Daily Archives: October 10, 2011

Trading signals for Monday 10-10-2011

Posted on October 10, 2011 by GCI Financial

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

Posted in Trading Signals | Leave a comment

Risk sentiment improved on continued hopes of a more targeted policymaker response to the Eurozone debt crisis

Posted on October 10, 2011 by GCI Financial

Risk sentiment improved in Asia on continued hopes of a more targeted policymaker response to the Eurozone debt crisis. Investors’ growth expectations have also started to improve after Friday’s better-than-expected US payrolls release. German Chancellor Merkel and French President Sarkozy met on Sunday to seek a compromise on a bank recapitalization plan and generally discuss a more efficient response to the European debt crisis. Both leaders indicated they are determined to do everything necessary to ensure the recapitalization of their banks, something Sarkozy had consistently opposed previously. Continue reading →

Posted in Market Snapshot | Leave a comment

AUD/USD: Aussie continues its upward journey

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.34% against the USD, on Friday, to close at 0.9812, as better-than-expected US jobs data raised demand for high yielding assets. In the US, the total non-farm payroll employment increased by … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian dollar trading below its MA’s

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded steady against the CAD, on Friday, to close at 1.0380. In economic news, the Canadian economy added 60,900 jobs in September, rising from the prior contraction of 5,500 in August. Meanwhile, … Continue reading →

Posted in USD/CAD | Leave a comment

USD/JPY: Yen trading higher this morning, investors awaiting Japan trade balance

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.23% against the JPY, on Friday, and closed at 76.84. In Japan, on Friday, the leading index declined to 103.8 in August, compared to 104.6 in July. Meanwhile, the coincident index … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: Swiss Franc trading higher this morning after Friday’s fall

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.76% against the CHF, on Friday, and closed at 0.9273. In Switzerland, on a seasonally adjusted basis, the unemployment rate remained unchanged at 3.0% in September. In the Asian session, at … Continue reading →

Posted in USD/CHF | Leave a comment

GBP/USD: Pound extends its gain in the Asian session

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.82% against the USD, on Friday, and closed at 1.5560. In the UK, the output Producer Price Index (PPI) rose 6.3% (Y-o-Y) in September, following a 6.0% growth recorded in August. … Continue reading →

Posted in GBP/USD | Leave a comment

Crude Oil: Oil edges up after upbeat US jobs data

Posted on October 10, 2011 by GCI Financial

Oil prices advanced 0.93%, on Friday, for the 24 hour period ending 23:00GMT, closing at 82.90, on speculation that oil demand would increase, following the better than expected US jobs data. In the Asian session, at GMT0300, Crude oil is … Continue reading →

Posted in Crude Oil | Leave a comment

EUR/USD: Euro fell on Italy, Spain downgrades; trading higher this morning on EU pledge

Posted on October 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.25% against the USD, on Friday, and closed at 1.3393, after Fitch Ratings Agency downgraded rating of Spain and Italy, renewing concerns over the eurozone debt crisis. Fitch Rating Agency, on … Continue reading →

Posted in EUR/USD | Leave a comment

Silver: White metal showing convergence with its MA’s

Posted on October 10, 2011 by GCI Financial

Silver prices declined 2.27% to USD 31.13 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.75, 1.99% higher from the Friday’s close. Silver is expected to find support … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold trading higher in the Asian session

Posted on October 10, 2011 by GCI Financial

Gold prices traded lower by 0.70% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1638.90 per ounce, amid a broad sell off, after Fitch downgraded the credit ratings of Spain and Italy. In the Asian … Continue reading →

Posted in Gold | Leave a comment