Daily Archives: October 7, 2011

Trading signals for Friday 07-10-2011

Posted on October 7, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 07-10-2011 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

ECB kept rates unchanged

Posted on October 7, 2011 by GCI Financial

Risk sentiment improved further in Asia on signs officials are becoming more focused in tackling Europe’s debt crisis and after the ECB said it will provide markets with additional liquidity. While keeping rates on hold, the ECB announced its intention to restart the covered bond purchase program and to re-instate 1y tenders to provide Eurozone banks with longer-term access to unlimited euro liquidity over the end of 2011 and of 2012. Continue reading →

Posted in Market Snapshot | Leave a comment

AUD/USD: Aussie continues to record gains in the Asian session

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.21% against the USD to close at 0.9682, as commodity prices rose and after the European Central Bank’s statement that it would keep assisting banks to stem a possible credit crunch, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian dollar rises on higher risk appetite

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.34% against the CAD to close at 1.0381. Canadian dollar gained against the greenback as attempts by the eurozone officials to contain the debt crisis soothed investors concerns, boosting appetite for … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc trading higher, data on Switzerland unemployment awaited

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.31% against the CHF and closed at 0.9203. In Switzerland, on annual basis, Consumer Price Index rose to 0.5% in September, compared to 0.2% rise in August. Additionally, the foreign currency … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen trading steady ahead of BoJ interest rate decision

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.16% against the JPY and closed at 76.66. In the Asian session, at GMT0300, the pair is trading at 76.65, with the USD trading flat from the New York close. The … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound declined on BoE announcement of a fresh round of QE, trading higher this morning

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.5433, after the Bank of England (BoE) stated that it would inject a further £75 billion into the economy through quantitative easing (QE). Meanwhile, … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro rallies on ECB’s new measures

Posted on October 7, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.61% against the USD and closed at 1.3427, after the European Central Bank announced aggressive liquidity measures to support the region’s ailing banks, while holding interest rates steady at 1.5%, as … Continue reading →

Posted in EUR/USD | Leave a comment

Crude Oil: Oil extends gains, trading above $82 per barrel

Posted on October 7, 2011 by GCI Financial

Oil prices advanced 3.09% against the USD for the 24 hour period ending 23:00GMT, closing at 82.14, over better than expected US jobs data. In the Asian session, at GMT0300, Crude oil is trading at 82.59, 0.55% higher from the … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading higher

Posted on October 7, 2011 by GCI Financial

Silver prices rose 4.64% to USD 31.85 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.175, 1.01% higher from the New York close. Silver is expected to find support at … Continue reading →

Posted in Silver | Leave a comment

Gold: Rises above $1650 per ounce, as ECB, BOE boost liquidity

Posted on October 7, 2011 by GCI Financial

Gold prices traded higher by 0.49% against the USD in the 24 hour period ending 23:00GMT, at 1,650.50 per ounce, after the European Central Bank announced measures to boost liquidity, while the Bank of England implemented a fresh round of … Continue reading →

Posted in Gold | Leave a comment