Daily Archives: August 4, 2011

Trading signals for Thursday 04-08-2011

Posted on August 4, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 04-08-2011 11:00 GMT Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 0.9610. In the US, the non-manufacturing index dropped to a reading of 52.7 in July, following a reading of 53.3 in June. Additionally, for … Continue reading →

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AUD/USD: Trading lower in the Asian session

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0761. In the Asian session at 3:00GMT, the pair is trading at 1.0705, 0.52% lower from yesterday’s close at 23:00 GMT. LME Copper prices … Continue reading →

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Crude Oil: Oil fell on EIA data

Posted on August 4, 2011 by GCI Financial

Oil prices declined 1.07% against the USD for the 24 hour period ending 23:00GMT, closing at 92.19, as increase in oil inventories fed concerns over prospects for oil demand. In the US, the Energy Information Administration (EIA) reported that oil … Continue reading →

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USD/CHF: Franc tumbles as SNB cut interest rates

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.68% against the CHF and closed at 0.7704, amid SNB interest rate decision. The Swiss central bank cut interest rates and stated that it would increase the supply of Francs to … Continue reading →

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Silver: Zooms higher

Posted on August 4, 2011 by GCI Financial

Silver prices rose 2.26% to USD 41.57 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.85 per ounce, 0.67% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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GBP/USD: Pound trading lower this morning; NIESR lowers UK growth outlook

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.96% against the USD and closed at 1.6431. In the UK, the Purchasing Managers’ Index (PMI) for services rose to a reading of 55.4 in July, following a reading of 53.9 … Continue reading →

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Gold: Yellow metal continues its northward journey

Posted on August 4, 2011 by GCI Financial

Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,660.10 per ounce, as the euro-zone debt crisis and signs of sluggish global growth as decline in equities raised appeal for safe-haven gold. … Continue reading →

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USD/JPY: Yen slides after Japan intervenes to curb its rise

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.21% against the JPY and closed at 77.12. In the US, the number of employed people in non-farm private business sector rose 114,000 in July, in comparison with downwardly revised 145,000 … Continue reading →

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EUR/USD: Greenback declined versus Euro, as slowdown spurs easing prospects, trading higher this morning

Posted on August 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.28% against the USD and closed at 1.4353. The greenback fell versus the Euro, on speculation the Federal Reserve would consider increasing monetary stimulus to counter a slowdown in the US … Continue reading →

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