Daily Archives: September 22, 2011

Trading signals for Thursday 22-09-2011

Posted on September 22, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 22-09-2011 11:00 GMT Continue reading →

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Fed announced Operation Twist

Posted on September 22, 2011 by GCI Financial

The Fed announced Operation Twist yesterday but judging by the reaction in risk, investors were clearly positioned for something more aggressive, even though the size of the purchases was more than markets expected. The Fed announced an intention to purchase $400 bn of long-term debt, funded by selling the same amount of short term paper, by the end of June 2012. Continue reading →

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USD/CAD: Canadian dollar fell after Fed indicated ‘Downside Risks’ to the US Economy

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.25% against the CAD to close at 1.0062. Canadian dollar declined sharply against the greenback, after the Federal Reserve’s statement indicating “significant downside risks” to the economy reduced appeal for high … Continue reading →

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USD/CHF: Swiss franc under pressure amid rumours that SNB may raise its Euro/Swiss target

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.24% against the CHF and closed at 0.8993. Swiss Franc eased on talks that the Swiss National Bank may lift its Euro/Swiss target to 1.25 from 1.20. Meanwhile in economic news, … Continue reading →

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USD/JPY: Yen trading lower in the Asian session, amid broad dollar strength

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.52. In Japan, yesterday, the All Industry Activity Index rose 0.4% (M-o-M) in July compared to a 2.3% rise in the previous month. US … Continue reading →

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GBP/USD: Pound slipped as BOE considered additional stimulus, trading lower amid broad dollar strength

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.39% against the USD and closed at 1.5509, after the Bank of England (BOE) minutes of meeting indicated that officials considered more bonds purchases to keep borrowing costs capped. The BOE … Continue reading →

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AUD/USD: Aussie trading lower this morning on disappointing Chinese Manufacturing PMI

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.47% against the USD to close at 1.0269. In the Asian session at 3:00GMT, the Australian Dollar is trading at 0.9999, 2.63% lower from yesterday’s close at 23:00 GMT, after the … Continue reading →

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EUR/USD: Trading lower after Italian banking downgrades

Posted on September 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD and closed at 1.3584. The greenback rallied against the Euro, even as the Federal Reserve announced that it would replace $400 billion of short-term debt in its … Continue reading →

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Gold: Gold tumbles as Dollar gained following the US Fed announcement‎

Posted on September 22, 2011 by GCI Financial

Gold prices traded lower by 1.00% against the USD in the 24 hour period ending 23:00GMT, at 1,783.98 per ounce, after the Federal Reserve decided on a $400 billion bond swap to spur the economy. The Federal Reserve officials further … Continue reading →

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Silver: Silver continues to slide amid a strong dollar

Posted on September 22, 2011 by GCI Financial

Silver prices declined 0.18% to USD 39.74 per ounce during the 24 hours ending 23:00GMT, as the dollar strengthened. In the Asian session at 3:00GMT, silver is trading at USD 39.40 per ounce, 0.85% lower, from 23:00GMT. The first level … Continue reading →

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Crude Oil: Oil fell as Fed sees gloomy growth outlook

Posted on September 22, 2011 by GCI Financial

Oil prices declined 1.91% for the 24 hour period ending 23:00GMT, closing at USD 84.75 a barrel, after the Federal Reserve stated that there are “significant downside risks” to the US economic outlook. The Energy Information Administration, yesterday, reported that … Continue reading →

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