Monthly Archives: July 2011

GBP/USD: Trading lower in the Asian session; UK jobless claims soar

Posted on July 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 1.56% against the USD and closed at 1.6165. In the UK, the number of people claiming jobseeker’s allowance, on a monthly basis, increased 24,500 in June, following a revised increase of … Continue reading →

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EUR/USD: Euro rose against US dollar as Bernanke says QE3 may yet happen, trading flat in Asian session

Posted on July 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.83% against the USD and closed at 1.4224. The greenback declined against the Euro after the Moody’s Investors Service put the US under review for a credit rating downgrade. Further, the … Continue reading →

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USD/JPY: Dollar continues its downfall against Japanese Yen

Posted on July 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.55% against the JPY and closed at 78.96. The Bank of Japan (BoJ) indicated that the economic activity in the country is ‘picking up’. The central bank expects the economy to … Continue reading →

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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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