Daily Archives: September 16, 2011

Trading signals for Friday 16-09-2011

Posted on September 16, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 16-09-2011 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Globally coordinated decision on dollar liquidity

Posted on September 16, 2011 by GCI Financial

Risk sentiment improved in Asia, mainly on the back of yesterday’s constructive performance of European and US markets after news that the BoE, ECB, BoJ, and SNB were opening dollar swap lines with the Fed. This is a clear sign that central banks want to dispel concerns about dollar funding. ECB President Trichet said the globally coordinated decision on dollar liquidity is a clear illustration of close cooperation between central banks. Continue reading →

Posted in Market Snapshot | Leave a comment

USD/CHF: SNB retains Libor and reiterates Euro peg, Swiss Franc trading lower this morning

Posted on September 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.63% against the CHF and closed at 0.8702. The Swiss National Bank (SNB), kept its three-month Libor target rate at zero after unexpectedly lowering the benchmark from 0.25% last month. The … Continue reading →

Posted in USD/CHF | Leave a comment

USD/CAD: Canadian Dollar rose after ECB’s liquidity plan‎, trading flat this morning

Posted on September 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.57% against the CAD to close at 0.9841. Canadian dollar rose against the greenback, after the European Central Bank (ECB) announced that it would make more US dollars available to struggling … Continue reading →

Posted in USD/CAD | Leave a comment

AUD/USD: Aussie trading higher this morning

Posted on September 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0207. In the US, for the week ended 10 September 2011, initial jobless claims rose unexpectedly to 428,000, compared to the previous week’s revised … Continue reading →

Posted in AUD/USD | Leave a comment

USD/JPY: Yen weakens on coordinated central bank actions to provide dollar liquidity

Posted on September 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened slightly against the JPY and closed at 76.73. The Japanese yen fell against the greenback, as major central banks’ joined action to provide dollar liquidity in the market boosted risk appetite, … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound rises despite plunge in UK retail sales

Posted on September 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.16% against the USD and closed at 1.5793. In the UK, the retail sales fell 0.2% in August, following a 0.2% rise in the previous month. Additionally, a survey by the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro rose on central bank’s lending efforts, trading lower this morning

Posted on September 16, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.88% against the USD and closed at 1.3872, after the European Central Bank stated that it would take steps to provide liquidity for the region’s struggling banks. The European Central Bank … Continue reading →

Posted in EUR/USD | Leave a comment

Gold: Yellow metal trading below $1,800 per ounce

Posted on September 16, 2011 by GCI Financial

Gold prices traded lower by 1.81% against the USD in the 24 hour period ending 23:00GMT, at 1,789.10 per ounce, after the European Central Bank along with the world’s top central banks announced they would provide additional dollar loans to … Continue reading →

Posted in Gold | Leave a comment

Silver: Silver continues to trade lower this morning

Posted on September 16, 2011 by GCI Financial

Silver prices declined 2.21% to USD 39.80 per ounce during the 24 hours ending 23:00GMT, as efforts by global central banks to end the region’s debt crisis prompted investors to sell the white metal. In the Asian session at 3:00GMT, … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Oil trading higher as optimism returns

Posted on September 16, 2011 by GCI Financial

Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 89.29, after the European Central Bank announced a coordinated effort with other central banks to provide liquidity to European banks, spurring hopes of a … Continue reading →

Posted in Crude Oil | Leave a comment