Daily Archives: August 1, 2011

AUD/USD: AUD trading higher as risk appetite rose on US debt breakthrough

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD, on Friday, to close at 1.1006, In the morning news, the manufacturing activity index in Australia declined to 43.4 in July from 52.9 in June. Additionally, this … Continue reading →

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USD/CAD: Loonie trading well below its MA’s

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.55% against the CAD, on Friday, to close at 0.9547, after the economic report showed that the Canada’s gross domestic product contracted in May. In Canada, the gross domestic product decreased 0.3% … Continue reading →

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Silver: Trading lower this morning

Posted on August 1, 2011 by GCI Financial

Silver prices rose 0.28% to USD 39.85 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.47 per ounce, 0.95% lower, from 23:00GMT. The first level of short … Continue reading →

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USD/CHF: Dollar edges up against Swiss Franc this morning

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 2.05% against the CHF, on Friday, and closed at 0.7850. Swiss franc surged sharply against dollar as financial concerns in the US and the Euro zone, spurred demand for safe-haven assets. … Continue reading →

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Gold: Yellow metal surge on weak GDP data, trading lower this morning

Posted on August 1, 2011 by GCI Financial

Gold prices traded higher by 0.65% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,626.20 per ounce, after the vote on the debt plan was postponed and the economic data showed that the US economy … Continue reading →

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Crude Oil: Oil climbs as US reaches debt agreement

Posted on August 1, 2011 by GCI Financial

Oil prices declined 1.27% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 95.85, after report showed that the US economy grew less than expected in the second quarter. At GMT 0300, Oil is trading … Continue reading →

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USD/JPY: Yen losses steam on US debt deal

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.26% against the JPY, on Friday, and closed at 76.81, amid concerns that the US credit-ratings may be downgraded. In the economic news on Friday, the annualized housing starts in Japan … Continue reading →

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GBP/USD: Pair is trading higher ahead of UK manufacturing PMI data

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD, on Friday, and closed at 1.6432. In the UK, the money supply, on monthly basis, decreased 0.5% in June, following a 0.1% gain in the previous three … Continue reading →

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EUR/USD: EUR trading lower against greenback, after US debt deal close

Posted on August 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD, on Friday, and closed at 1.4399, after the report showed that showed the US economy expanded less than expected in the second quarter of 2011. However, euro … Continue reading →

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