Daily Archives: October 11, 2011

Trading signals for Tuesday 11-10-2011

Posted on October 11, 2011 by GCI Financial

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

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Improving sentiment about the EU debt crisis

Posted on October 11, 2011 by GCI Financial

Risk appetite has been stable in Asia, mainly in reaction to improving sentiment about the EU debt crisis, better than expected macro data, and after news that China’s government plans to boost its stakes in the country’s biggest banks. In Europe, Greek Finance Minister Venizelos said yesterday that the troika has concluded discussions. An official statement in which the troika inspectors will detail whether they believe that Greece has made enough progress to receive its next aid tranche will now be released earlier than expected, and crucially, ahead of the next EU summit. Continue reading →

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USD/CAD: Canadian dollar loses steam in the Asian session

Posted on October 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD fell 1.15% against the CAD to close at 1.0268. In the Asian session, at GMT0300, the pair is trading at 1.0295, with the USD trading 0.26% higher from the New York close. … Continue reading →

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AUD/USD: Aussie backpedals this morning after yesterday’s surge

Posted on October 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 2.34% against the USD to close at 0.9983. This morning, in Australia, the National Australia Bank (NAB) reported that its business confidence index climbed to -2.0 in September, from -9.0 in … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on October 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD fell 2.48% against the CHF and closed at 0.9043. In the Asian session, at GMT0300, the pair is trading at 0.9045, with the USD trading marginally higher from the New York close. … Continue reading →

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GBP/USD: Trading lower this morning

Posted on October 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.77% against the USD and closed at 1.5657. In the UK, Lloyds Bank Corporate Markets indicated that its employment confidence index retreated to -67.0 in September, from -66.0 in August. This … Continue reading →

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USD/JPY: Yen holds on to yesterday’s gains

Posted on October 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.16% against the JPY and closed at 76.68. This morning, Japan’s current account surplus dropped to ¥407.5 billion in August, from a current account surplus of ¥990.2 billion in July. Also, … Continue reading →

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Crude Oil: Trading lower in Asian session, after yesterday’s surge

Posted on October 11, 2011 by GCI Financial

Oil prices advanced 2.80% against the USD for the 24 hour period ending 23:00GMT, closing at 85.49, after the German and French leaders jointly pledged, over the weekend, to take concrete measures to contain the sovereign-debt crisis in Europe. Oil … Continue reading →

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Silver: Trading higher

Posted on October 11, 2011 by GCI Financial

Silver prices advanced 2.38% to USD32.15 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.23, 0.25% higher from the New York close. Silver is expected to find support at 31.66, … Continue reading →

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EUR/USD: Euro strengthens on debt pledge, trading lower this morning

Posted on October 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.92% against the USD and closed at 1.3637, amid increased risk appetite for riskier asset after France and Germany jointly decided to come up with a plan to tackle the eurozone … Continue reading →

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Gold: Yellow metal continues to rise after EU pledge

Posted on October 11, 2011 by GCI Financial

Gold prices traded higher by 2.35% against the USD in the 24 hour period ending 23:00GMT, at 1,679.40 per ounce, as more hopeful outlook on Europe soothed fears of a Greek default. In a joint statement made on Sunday, German … Continue reading →

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