI Financial

EURUSD staged a fierce three big-figure rally heading into the North America close as the details of the Eurozone Summit agreement were first leaked and then announced. Continue reading →

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AUD/USD: AUD trading higher after trade price data in Australia

Posted on July 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.57% against the USD to close at 1.0834, on the back of positive sentiment from Europe’s approval of a second Greek bailout. In the US, the Federal Reserve Bank of Philadelphia … Continue reading →

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Crude Oil: Crude higher on Euro zone progress, IEA

Posted on July 22, 2011 by GCI Financial

Oil prices advanced 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 99.38, amid news of a concrete action from European Union leaders on how to help Greece’s deal with its debt issues helped push oil … Continue reading →

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USD/CAD: Trading higher this morning, Awaits CPI and retail sales in Canada later today

Posted on July 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.23% against the CAD to close at 0.9442. In the US, the initial jobless claims rose to 418,000, for the week ended 16 July 2011, compared to the previous week’s revised … Continue reading →

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Silver: Trading lower this morning

Posted on July 22, 2011 by GCI Financial

Silver prices declined 1.49% to USD 39.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.27 per ounce, 0.44% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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USD/CHF: Trading flat this morning in the Asian session

Posted on July 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.70% against the CHF and closed at 0.8173. In the Swiss economic news, the trade surplus narrowed to CHF1.7 billion in June, following a trade surplus of CHF3.3 billion recorded in … Continue reading →

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Gold: Yellow metal continue to drop in Asian session on European debt deal

Posted on July 22, 2011 by GCI Financial

Gold prices traded lower by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1,591.20 per ounce, as perceived progress toward sovereign debt deals in the US and Europe eased investors appeal for safe-haven assets. In the … Continue reading →

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GBP/USD: Pound rises on strong UK retail sales‎, trading lower this morning

Posted on July 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.97% against the USD and closed at 1.6318, on strong UK retail sales data. In the UK, the retail sales rose by 0.7% (M-o-M) in June following a 1.3% decline in … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on July 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.34% against the JPY and closed at 78.52. In yesterday’s economic news, the all industry activity index in Japan rose by 2.0% (M-o-M) in May, following a downwardly revised 1.4% increase … Continue reading →

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EUR/USD: EUR rose on Greece bailout plan‎, trading lower this morning

Posted on July 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.00% against the USD and closed at 1.4410, after the European Union leaders agreed to a new $157 billion bailout plan for Greece to curb the debt crisis. The European Union … Continue reading →

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