Daily Archives: September 2, 2011

Trading signals for Friday 02-09-2011

Posted on September 2, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 02-09-2011 11:00 GMT Continue reading →

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US payrolls release on focus

Posted on September 2, 2011 by GCI Financial

Price action was subdued in Asia overnight, with market focus centered on today’s US payrolls release. The S&P 500 closed down 1.2% despite a stronger ISM number yesterday and softer risk appetite worked its way into the Asian session. Yesterday’s August ISM number came in well ahead of expectations. Not only did it force some market participants to reassess their expectations for further Fed monetary easing, it also contrasted sharply with a batch of weak European PMIs released earlier in the day. Continue reading →

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USD/CAD: Canadian dollar trading lower after yesterday’s rise

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CAD to close at 0.9760. The Canadian dollar was lifted by upbeat US economic data that helped improve investor sentiment. In the US, initial jobless claims, for the … Continue reading →

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AUD/USD: Aussie trading lower this morning

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0705. In the US, the non-farm business productivity edged down 0.7% (Y-o-Y) in 2Q FY2011, following a 0.3% (Y-o-Y) decline initially reported. Moreover, the … Continue reading →

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USD/CHF: Swissy strengthens on speculation that SNB would refrain from further curbing measures

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.45% against the CHF and closed at 0.7949. Swiss Franc rose against all its major counterparts, amid speculation the central bank would refrain from further measures to curb the currency’s advance. … Continue reading →

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USD/JPY: Greenback rallied on glimmer of hope for economy

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.12% against the JPY and closed at 76.84, as the greenback was buoyed by a positive Institute for Supply Management (ISM) manufacturing data. In economic news, the Institute for Supply Management … Continue reading →

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GBP/USD: Pound pressurised as UK manufacturing PMI hits 26 month-low in August, trading tad higher in Asian session

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.6183, amid poor UK manufacturing activity in August. In the UK, the Markit/Chartered Institute of Purchasing & Supply (CIPS) manufacturing Purchasing Managers’ Index (PMI) … Continue reading →

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EUR/USD: Euro slides on weak manufacturing data in Europe

Posted on September 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.4266, amid a slew of lacklustre manufacturing PMI data in Europe. Meanwhile, encouraging US economic data helped to boost the US dollar. On the … Continue reading →

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Silver: Recouping yesterday’s losses, this morning

Posted on September 2, 2011 by GCI Financial

Silver prices declined 0.17% to USD41.54 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD41.62 per ounce, 0.19% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Yellow metal settles modestly lower as greenback rises, trading higher this morning

Posted on September 2, 2011 by GCI Financial

Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1,825.37 per ounce, as upbeat US manufacturing data reduced the appeal of the safe haven metal. In the Asian session at 3:00GMT, gold is … Continue reading →

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Crude Oil: Oil rose amid mixed news, trading lower in Asian session

Posted on September 2, 2011 by GCI Financial

Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 88.73, amid encouraging US manufacturing and factory orders data. China’s positive Purchasing Managers’ Index (PMI) also helped bolster oil prices. Oil prices also inched … Continue reading →

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