Daily Archives: August 18, 2011

Trading signals for Thursday 18-08-2011

Posted on August 18, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 18-08-2011 11:00 GMT Continue reading →

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Focus on Swiss Franc

Posted on August 18, 2011 by GCI Financial

The Swiss franc opened on a soft note in Europe as investors began to price in a strengthening in official resolve to combat the currency’s strength. Yesterday afternoon the Swiss government launched a package of measures for industries affected by the exchange rate and also confirmed the SNB’s authority to set a floor on EURCHF single-handedly if it sees fit to do so. However, government consultation will still be needed if the SNB wishes to impose capital controls at some point in the future. Continue reading →

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AUD/USD: Aussie continues its upward journey in the Asian session

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.35% against the USD to close at 1.0466, amid rise in the commodity prices. In the Asian session at 3:00GMT, the pair is trading at 1.0512, 0.44% higher from yesterday’s close … Continue reading →

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USD/CAD: Canadian dollar rose as crude oil price records gains, trading marginally lower this morning

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD to close at 0.9801, amid rise in oil prices. In the US, on a monthly basis, the producer price index rose 0.2% in July, following a 0.4% … Continue reading →

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USD/CHF: Swiss Franc rose as SNB disappoints on peg, trading lower this morning

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.67% against the CHF and closed at 0.7895, after the Swiss National Bank’s latest steps to curb Franc strength fell short of expectations. The Swiss National Bank (SNB) in a statement … Continue reading →

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USD/JPY: Pair trading below its MA’s

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.34% against the JPY and closed at 76.52. In Japan, this morning, the merchandise trade surplus rose to ¥72.48 billion in July, compared to a downwardly revised trade surplus of ¥68.6 … Continue reading →

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GBP/USD: Pound climbed on BoE minutes, trading lower this morning

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.61% against the USD and closed at 1.6543, after the Bank of England (BoE) minutes from a policy meeting showed unanimous support for keeping interest rate at a record low. The … Continue reading →

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Silver: Trading lower this morning

Posted on August 18, 2011 by GCI Financial

Silver prices rose 0.85% to USD 40.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.19 per ounce, 0.12% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Crude Oil: Crude rose as gasoline stocks drop, trading flat this morning

Posted on August 18, 2011 by GCI Financial

Oil prices advanced 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 87.44, as a government report of a sharp drop in gasoline stockpiles provided enough lift to offset a rise in crude inventories and concerns … Continue reading →

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Gold: Yellow metal settles at record, just shy of $1,800

Posted on August 18, 2011 by GCI Financial

Gold prices traded higher by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1,787.90 per ounce, as investors remained nervous over the euro zone’s sovereign-debt crisis and weak prospects for global growth. Gold further gained after, … Continue reading →

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EUR/USD: EUR trading lower in the Asian session

Posted on August 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.4435, amid speculations that the European Central Bank was purchasing Spanish and Italian sovereign bonds. The Federal Reserve Bank of Dallas President, Richard Fisher … Continue reading →

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