Daily Archives: August 26, 2011

Trading signals for Friday 26-08-2011

Posted on August 26, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 26-08-2011 11:00 GMT Continue reading →

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Focus on Growth figures and Jackson Hole’s speech today

Posted on August 26, 2011 by GCI Financial

Cautious optimism appears to be the order of affairs as the market looks to a series of growth figures and Bernanke’s key Jackson Hole speech today. Most Asian equity indices are trading higher, though again investors would need to ponder how much of this is artificial as the short-selling ban currently in place in France, Italy, Spain and Belgium has been extended. Continue reading →

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AUD/USD: AUD extends its gains after RBA speech

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.08% against the USD to close at 1.0470, after the Reserve Bank of Australia (RBA) gave an upbeat assessment of the country’s financial system. RBA Governor, Glenn Stevens addressed the House … Continue reading →

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USD/CHF: Swissy continues to trade lower

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.20% against the CHF and closed at 0.7942, as a report indicated a rise in the US jobless claims. Initial jobless claims in the US, for the week ended 20 August … Continue reading →

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USD/JPY: Japanese Yen reverse previous session downfall despite curbing measures

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.56% against the JPY and closed at 77.43. Japan’s Consumer Price Index (CPI) in Japan advanced 0.2% (Y-o-Y) in July, whereas, the core CPI edged up 0.1% (Y-o-Y) in July, following … Continue reading →

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USD/CAD: Pair showing convergence with MA’s

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.06% against the CAD to close at 0.9878. In the Asian session at 3:00GMT, the Canadian Dollar is trading at 0.9873, marginally higher against the greenback from yesterday’s close at 23:00 … Continue reading →

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Silver: White metal trading lower after yesterday’s sharp rise

Posted on August 26, 2011 by GCI Financial

Silver prices rose 3.00% to USD40.85 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD40.74 per ounce, 0.27% lower, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Gold continues to gain on safe haven appeal

Posted on August 26, 2011 by GCI Financial

Gold prices traded higher by 0.83% against the USD in the 24 hour period ending 23:00GMT, at 1,762.05 per ounce, as a poor weekly US jobless claims report increased the appeal of the yellow metal. In the Asian session at … Continue reading →

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GBP/USD: Pound trading higher, Investors awaits GDP figures in the UK

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.53% against the USD and closed at 1.6281. The Bank of England Policy maker, Martin Weale stated that he abandoned his call for an interest-rate increase this month due to the … Continue reading →

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Crude Oil: Crude oil trading lower in the Asian session

Posted on August 26, 2011 by GCI Financial

Oil prices rose 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 85.31, on hopes that Federal Reserve Chairman, Ben S. Bernanke would announce more stimulus and as hurricane Irene threatened to shut refineries on the … Continue reading →

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EUR/USD: Euro trading higher in the Asian session, Bernanke speech in focus

Posted on August 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.26% against the USD and closed at 1.4372, following a disappointing German business confidence data and on speculations that Germany could ban short-selling. The euro also slipped against the greenback as … Continue reading →

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