Follow GCI News
-
Recent Posts
- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
Post News
Daily Archives: August 11, 2011
Trading signals for Thursday 11-08-2011
Forex, Commodities and Index signals for Thursday 11-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
Leave a comment
AUD comes under pressure after disappointing labour data
Markets stabilised overnight after further heavy selling yesterday. The AUD came under pressure after disappointing labour data but soon reversed its losses. Yesterday, increasing stress in the European banking sector together with increased global growth worries, put risk sentiment back under pressure. French industrial output data disappointed. Continue reading
Posted in Market Snapshot
Leave a comment
USD/CAD: Canadian dollar weakens as economy, rate outlook weigh, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 1.39% against the CAD to close at 0.9938. The Canadian dollar weakened against the greenback on Wednesday, hurt by concern over a global economic slump, Europe’s debt woes and the prospect … Continue reading
Posted in USD/CAD
Leave a comment
EUR/USD: EUR fell on fears of France’s AAA credit rating downgrade, recovers in Asian trading
For the 24 hours to 23:00 GMT, EUR declined 1.61% against the USD and closed at 1.4137, amid initial speculation that France’s top-tier AAA credit rating could be downgraded. However, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings later … Continue reading
Posted in EUR/USD
Leave a comment
USD/JPY: Japanese yen continues its upward journey
For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.70. In economic news in the US, mortgage application volume, on a seasonally adjusted basis, rose 21.7% for the week ended 5 August 2011, … Continue reading
Posted in USD/JPY
Leave a comment
AUD/USD: AUD trading lower on weak jobs data in Australia
For the 24 hours to 23:00 GMT, AUD weakened 2.07% against the USD to close at 1.0147. In the US, on a seasonally adjusted basis, wholesale inventories rose 0.6% (M-o-M) to $458.7 billion in June. This morning, the Australian Bureau … Continue reading
Posted in AUD/USD
Leave a comment
Gold: Gold rose on global cues, trading lower in the Asian session
Gold prices traded higher by 2.82% against the USD in the 24 hour period ending 23:00GMT, at 1,799.05 per ounce, as fears over escalating European and US debt woes continued to plague equities markets, thereby boosting demand for the precious … Continue reading
Posted in Gold
Leave a comment
USD/CHF: Swiss franc retreats after SNB action
For the 24 hours to 23:00 GMT, USD rose 0.51% against the CHF and closed at 0.7262. The Swiss franc was pressured after the Swiss National Bank (SNB) intervened in the currency markets to contain the appreciation of the Swiss … Continue reading
Posted in USD/CHF
Leave a comment
Silver: White metal backpedals in Asian session after posting handsome gains yesterday
Silver prices rose 2.91% to USD39.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.92 per ounce, 0.92% lower, from 23:00GMT. The first level of short term resistance on the … Continue reading
Posted in Silver
Leave a comment
GBP/USD: Pound fell after BoE cuts UK growth forecast, trading higher this morning
For the 24 hours to 23:00 GMT, GBP fell 1.11% against the USD and closed at 1.6122, after the Bank of England quarterly inflation report indicated that the outlook for growth has weakened. The BoE Governor, Mervyn King, stated that … Continue reading
Posted in GBP/USD
Leave a comment
Crude Oil: Oil weighed down by continuing debt crisis, trading higher this morning
Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 81.38, as concerns over the European sovereign debt crisis overshadowed the report of decline in crude stockpiles. The US Energy Information Administration indicated that … Continue reading
Posted in Crude Oil
Leave a comment