Monthly Archives: July 2011

EUR/USD: Lower on heightened European Debt concerns

Posted on July 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.21% against the USD and closed at 1.4036, amid fears that the Europe’s sovereign-debt crisis is deepening. EUR was pressured as soaring yields on Italian bonds raised concern that Italy would … Continue reading →

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AUD/USD: Aussie continue to trade lower, amid rising risk aversion

Posted on July 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.09% against the USD, on Friday, to close at 1.0760, as risk aversion grew among investors, following a weak US jobs data and a rise in China’s consumer price inflation. In … Continue reading →

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Silver: Trading lower in Asian session

Posted on July 11, 2011 by GCI Financial

Silver prices rose 0.70% to USD 36.71 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.59 per ounce, 0.34% lower, from 23:00GMT. The first level of short … Continue reading →

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Gold: Yellow metal continues to trade higher

Posted on July 11, 2011 by GCI Financial

Gold prices traded higher by 0.82% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,543.40 per ounce, as a weaker-than-expected US nonfarm payrolls data spurred demand for the yellow metal. In the Asian session at … Continue reading →

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Crude Oil: Crude oil trading lower in Asian session, on US jobs report, China inflation

Posted on July 11, 2011 by GCI Financial

Oil prices declined 2.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 96.39, as dismal US unemployment data in June disappointed investors and raised concerns over the demand for oil. In China, consumer price … Continue reading →

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USD/CAD: Loonie continues to slip in Asian session

Posted on July 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.26% against the CAD, on Friday, to close at 0.9609. Canadian dollar declined against the greenback as the weak US jobs data raised investors concerns that the US economic recovery would … Continue reading →

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USD/CHF: Swiss Franc drifting lower this morning after rising on Friday

Posted on July 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.91% against the CHF, on Friday, and closed at 0.8371. On a seasonally adjusted basis, the unemployment rate in Switzerland remained unchanged at 3.0% in June, matching market estimates. Additionally, on … Continue reading →

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USD/JPY: Pair trading below its MA’s

Posted on July 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.75% against the JPY, on Friday, and closed at 80.63. In Japan economic news on Friday, the current conditions index rose to 49.6 in June from 36.0 in May. The outlook … Continue reading →

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GBP/USD: Trading lower this morning

Posted on July 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD, on Friday, and closed at 1.6042. In the UK, the input producer price inflation rose to 17.0% (Y-o-Y) in June compared to a rate of 16.1% in … Continue reading →

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EUR/USD: Euro falls further, Italian debt adds to fears in Euro-zone

Posted on July 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD, on Friday, and closed at 1.4258, despite a bleak US employment report for June, as fears that Europe’s sovereign-debt crisis may spread to Italy dampened investor sentiment. … Continue reading →

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Payrolls numbers due

Posted on July 8, 2011 by GCI Financial

Attention shifts to payrolls today as the market seeks to end the week consolidating the gains made in risk. A robust ADP payrolls report has boosted hopes of a good number today (UBSe +135k, cons. 100k) and sentiment is invariably better on the economy compared to just over a weak ago, when soft regional PMI prints out of the US prompted fears that the soft patch was entrenching. Consensus expectations for the headline payrolls number has risen by around 20k since, though even with a good print the Fed will remain underwhelmed. In other news, yesterday the euro caught a bid after the ECB unexpectedly tweaked its collateral rules to favour Portuguese sovereign bonds. Continue reading →

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