Monthly Archives: July 2011

USD/CAD: Loonie trading flat in Asian session

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.64% against the CAD, on Friday, to close at 0.9581. In the US, the Thomson Reuters/university of Michigan final index of consumer sentiment fell to a reading of 71.5 in June, … Continue reading →

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USD/JPY: Japanese Yen trading flat this morning

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY, on Friday, and closed at 80.82. In Japan, this morning, the Japan automobile dealers association reported that the automobile sales, on an annual basis, declined by 23.3% … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning, after Friday’s fall

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.77% against the CHF, on Friday, and closed at 0.8486. In Switzerland, the SVME Purchasing Manager Index declined to 53.4 points in June, in comparison with 59.2 points in May. In … Continue reading →

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GBP/USD: Pair trading above its MA’s

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD, on Friday, and closed at 1.6068. In the UK, the manufacturing purchasing manager index (PMI) declined to 51.3 points in June, in comparison with 52.0 points in … Continue reading →

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EUR/USD: Euro strengthens on speculation ECB would increase rates

Posted on July 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD, on Friday, and closed at 1.4529, on speculation that the European Central Bank would increase interest rates this week, after Greece was pulled out of debt default … Continue reading →

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Soft data out of Asia

Posted on July 1, 2011 by GCI Financial

Data out of Asia was broadly soft overnight, giving risk trades a mild knock though equities are faring well. Safety plays have started the European session relatively robust as growth fears remain in place. In addition to a soft Japanese Tankan, Chinese PMI also came in softer than expected at 50.9, the lowest since Q1 2009. Continue reading →

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Crude Oil: Continues to remain under pressure on demand concerns

Posted on July 1, 2011 by GCI Financial

Oil prices declined 0.33% against the USD for the 24 hour period ending 23:00GMT, closing at 94.89, as investors booked profits from recent price rises as a result of easing concerns over Greece’s debt crisis and a weaker dollar. At … Continue reading →

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Silver: Silver continues to traded lower

Posted on July 1, 2011 by GCI Financial

Silver prices declined 0.38% to USD 34.77 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 34.58 per ounce, 0.56% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal takes a backseat

Posted on July 1, 2011 by GCI Financial

Gold prices traded lower by 0.62% against the USD in the 24 hour period ending 23:00GMT, at 1,502.22 per ounce, as Greece’s drive to stave off the euro area’s first sovereign default curbs demand for the metal as a protection … Continue reading →

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USD/CAD: Canadian Dollar pauses rally after April GDP report

Posted on July 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9643. Loonie surged against its major counterparts, boosted by rise in commodity prices and easing of Greece’s debt concerns. In the US, the St. … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on July 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0712. In the US, the initial jobless claims fell to 428,000 for the week ended 25 June 2011, compared to the previous week’s unrevised … Continue reading →

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