Daily Archives: August 30, 2011

Trading signals for Tuesday 30-08-2011

Posted on August 30, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 30-08-2011 11:00 GMT Continue reading →

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Focus on FOMC’s minutes today

Posted on August 30, 2011 by GCI Financial

Risk ended the Monday session on a buoyant note though trading was generally light due to a UK holiday and limited activity in the US post Hurricane Irene. Nonetheless, there is still a suggestion that markets are not giving up on the chances of new QE, and today’s FOMC minutes releases will probably be more forthcoming with information compared to the Jackson Hole speech last Friday. Continue reading →

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AUD/USD: Aussie continues to zoom higher

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.26% against the USD to close at 1.0614, as investors sentiment improved, following a rise in the equity markets. In the Asian session at 3:00GMT, the Australian Dollar is trading at … Continue reading →

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USD/CAD: Loonie rose on higher risk appetite

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.54% against the CAD to close at 0.9760. The Canadian dollar rose against the greenback amid rise in the stocks, commodities, and also gained support over optimism about the US economic … Continue reading →

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USD/CHF: Swiss Franc continues to slide on risk appetite

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.92% against the CHF and closed at 0.8160. The Swiss Franc weakened yesterday as risk appetite increased after the US Federal Reserve Chairman, Ben Bernanke confirmed on Friday, that he would … Continue reading →

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Crude Oil: Oil rises on upbeat US consumer data, investors shrug off Irene impact, trading lower this morning

Posted on August 30, 2011 by GCI Financial

Oil prices advanced 2.75% against the USD for the 24 hour period ending 23:00GMT, closing at 87.67, after an unexpected surge in consumer spending in July signalled that the US economy was not falling into recession, reducing fuel demand concerns. … Continue reading →

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Silver: Silver sinks as recession concerns ebb

Posted on August 30, 2011 by GCI Financial

Silver prices declined 1.33% to USD 40.88 per ounce during the 24 hours ending 23:00GMT, as fears of a new recession receded. In the Asian session at 3:00GMT, silver is trading at USD 40.65 per ounce, 0.56% lower, from 23:00GMT. … Continue reading →

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USD/JPY: Japanese unemployment rate rose unexpectedly this morning, Yen trading flat

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.26% against the JPY and closed at 76.93. Japan’s ruling Democratic Party of Japan party elected Finance Minister, Yoshihiko Noda as head of the party after the resignation of Prime Minister, … Continue reading →

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Gold: Yellow metal price soft under US$1800

Posted on August 30, 2011 by GCI Financial

Gold prices traded lower by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1,790.09 per ounce, as rise in the US equities and optimism over the US economy diminished appeal of the yellow metal. In the … Continue reading →

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GBP/USD: Pound trading flat this morning

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6409. The pair opened the Asian session at 1.6409, and is trading at 1.6408 at 3.00GMT. GBP is trading flat versus USD from yesterday’s … Continue reading →

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EUR/USD: Euro rose on renewed confidence, trading flat this morning

Posted on August 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.4519, amid renewed confidence that the euro zone can withstand a lingering sovereign debt crisis and questions about the health of its banking sector. … Continue reading →

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