Daily Archives: September 12, 2011

Trading signals for Monday 12-09-2011

Posted on September 12, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 12-09-2011 11:00 GMT Continue reading →

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Euro sliding down

Posted on September 12, 2011 by GCI Financial

The euro continued its slide as Asian markets opened on a very weak footing. Major equity indices are trading weaker as fears of further escalation in the Eurozone crisis increased. German media reported over the weekend that the Finance Ministry was already looking at contingencies in the event of a Greece downgrade, while the Economics Minister of Germany also warned that talk of Greece default should not be considered taboo. Continue reading →

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AUD/USD: Aussie trading sharply lower this morning

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.31% against the USD, on Friday, to close at 1.0626, after a data showed that China’s inflation slowed in August. In the economic news this morning, the trade surplus in Australia, … Continue reading →

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USD/CAD: Canadian dollar down on disappointing Canadian jobs report‎

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.84% against the CAD, on Friday, to close at 0.9964. Loonie declined after Canadian labour productivity data showed that employers had unexpectedly cut jobs in August for the first time in … Continue reading →

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Gold: Yellow metal dragged down on profit taking

Posted on September 12, 2011 by GCI Financial

Gold prices traded lower by 0.48% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,854.00 per ounce, as profit-taking by investors and a spike in the US dollar outweighed the desire for a safer haven. … Continue reading →

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USD/CHF: Swiss Franc falls as economy minister says currency is ’massively overvalued’

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.18% against the CHF, on Friday, and closed at 0.8841, as Switzerland’s Economy Minister, Johann Schneider-Ammann, stated that the currency remains “massively overvalued” even after the nation’s central bank imposed a … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.12% against the JPY, on Friday, and closed at 77.59. In Japan, on Friday, the seasonally adjusted Consumer Sentiment Index remained unchanged at a reading of 37.0 in August. Additionally, this … Continue reading →

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Silver: Continues to trade lower

Posted on September 12, 2011 by GCI Financial

Silver prices declined 2.01% to USD 41.35 per ounce, on Friday, during the 24 hours ending 23:00GMT, on European debt concerns. In the Asian session at 3:00GMT, silver is trading at USD 41.26 per ounce, 0.22% lower, from 23:00GMT. The … Continue reading →

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GBP/USD: Pound continues to trade lower this morning

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD, on Friday, and closed at 1.5884. In the UK, the output price inflation, on annual basis remained unchanged at 6.1% in August. Additionally, the input price index … Continue reading →

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EUR/USD: EUR down on ECB Board Member resignation, Greece debt fears

Posted on September 12, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.83% against the USD, on Friday, and closed at 1.3656, after reports that the European Central Bank (ECB) Executive board member Juergen Stark resigned, citing “personal reasons”. However investors speculated that … Continue reading →

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Crude Oil: Crude oil falls on concerns over European economy

Posted on September 12, 2011 by GCI Financial

Oil prices declined 1.83% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 86.99, as hopes for a clear roadmap for solving the European debt crisis and energizing recovery in the US faded. Investors shunned … Continue reading →

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