Monthly Archives: October 2011

Trading signals for Monday 31-10-2011

Posted on October 31, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 31-10-2011 11:00 GMT Continue reading →

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Japanese Finance Ministry authorizes intervention in FX markets

Posted on October 31, 2011 by GCI Financial

The Japanese Finance Ministry authorized intervention in FX markets for the 3rd time this year, pushing USDJPY back to above 79.25 after the pair had touched a new post-war low of 75.35. The action itself is not surprising, but the timing is as many investors had expected the MoF to act after the FOMC decision this week, as there remains residual risk of fresh balance sheet expansion by the Fed, which would have exerted further downside pressure on USDJPY. Continue reading →

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AUD/USD: Aussie trading below its MA’s

Posted on October 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD, on Friday, to close at 1.0672. In Australia, this morning, the private sector credit rose 0.5% (M-o-M) in September following a 0.2% increase in the previous month. … Continue reading →

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USD/CAD: Canadian dollar continues to trade lower

Posted on October 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD, on Friday, to close at 0.9932. In the US, the Reuters/Michigan Consumer Sentiment Index rose to 60.9 in October compared to 59.4 in the previous month. Additionally, … Continue reading →

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USD/CHF: Swissy trading lower in Asian session

Posted on October 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.21% against the CHF, on Friday, and closed at 0.8625. In Switzerland, the KOF leading indicator declined to 0.80 in October from 1.21 in the previous month. In the Asian session, … Continue reading →

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USD/JPY: Greenback spikes versus Yen, BoJ intervenes

Posted on October 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.24% against the JPY, on Friday, and closed at 75.76. In the Asian session, at GMT0400, the pair is trading at 79.20, with the USD trading 4.54% higher from Friday’s close, … Continue reading →

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GBP/USD: British Pound trading lower this morning

Posted on October 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD, on Friday, and closed at 1.6127. In the Asian session, at GMT0400, the pair is trading at 1.5989, with the GBP trading 0.86% lower from Friday’s close. … Continue reading →

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EUR/USD: Euro extends its Friday’s losses

Posted on October 31, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD, on Friday, and closed at 1.4146, as a rise in Italian borrowing costs raised investors’ concerns that the European Officials had not done enough to contain the … Continue reading →

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Crude Oil: Oil falls below $93 per dollar

Posted on October 31, 2011 by GCI Financial

Oil prices declined 0.53% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 93.34, on demand concerns. In the Asian session, at GMT0400, Crude Oil is trading at 92.59, 0.80% lower from Friday’s close. Crude … Continue reading →

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Silver: Trading lower this morning

Posted on October 31, 2011 by GCI Financial

Silver prices rose 0.23% to USD 35.32 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.47, 2.40% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal slides on Japan’s intervention in the currency market

Posted on October 31, 2011 by GCI Financial

Gold prices traded lower by 0.19% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,742.65 per ounce. In the Asian session, at GMT0400, Gold is trading at 1715.40, 1.56% lower from Friday’s close, after Japan’s … Continue reading →

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