Daily Archives: September 8, 2011

Trading signals for Thursday 08-09-2011

Posted on September 8, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 08-09-2011 11:00 GMT Continue reading →

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Weak labour data from Australia

Posted on September 8, 2011 by GCI Financial

Risk sentiment was unstable in Asia, mainly on the back of weaker Australian labour data and uncertainty ahead of today’s central bank meetings and speeches by President Obama and Fed Chairman Bernanke. Against market expectations, employment in Australia dropped in August, driving the unemployment rate to 5.3%. At the time of writing the Nikkei was broadly flat and the Hand Seng Index was trading lower by 1.0%. EURUSD traded 1.4050-1.4098 and USDJPY 77.22-77.42. Continue reading →

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AUD/USD: Aussie trading lower on disappointing jobs data

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.32% against the USD to close at 1.0592, as investor risk appetite improved after a German court backed the country’s role in euro zone bailouts. In the Asian session at 3:00GMT, … Continue reading →

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USD/JPY: Pair trading above its MA’s

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.37% against the JPY and closed at 77.32. The Bank of Japan (BoJ) retained the uncollateralised overnight call rate at around 0.0%-0.1%. Additionally, the central bank left its credit and asset-purchasing … Continue reading →

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USD/CAD: Canadian dollar gained after Ivey PMI beats expectations, trading lower this morning

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.58% against the CAD to close at 0.9840. Canadian dollar advanced after the Richard Ivey School of Business reported that its Purchasing Managers Index (PMI) in Canada edged up by 12.2 … Continue reading →

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USD/CHF: Swiss Franc trading tad lower, investors awaits Swiss unemployment data

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.34% against the CHF and closed at 0.8585, as the Federal Reserve’s Beige Book survey indicated that the US economy grew at a slower pace in some regions of the country. … Continue reading →

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GBP/USD: Pound trading lower this morning, BoE interest rate decision awaited

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.5972. In the UK, Halifax indicated that, the House Price Index edged down 1.2% (M-o-M) in August, compared to a 0.2% rise in July. … Continue reading →

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EUR/USD: Euro lower ahead of ECB meeting

Posted on September 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.4081, after the German court supported the country’s involvement with euro zone bailouts. Investor sentiment was further lifted after the Italian senate approved an … Continue reading →

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Silver: Silver bounces back this morning

Posted on September 8, 2011 by GCI Financial

Silver prices declined 1.22% to USD41.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD41.51 per ounce, 0.17% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading →

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Crude Oil: Crude oil trading lower this morning, after yesterday’s rally

Posted on September 8, 2011 by GCI Financial

Oil prices advanced 4.07% against the USD for the 24 hour period ending 23:00GMT, closing at 89.91, amid speculation that tropical storms would further impact oil production in the Gulf of Mexico and affect oil supplies. A surge in equity … Continue reading →

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Gold: Yellow metal loses its shine as investors rush to equities, trading higher in Asian session

Posted on September 8, 2011 by GCI Financial

Gold prices traded lower by 2.99% against the USD in the 24 hour period ending 23:00GMT, at 1,815.99 per ounce, as a surge in global stock markets reduced the appeal of the safe haven asset. Gold prices dropped the most … Continue reading →

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