Daily Archives: October 3, 2011

Trading signals for Monday 03-10-2011

Posted on October 3, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 03-10-2011 11:00 GMT Continue reading →

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Worries about the Eurozone periphery and global growth prospects

Posted on October 3, 2011 by GCI Financial

Risk sentiment weakened in Asia mainly on lingering worries about the Eurozone periphery and global growth prospects. Greek government draft budget figures show the country is facing larger deficits than previously assumed. This comes as no surprise as published figures were in line with most recent estimations by the IMF. Continue reading →

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USD/CAD: Canadian dollar continues to trade lower in the Asian session

Posted on October 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.93% against the CAD, on Friday, to close at 1.0478. Canadian dollar declined against USD amid concerns that slowdown in global would lead to a decrease in exports and revenue of … Continue reading →

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AUD/USD: Aussie continues its downward journey this morning

Posted on October 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.02% against the USD, on Friday, to close at 0.9729. In Australia, this morning, the Performance of Manufacturing Index (PMI) declined to 42.3 in September, from 43.3 in August. In the … Continue reading →

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USD/JPY: Pair trading between its MA’s

Posted on October 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.40% against the JPY, on Friday, and closed at 77.07. In Japan, on Friday, the housing starts rose 14% (Y-o-Y) in August, compared to 21.2% rise in July. Construction orders, on … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning, market awaits PMI and retail sales data in Switzerland

Posted on October 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.00% against the CHF, on Friday, and closed at 0.9070. In the US, the personal spending rose 0.2% (M-o-M) in August, following a 0.7% rise in July. Additionally, on a monthly … Continue reading →

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GBP/USD: Pound trading lower this morning, awaits PMI manufacturing data in the UK

Posted on October 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD, on Friday, and closed at 1.5591. In the UK, this morning, on a monthly basis, home prices declined 0.1% in September. Additionally, GfK NOP reported that its … Continue reading →

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Crude Oil: Crude oil dips further on demand concerns

Posted on October 3, 2011 by GCI Financial

Oil prices declined 5.02% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 78.67, over investors’ speculation that the oil demand would falter amid European debt concerns. Also, signs of slowing economic growth in China … Continue reading →

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EUR/USD: EUR extended its losses in Asian session amid lingering EU debt concerns

Posted on October 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.36% against the USD, on Friday, and closed at 1.3391, over concerns that the European leaders would not be able to control the debt crisis. In the Euro zone, the Consumer … Continue reading →

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Silver: Trading higher this morning

Posted on October 3, 2011 by GCI Financial

Silver prices declined 2.60% to USD 29.79 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 30.37 per ounce, 1.93% higher, from Friday’s close. The first level of … Continue reading →

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Gold: Gold trading higher amid bargain hunting

Posted on October 3, 2011 by GCI Financial

Gold prices traded slightly higher against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,620.68 per ounce, as recent correction in precious metal prices attracted investors for fresh buying. In the Asian session at 3:00GMT, gold … Continue reading →

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