Daily Archives: September 5, 2011

Trading signals for Monday 05-09-2011

Posted on September 5, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 05-09-2011 11:00 GMT Continue reading →

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Disappointing US labour data on friday

Posted on September 5, 2011 by GCI Financial

Risk sentiment was muted in Asia, mainly due to disappointing US labour data and intact uncertainty about the Eurozone. According to Friday’s payrolls report US employers added no new jobs in August. The unemployment rate was stuck at 9.1%. With the labour market remaining weak, there is no indication for a quick rebound in consumer sentiment and hence domestic demand. Continue reading →

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AUD/USD: Aussie trading lower as risk aversion mounts

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.05% against the USD, on Friday, to close at 1.0700. The US Labour Department on Friday reported that employers added no net workers in August and the unemployment rate was unchanged, … Continue reading →

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USD/CAD: Loonie continues to trade lower in Asian session

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CAD, on Friday, to close at 0.9851. The Canadian dollar came under pressure, after the US jobs report for August came in far weaker than expected, reigniting fears … Continue reading →

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USD/CHF: Swiss Franc rose as caution prevails, trading lower in Asian session

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.84% against the CHF, on Friday and closed at 0.7882. The Swiss Franc rose as fresh concerns over Greece’s access to bailout funds weighed on investor sentiment. The steady drip of … Continue reading →

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USD/JPY: Japanese yen trading flat this morning

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.05% against the JPY, on Friday, and closed at 76.80. On Sunday, Japan’s new Finance Minister, Jun Azumi stated that he would raise the issue of the strong yen at the … Continue reading →

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GBP/USD: Trading lower this morning

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD, on Friday, and closed at 1.6218. In the UK, the construction Purchasing Managers’ Index (PMI) retreated to 52.6 in August, compared to 53.5 in July. The pair … Continue reading →

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EUR/USD: Euro extends falls this morning

Posted on September 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.42% against the USD, on Friday, and closed at 1.4206, amid renewed concerns over the Euro zone debt worries after the Greek government reported its inability to meet its deficit target. … Continue reading →

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Gold: Zero US job growth sparks gold rally, trading lower this morning

Posted on September 5, 2011 by GCI Financial

Gold prices traded higher by 3.16% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,883.00 per ounce, as dismal US jobs reports data boosted investor demand for the safe haven asset. In the Asian session … Continue reading →

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Silver: White metal shines as recession fears deepen, trading lower in Asian session

Posted on September 5, 2011 by GCI Financial

Silver prices rose 4.00% to USD43.20 per ounce, on Friday, during the 24 hours ending 23:00GMT, after downbeat US jobs report reinforced fears of recession, thereby improving the appeal for the precious metal. In the Asian session at 3:00GMT, silver … Continue reading →

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Crude Oil: Crude oil extends declines in the Asian session

Posted on September 5, 2011 by GCI Financial

Oil prices declined 2.47% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 86.54, as a weak jobs report stoked recession concerns, outweighing production shutdowns in the Gulf of Mexico as tropical storm, Lee formed … Continue reading →

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