Daily Archives: September 6, 2011

Trading signals for Tuesday 06-09-2011

Posted on September 6, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 06-09-2011 11:00 GMT Continue reading →

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RBA keeps a neutral monetary policy stance

Posted on September 6, 2011 by GCI Financial

Risk sentiment was muted in Asia, mainly on the back of intact worries about global growth prospects and the Eurozone debt crisis. Several officials stressed the fragile situation in France and Italy. According to German Chancellor Merkel Greece will not receive aid payments this month if conditions of the rescue package are not met. Italy’s President Napolitano said that the alarming widening of Italian sovereign spreads over bunds cannot be ignored, and said it shows the urgent need to regain market confidence. Continue reading →

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USD/CAD: Loonie declined on weaker crude oil prices, trading flat this morning

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9906. Canadian dollar lost ground yesterday, as crude-oil, the nation’s key export, tumbled on mounting concerns that the US is heading back into recession. … Continue reading →

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AUD/USD: Aussie softens ahead of RBA meeting

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.10% against the USD to close at 1.0563, ahead of the RBA meeting to be held later today. In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0522, … Continue reading →

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Silver: Trading tad higher this morning

Posted on September 6, 2011 by GCI Financial

Silver prices declined 0.39% to USD43.05 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD43.08 per ounce, 0.07% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Gold: Gold extends gains, rises above $1,900 per ounce

Posted on September 6, 2011 by GCI Financial

Gold prices traded higher by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1,901.54 per ounce, as concerns over slowing growth and European debt whetted appetite for the metal’s perceived safe haven. In the Asian session … Continue reading →

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Crude Oil: Crude Oil fell on signs of slowing US economy, trading higher this morning

Posted on September 6, 2011 by GCI Financial

Oil prices declined 2.92% against the USD for the 24 hour period ending 23:00GMT, closing at 83.43, extending its previous session losses, amid speculation that signs of a weakening US economy could lead to a drop in fuel demand. Oil … Continue reading →

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USD/CHF: Swiss Franc rally accelerates, trading flat this morning

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CHF and closed at 0.7849. In the Asian session, at 3:00GMT, the USD is trading at 0.7852, marginally higher versus Swiss Franc, from yesterday’s close at 23:00 GMT. … Continue reading →

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USD/JPY: Yen reverses its previous session losses, trading higher in Asian session

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.07% against the JPY and closed at 76.91, following weak Japanese PMI data. Japan’s services Purchasing Managers Index (PMI) dropped to 44.3 in August, from 45.3 posted in July. In the … Continue reading →

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GBP/USD: Pound trading lower, speculation the BoE considering more QE intensifies

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.42% against the USD and closed at 1.6101, after economic data showed a sharp slowdown in the UK services sector, fuelling speculation the Bank of England (BOE) may resort to another … Continue reading →

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EUR/USD: Euro extends losses this morning

Posted on September 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.4075, amid mounting fears over Europe’s sovereign debt crisis. On the economic front, Euro-zone’s Sentix investor confidence index edged down to -15.4 in September, … Continue reading →

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