Daily Archives: October 14, 2011

Trading signals for Friday 14-10-2011

Posted on October 14, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 14-10-2011 11:00 GMT Continue reading →

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S&P downgraded Spain to AA- from AA and kept a negative outlook

Posted on October 14, 2011 by GCI Financial

Risk sentiment was mixed in Asia after Standard & Poor’s downgraded Spain and US stock markets closed lower. S&P downgraded Spain to AA- from AA and kept a negative outlook, citing high unemployment, tightening credit and high private-sector debt as the main reasons. As S&P’s decision only matched Fitch’s move to downgrade Spain and as there is no indication of a similar short-term move on Italy, the impact on the euro was muted. Continue reading →

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USD/CAD: Pair showing convergence with its MA’s, trading flat this morning

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.50% against the CAD to close at 1.0229. Canadian dollar fell against the greenback, as risk appetite declined for riskier assets, amid poor traded data from China. Meanwhile, in Canada, the … Continue reading →

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AUD/USD: Aussie trading higher in the Asian session

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened slightly against the USD to close at 1.0155. In the Asian session, at GMT0300, the pair is trading at 1.0171, with AUD trading 0.16% higher from yesterday’s close. LME Copper prices … Continue reading →

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USD/CHF: Swiss Franc gaining strength in the Asian session

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.8999. In the US, the trade deficit narrowed to $45.61 billion in August, compared to a revised deficit of $45.63 in July. In Switzerland, … Continue reading →

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USD/JPY: Yen trading stable this morning after yesterday’s rise

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.90. In Japan, this morning, the money supply rose 2.7% (Y-o-Y) to ¥800.2 trillion in September, unchanged from the previous month. Additionally, the Domestic … Continue reading →

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Crude Oil: Oil falls as supplies increase, trading flat this morning

Posted on October 14, 2011 by GCI Financial

Oil prices declined 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 84.13, following the EIA report showing an increase in oil stockpiles. The Energy Information Administration reported that crude oil inventories rose 1.3 million barrels … Continue reading →

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GBP/USD: Pound trading steady in the Asian session

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5743. In the UK, goods trade deficit declined to £7.8 billion in August, compared to a deficit of £8.2 billion recorded in July. Additionally, … Continue reading →

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Silver: Stronger dollar, weaker equities continue to weigh on silver prices

Posted on October 14, 2011 by GCI Financial

Silver prices declined 2.64% to USD 31.75 per ounce during the 24 hours ending 23:00GMT, as equities declined, while gains in the dollar curbed demand for the white metal. In the Asian session, at GMT0300, the pair is trading at … Continue reading →

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EUR/USD: Euro loses steam on Spain downgrade‎, trading higher this morning

Posted on October 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.36% against the USD and closed at 1.3740, after Standard&Poor’s downgraded Spain’s credit rating to AA- from AA with a negative outlook. In economic news, on an annual basis, Consumer Price … Continue reading →

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Gold: Trading flat this morning

Posted on October 14, 2011 by GCI Financial

Gold prices traded lower by 0.77% against the USD in the 24 hour period ending 23:00GMT, at 1,665.84 per ounce, as profit booking and a stronger dollar provided downward pressure In the Asian session, at GMT0300, the pair is trading … Continue reading →

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