Monthly Archives: July 2011

USD/CAD: Loonie continues to decline

Posted on July 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.07% against the CAD to close at 0.9596. The Canadian dollar declined against the greenback over investors’ speculation that the recent advance was overdone. In Canada, the industrial product price index … Continue reading →

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USD/CHF: Pair converging with its MA’s

Posted on July 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.8475. In Switzerland, the real retail sales, on annual basis, declined by 4.1% in May following a 7.8% increase in April. In the Asian … Continue reading →

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GBP/USD: Pound trading lower this morning, Investors eye BoE policy meeting

Posted on July 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6082. In the UK, the Bank of England (BoE) reported that individuals injected £5.83 billion in the first quarter of 2011, compared to a … Continue reading →

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AUD/USD: Australian dollar trading lower in Asian session

Posted on July 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.34% against the USD to close at 1.0739, amid weak Australian retail sales data. In Australia, the AiG performance of services index declined to 48.5 in June from 49.9 in the … Continue reading →

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Gold: Precious metals continues to shine on global cues

Posted on July 5, 2011 by GCI Financial

Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,495.30 per ounce, as investors turned cautious again, after ratings agency Standard & Poor’s cautioned that a plan to rollover Greek debt could … Continue reading →

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Crude Oil: Investors’ retreat from crude continues

Posted on July 5, 2011 by GCI Financial

Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 95.06, amid profit booking. At GMT 0300, Oil is trading at USD 94.71 per barrel in the Asian session, 0.37% lower from 23:00GMT. The … Continue reading →

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IMF decision about Greece due later this week

Posted on July 4, 2011 by GCI Financial

Eurozone finance ministers held a conference call on Saturday at which they authorised the release of Europe’s share of Greece’s next quarterly instalment. The IMF is due to decide on its own contribution later this week, perhaps on Friday. The weekend news was very much expected after the Greek parliament voted in favour of additional austerity measures last week – indeed the euro and risk assets in general have rallied recently in anticipation of this outcome. Continue reading →

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Crude Oil: Trading above its MA’s

Posted on July 4, 2011 by GCI Financial

Oil prices declined 0.18% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 94.72. At GMT 0300, Oil is trading at USD 95.34 per barrel in the Asian session, 0.65% higher from 23:00GMT. The pair … Continue reading →

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Silver: Trading higher this morning

Posted on July 4, 2011 by GCI Financial

Silver prices declined 2.65% to USD 33.85 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.03 per ounce, 0.52% higher, from 23:00GMT. The first level of short … Continue reading →

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Gold: Gold declines as fears over Greece recede, trading higher this morning

Posted on July 4, 2011 by GCI Financial

Gold prices traded lower by 1.11% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,485.57 per ounce, as optimism over Greece’s debt situation reduced the appeal for the precious metal. In the Asian session at … Continue reading →

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AUD/USD: Aussie slides on disappointing retail sales and building approvals data

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.64% against the USD, on Friday, to close at 1.0781. In the Asian session at 3:00GMT, the pair is trading at 1.0746, 0.32% lower from Friday’s close at 23:00 GMT, following … Continue reading →

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