Daily Archives: August 23, 2011

Trading signals for Tuesday 23-08-2011

Posted on August 23, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 23-08-2011 11:00 GMT Continue reading →

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Focus on Eurozone indicators today

Posted on August 23, 2011 by GCI Financial

Risk appetite was somewhat subdued overnight. However as US stocks managed to finish in the positive, most Asian markets have responded accordingly. A lack of data and fresh event risk appears to have steadied markets but the release of several Eurozone indicators will put the focus back on growth in the region, which has held up relatively better than the US throughout the year but now appears increasingly at risk. Continue reading →

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USD/CHF: Swiss Franc weighed down by intervention fears, trading higher this morning

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.7894. Swiss franc declined against the greenback as investors expected that the central bank would take further steps to weaken the currency. In the … Continue reading →

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USD/CAD: CAD continues to zoom higher in line with oil prices

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined slightly against the CAD to close at 0.9906. Canadian dollar traded slightly higher against the US dollar amid rise in the crude oil prices. In the Asian session at 3:00GMT, the … Continue reading →

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AUD/USD: Aussie zooms higher this morning

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.43% against the USD to close at 1.0404. In the Asian session at 3:00GMT, the pair is trading at 1.0434, 0.29% higher from yesterday’s close at 23:00 GMT. A private report … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.85, amid speculation that Japanese officials would intervene to curb gains, after Japanese Finance Minister Yoshihiko Noda stated that excessive movements in the yen … Continue reading →

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GBP/USD: Pair showing convergence with its MA’s

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.6463. Bank of England Policy Maker, Ben Broadbent stated that the outlook for the UK and global economies has deteriorated in recent months but … Continue reading →

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Crude Oil: Oil edges up ahead of inventory data, Libya in focus

Posted on August 23, 2011 by GCI Financial

Oil prices advanced 2.96% against the USD for the 24 hour period ending 23:00GMT, closing at 84.13. At GMT 0300, Oil is trading at USD 84.95 per barrel in the Asian session, 0.97% higher from 23:00GMT, extending gains seen in … Continue reading →

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EUR/USD: EUR trading higher this morning

Posted on August 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.4360, amid speculation that the Federal Reserve Chairman, Ben S. Bernanke would signal additional steps to bolster the US economy. The German Finance Ministry … Continue reading →

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Silver: Trading lower this morning

Posted on August 23, 2011 by GCI Financial

Silver prices rose 0.76% to USD 43.98 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 43.35 per ounce, 1.43% lower, from 23:00GMT. The first level of short term resistance … Continue reading →

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Gold: Gold vaults to new record high, trading tad below $1900 per ounce this morning

Posted on August 23, 2011 by GCI Financial

Gold prices traded higher by 2.75% against the USD in the 24 hour period ending 23:00GMT, at 1,906.08 per ounce, amid speculation that the US officials’ talks on Friday may hint at more stimulus and amid concerns over the global … Continue reading →

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