Daily Archives: September 14, 2011

Trading signals for Wednesday 14-09-2011

Posted on September 14, 2011 by GCI Financial

Forex, Commodities and Index signals for Wednesday 14-09-2011 11:00 GMT Continue reading →

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Focus on Merkel, Sarkozy and Papandreou’s call today

Posted on September 14, 2011 by GCI Financial

Risk aversion rose again in Asia, mainly on the back of weakening growth expectations, persistent worries about the Eurozone periphery and several less constructive comments by officials. Chinese Prime Minister Wen said sovereign debt problems in some countries are rising, and signaled that developed nations should cut deficits and create jobs, rather than relying on China to bail out the world economy. Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0331. This morning, the consumer sentiment index in Australia rose 8.1% in September to 96.9. In the Asian session at 3:00GMT, the Australian Dollar … Continue reading →

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USD/CAD: Canadian dollar rose as risk aversion faded, trading lower this morning

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.66% against the CAD to close at 0.9858. Loonie rose against USD as rise in stocks and commodities eased risk aversion. In the Asian session at 3:00GMT, USD is trading at … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Swiss PPI data

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.8799. In the US, the budget deficit widened to $134.2 billion in August, compared to a budget deficit of $90.5 billion recorded in last … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.29% against the JPY and closed at 76.95, after the release of Federal Budget Balance data in the US. The US federal budget balance fell unexpectedly to a seasonally adjusted -134.2 … Continue reading →

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GBP/USD: Pound trading lower

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5785. Bank of England policy maker Adam Posen stated that he may need to double his call for bond purchases which would further intensify … Continue reading →

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EUR/USD: Euro snapping back to life on talk of China bond buying, trading lower this morning

Posted on September 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD and closed at 1.3684, as rise in the US stock markets and reports that China is in talks to buy Italian bonds calmed fears about the Euro … Continue reading →

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Crude Oil: Crude slips as IEA cuts demand forecast

Posted on September 14, 2011 by GCI Financial

Oil prices advanced 1.17% against the USD for the 24 hour period ending 23:00GMT, closing at 89.93, amid decline in the crude oil inventories. Late Tuesday, the American Petroleum Institute reported that crude oil inventories declined 5.05 million barrels last … Continue reading →

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Silver: White metal rose as bargain hunters came in focus, trading flat this morning

Posted on September 14, 2011 by GCI Financial

Silver prices rose 1.26% to USD 41.09 per ounce during the 24 hours ending 23:00GMT, amid bargain hunting. In the Asian session at 3:00GMT, silver is trading at USD 41.06 per ounce, marginally lower, from 23:00GMT. The first level of … Continue reading →

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Gold: Yellow metal up nearly 1% as Europe remains a concern

Posted on September 14, 2011 by GCI Financial

Gold prices traded higher by 0.89% against the USD in the 24 hour period ending 23:00GMT, at 1,836.32 per ounce, as continued Euro zone debt concerns and steep losses for metals in previous few sessions encouraged buyers back to markets. … Continue reading →

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