Monthly Archives: July 2011

Silver: Silver continues to shine

Posted on July 7, 2011 by GCI Financial

Silver prices rose 1.49% to USD 35.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.15 per ounce, 0.52% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal marches northwards

Posted on July 7, 2011 by GCI Financial

Gold prices traded higher by 0.99% against the USD in the 24 hour period ending 23:00GMT, at 1,528.60 per ounce, after a rate rise in China put inflation concerns back in the spotlight and as concerns over euro zone debt … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Aussie surges on strong jobs data

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 1.0694. In the Asian session at 3:00GMT, the pair is trading at 1.0757, 0.59% higher from yesterday’s close at 23:00 GMT, after a government … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie trading lower this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.16% against the CAD to close at 0.9647, after China’s interest rate hike reduced the demand for high yielding assets. In the US, the mortgage application volume, on a seasonally adjusted … Continue reading →

Posted in USD/CAD | Leave a comment

USD/JPY: Japanese Yen rises on new budget, trading lower this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 80.95. The Japanese yen made gains against the greenback on Wednesday, following a government approval of a new budget aimed at kick starting the … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Swiss Franc rose on doubt over rescue for Greece, trading flat this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CHF and closed at 0.8395. The Swiss franc rose, as doubt over a plan to save Greece from a debt default and concern over inflation in China boosted … Continue reading →

Posted in USD/CHF | Leave a comment

GBP/USD: GBP slides despite higher home and retail prices, Investors eye BoE interest rate decision

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.34% against the USD and closed at 1.6012. In the UK, the Halifax house prices rose by 1.2% (M-o-M) in June from 0.4% increase in the previous month. Also during early … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro declined on lingering sovereign debt woes, trading flat this morning

Posted on July 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.68% against the USD and closed at 1.4332, as concerns over Europe’s sovereign debt problems outweighed a widely expected interest rate hike by the European Central Bank. Concern that Greece’s debt … Continue reading →

Posted in EUR/USD | Leave a comment

Euro recovers some lost ground

Posted on July 6, 2011 by GCI Financial

The euro managed to stage a minor recovery overnight as markets digested the Moody’s downgrade of Portugal, which jolted an otherwise sleepy US session. The four-notch move, with hints of more to go, served as a reminder that even though Greece has passed its near-term tests, problems within other economies persist, not to mention contagion risk. As the ECB meets and growth momentum starts to wobble, the sustainability of current plans will be further scrutinised. Continue reading →

Posted in Market Snapshot | Leave a comment

Gold: Trading flat, after yesterday’s rise

Posted on July 6, 2011 by GCI Financial

Gold prices traded higher by 1.22% against the USD in the 24 hour period ending 23:00GMT, at 1,513.55 per ounce, stoked by concerns over the outlook for the Chinese economy and amid renewed worries over the euro zone debt crisis. … Continue reading →

Posted in Gold | Leave a comment

Silver: Trading above its MA’s

Posted on July 6, 2011 by GCI Financial

Silver prices rose 3.80% to USD 35.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.38 per ounce, 0.16% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

Posted in Silver | Leave a comment