Daily Archives: August 16, 2011

Trading signals for Tuesday 16-08-2011

Posted on August 16, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 16-08-2011 11:00 GMT Continue reading →

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Looking ahead to Sarkozy-Merkel summit

Posted on August 16, 2011 by GCI Financial

Risk appetite remained relatively firm during the Asia session as investors look ahead to the Sarkozy-Merkel summit later today for further policy guidance. A Wall Street Journal article published overnight noted that the two countries are being forced to reconsider the possibility of Eurobonds as the prospect of fiscal union moves up the agenda, though political obstacles remain strong and we remain cautious on over-expecting a positive result from today. Continue reading →

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Crude Oil: Trading flat after yesterdays surge

Posted on August 16, 2011 by GCI Financial

Oil prices advanced 2.39% against the USD for the 24 hour period ending 23:00GMT, closing at 87.50. At GMT 0300, Oil is trading at USD 87.47per barrel in the Asian session, flat from 23:00GMT. The pair has its first resistance … Continue reading →

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Silver: Continues to trade higher

Posted on August 16, 2011 by GCI Financial

Silver prices rose 1.53% to USD 39.70 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.76 per ounce, 0.15% higher, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Yellow metal halts slide as weaker dollar boosts demand, trading flat this morning

Posted on August 16, 2011 by GCI Financial

Gold prices traded higher by 1.51% against the USD in the 24 hour period ending 23:00GMT, at 1,765.95 per ounce, as weaker dollar and poor US economic data spurred investors demand for safe-haven assets. In the Asian session at 3:00GMT, … Continue reading →

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USD/CAD: Canadian Dollar rose on higher commodity prices & regained risk appetite, trading flat in Asian session

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.75% against the CAD to close at 0.9811, on improved investor sentiment over the state of the global economy and higher commodity prices. In the Asian session at 3:00GMT, the pair … Continue reading →

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USD/CHF: Swiss Franc weakness continues‎ in the Asian session

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CHF and closed at 0.7841. In Switzerland, on an annual basis, the producer and import price index declined 0.6% in July, compared to a 0.4% fall recorded in … Continue reading →

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USD/JPY: Pair trading above its MA’s

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.86. In the US, Department of Treasury reported that the total net long-term TIC flows in the US fell to $3.7 billion in June, … Continue reading →

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EUR/USD: Euro rose ahead of France-German summit, trading flat this morning

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.16% against the USD and closed at 1.4437. Euro was supported by investors speculation that the meeting between French President Nicolas Sarkozy and the German Chancellor Angela Merkel would result in … Continue reading →

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AUD/USD: Aussie continues to trade higher

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.98% against the USD to close at 1.0480, as rise in the US stock markets overshadowed the weak US economic data, raising appeal for high yielding assets. In the Asian session … Continue reading →

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GBP/USD: Pound trading lower

Posted on August 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6379. Bank of England policy maker, David Miles has stated that the UK economy is on a fragile recovery path and a second bout … Continue reading →

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