Daily Archives: October 4, 2011

Trading signals for Tuesday 04-10-2011

Posted on October 4, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 04-10-2011 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Continued worries about the Eurozone periphery

Posted on October 4, 2011 by GCI Financial

Risk aversion persisted in Asia on continued worries about the Eurozone periphery. Eurozone finance ministers agreed yesterday that Greece could wait until mid-November until it receives the next aid tranche. Greece was said to be able to run without additional cash until the second week of November. Separately, Eurogroup Chairman Juncker confirmed that discussions are underway to revise the July 21 agreement on private sector participation in a second Greek rescue. Continue reading →

Posted in Market Snapshot | Leave a comment

GBP/USD: Pound trading higher in the Asian session

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.96% against the USD and closed at 1.5432, as investors bet on additional Bank of England stimulus, even in the face of a surprise expansion of UK manufacturing. In the UK, … Continue reading →

Posted in GBP/USD | Leave a comment

AUD/USD: Aussie trading lower ahead of the RBA interest rate decision

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.11% against the USD to close at 0.9622. In Australia, this morning, the trade surplus widened to A$3.1 billion in August, from a surplus of A$1.82 billion in July. Additionally, the … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CHF: Swiss Franc trading flat after losing ground yesterday

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.24% against the CHF and closed at 0.9207. In the US, the ISM manufacturing increased to 51.6 in September, from 50.6 recorded in August. Swiss Franc came under pressure, after the … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Japanese Yen trading lower this morning

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.78% against the JPY and closed at 76.60. In Japan, this morning, the monetary base rose to 16.7% (Y-o-Y) in September from 15.9% in August. In the Asian session, at GMT0300, … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CAD: Loonie trading flat this morning

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 1.0540. Loonie declined against the greenback as investors sold off high yielding assets amid a sharp decline in oil prices and Euro zone debt … Continue reading →

Posted in USD/CAD | Leave a comment

Crude Oil: Crude fell on Greece concerns, trading higher this morning

Posted on October 4, 2011 by GCI Financial

Oil prices declined 2.43% against the USD for the 24 hour period ending 23:00GMT, closing at 76.42, as concerns that Greece might default on its debt outweighed positive US economic data on manufacturing, construction and new vehicle sales. In the … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading higher

Posted on October 4, 2011 by GCI Financial

Silver prices rose 1.21% to USD 30.65 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.8263, 0.59% higher from the New York close. Silver is expected to find support at … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal continue to shine on safe-haven buying

Posted on October 4, 2011 by GCI Financial

Gold prices traded higher by 2.16% against the USD in the 24 hour period ending 23:00GMT, at 1,663.80 per ounce, as ongoing eurozone debt concerns spurred investors to buy the precious metal. In the Asian session, at GMT0300, Gold is … Continue reading →

Posted in Gold | Leave a comment

EUR/USD: Euro drops as Greece debt crisis intensifies, trading steady this morning

Posted on October 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.29% against the USD and closed at 1.3193, amid concerns whether Greece would receive the next tranche of aid from international lenders. Fitch Rating Agency, on Monday, lowered the growth forecast … Continue reading →

Posted in EUR/USD | Leave a comment