Daily Archives: October 13, 2011

Trading signals for Thursday 13-10-2011

Posted on October 13, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 13-10-2011 11:00 GMT Continue reading →

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Australia’s employment rises above market expectations

Posted on October 13, 2011 by GCI Financial

Risk appetite has been firm in Asia, mainly due to continuing optimism that EU officials may be nearing a solution to the debt crisis and better-than-expected data releases. The FOMC’s Sept 20-21 meeting minutes showed some officials wanted to keep further asset purchases as an option to boost the economy. Continue reading →

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AUD/USD Aussie trading higher on Australian employment report‎

Posted on October 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 2.03% against the USD to close at 1.0160. In the Asian session, at GMT0300, the pair is trading at 1.0182, with the AUD trading 0.22% higher from the yesterday’s close, following … Continue reading →

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USD/CAD: Loonie rose on higher risk appetite, trading lower this morning

Posted on October 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.01% against the CAD to close at 1.0178. Canadian dollar rose as investors’ risk appetite increased after the European officials agreed on a plan to recapitalize the region’s banks. In Canada, … Continue reading →

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USD/CHF: Swiss Franc backpedals in the Asian session

Posted on October 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.49% against the CHF and closed at 0.8949. In the Asian session, at GMT0300, the pair is trading at 0.8972, with the USD trading 0.26% higher from yesterday’s close. The pair … Continue reading →

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EUR/USD: Euro jumped on recapitalization plan, trading slightly lower this morning

Posted on October 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD and closed at 1.3789, after Eurogroup President, Jean-Claude Juncker proposed steps to resolve the eurozone crisis. In economic news, industrial production in the eurozone rose 1.2% (MoM) … Continue reading →

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USD/JPY: Pair trading between its MA’s

Posted on October 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.70% against the JPY and closed at 77.23. The Bank of Japan (BoJ) meeting minutes released showed that more monetary easing steps may become necessary, depending on economic developments. The BoJ … Continue reading →

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GBP/USD: Pound trading lower

Posted on October 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 1.01% against the USD and closed at 1.5747. In the UK, on a seasonally adjusted basis, the claimant count rose 17,500 in September. The unemployment rate stood at 8.1% for the … Continue reading →

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Crude Oil: Oil down as IEA reduces demand forecast

Posted on October 13, 2011 by GCI Financial

Oil prices declined 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 84.91, as Federal Open Market Committee meeting minutes revealed that Federal Reserve officials were concerned that economic growth would not pick up till end … Continue reading →

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Silver: White metal retreats in the Asian session

Posted on October 13, 2011 by GCI Financial

Silver prices rose 1.62% to USD 32.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.57, 0.11% lower from yesterday’s close. Silver is expected to find support at 32.02, and … Continue reading →

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Gold: Yellow metal continues to shine this morning

Posted on October 13, 2011 by GCI Financial

Gold prices traded higher by 0.86% against the USD in the 24 hour period ending 23:00GMT, at 1,678.72 per ounce, as the dollar weakened after the European officials delivered a plan for recapitalising the region’s banks, easing fears over the … Continue reading →

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