Monthly Archives: August 2011

Trading signals for Monday 29-08-2011

Posted on August 29, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 29-08-2011 11:00 GMT Continue reading →

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Japan: Minister Noda won the DPJ’s election

Posted on August 29, 2011 by GCI Financial

Risk sentiment has been supported in Asian hours, mainly in reaction to Fed Chairman Bernanke’s Jackson Hole speech on Friday and with Hurricane Irene causing less damage than initially feared. Bernanke confirmed a view of reaccelerating growth by the end of the year, but also said that the Fed has a range of tools for stimulating growth and that it will use its tools as appropriate. Continue reading →

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AUD/USD: Aussie continues to zoom higher

Posted on August 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.25% against the USD to close at 1.0496 on Friday. In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0623, 1.21% higher from Friday’s close at 23:00 GMT. … Continue reading →

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USD/CAD: Canadian dollar rises on Bernanke’s remarks

Posted on August 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.64% against the CAD on Friday to close at 0.9815. Canadian dollar rose against the greenback, following the Federal Reserve Chairman Ben S. Bernanke’s comments that the US economy, Canada’s largest … Continue reading →

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USD/CHF: Swiss Franc weakens after Bernanke speech

Posted on August 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.52% against the CHF, on Friday, and closed at 0.8063. The Swiss franc slid against greenback, after Federal Reserve Chairman, Ben S. Bernanke stopped short of signalling further stimulus, suggesting the … Continue reading →

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USD/JPY: Japanese Yen continues its northward journey, trading flat in Asian session

Posted on August 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.99% against the JPY, on Friday, and closed at 76.66, after Federal Reserve Chief, Ben Bernanke stated that the Federal Open Market Committee would consider its options on monetary policy at … Continue reading →

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GBP/USD: Cementing gains

Posted on August 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.52% against the USD and closed at 1.6366 on Friday. In the UK, the Gross Domestic Product (GDP), on quarterly basis, rose 0.2% in the second quarter of 2011, compared to … Continue reading →

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EUR/USD: Trading flat this morning

Posted on August 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.85% against the USD and closed at 1.4494 on Friday. The greenback came under pressure as investors refocused on the Federal Reserve’s accommodative policy, dampening a burst of dollar-buying after Fed … Continue reading →

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Crude Oil: Trading lower after Friday’s gain

Posted on August 29, 2011 by GCI Financial

Oil prices advanced 0.25% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 85.53, after the US Federal Reserve Chairman Ben Bernanke gave a more optimistic view about the US economy and deferred all talk … Continue reading →

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Silver: Trading lower in Asian session

Posted on August 29, 2011 by GCI Financial

Silver prices rose 1.18% to USD 41.33 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.25 per ounce, 0.19% lower, from 23:00GMT. The first level of short … Continue reading →

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Gold: Yellow metal rose more than 3% as hopes of stimulus remain, trading lower this morning

Posted on August 29, 2011 by GCI Financial

Gold prices traded higher by 3.76% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,828.35 per ounce, after Federal Reserve Chairman Ben S. Bernanke offered no plan to provide further stimulus for the economy, while … Continue reading →

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