Monthly Archives: July 2011

AUD/USD: Aussie down on RBA minutes, trading flat this morning

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.33% against the USD to close at 1.0619. Minutes from the most recent Reserve Bank of Australia (RBA) board meeting reveal a greater concern with the global economy and less emphasis … Continue reading →

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USD/CAD: Loonie down on debt concerns, trading flat this morning; BoC interest rate decision in focus

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.54% against the CAD to close at 0.9594, as concerns of sovereign debt default in Europe and the United States weighed on investor sentiment. In economic news, the foreign investment in … Continue reading →

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GBP/USD: Pair trading between its MA’s

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.29% against the USD and closed at 1.6067, on poor UK house prices data. The pair opened the Asian session at 1.6067, and is trading at 1.6077 at 3.00GMT. The pair … Continue reading →

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USD/CHF: Morning dollar weakness supporting the Swiss franc

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.88% against the CHF and closed at 0.8173. In the US, the housing market index rose to a reading of 15.0 in July, following a reading of 13.0 posted in June. … Continue reading →

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USD/JPY: Japanese Yen trading marginally higher this morning

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD marginally weakened against the JPY and closed at 79.06. In the US, the net long-term assets bought by foreign investors fell to $23.6 billion in May, compared to a net purchase of … Continue reading →

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EUR/USD: EUR falls on lingering euro zone debt concerns ‎

Posted on July 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.4124. Euro was pressurized after a poorly received round of European-bank stress tests and sovereign-debt worries in the US and Euro zone. In the … Continue reading →

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Euro under pressure

Posted on July 18, 2011 by GCI Financial

EURUSD dropped 80 pips during the Asia session following a barrage of euro-negative newspaper commentary. Some articles expressed concern about European bank exposure to troubled sovereigns, but the majority were of a more general nature, criticising the response of European authorities to date, and raising doubts about the euro’s very survival. EURUSD traded in a range of 1.4052-1.4168 and USDJPY 78.96-79.30. Continue reading →

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Crude Oil: Crude oil gives up Friday’s gains

Posted on July 18, 2011 by GCI Financial

Oil prices advanced 1.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 97.42, as the US debt concerns fuelled investors’ expectations for further decline in the greenback, providing a boost to commodities. At GMT … Continue reading →

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Silver: White metal zooms higher

Posted on July 18, 2011 by GCI Financial

Silver prices rose 2.39% to USD 39.20 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.75 per ounce, 1.39% higher, from 23:00GMT. The first level of short … Continue reading →

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AUD/USD: Australian Dollar extends decline against greenback

Posted on July 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.62% against the USD, on Friday, to close at 1.0658. In the Asian session at 3:00GMT, the pair is trading at 1.0604, 0.51% lower from Friday’s close at 23:00 GMT. LME … Continue reading →

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Gold: Yellow metal nears $1,600

Posted on July 18, 2011 by GCI Financial

Gold prices traded higher by 0.44% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,593.65 per ounce, as concerns over the US government’s ability to avoid a default boosted demand for the yellow metal. In … Continue reading →

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