Daily Archives: October 17, 2011

Trading signals for Monday 17-10-2011

Posted on October 17, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 17-10-2011 11:00 GMT Continue reading →

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G20 meeting without incidents

Posted on October 17, 2011 by GCI Financial

The weekend meeting of G20 finance ministers and central bank governors passed largely without incident and there were no concrete signs that any tangible progress had been made. The IMF, however, does appear to be increasingly amenable to providing short term liquidity to solvent sovereigns, and IMF Managing Director Lagarde said proposals on this would be presented at the Nov. 3 G20 summit. Continue reading →

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AUD/USD: Aussie trading lower this morning ahead of RBA minutes

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.83% against the USD, on Friday, to close at 1.0341. In the Asian session, at GMT0300, the pair is trading at 1.0312, with the AUD trading 0.28% lower from Friday’s close. … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.17% against the CAD, on Friday, to close at 1.0109. Canadian dollar rose on investors’ optimism that the European officials are making progress in designing a rescue plan to contain region’s … Continue reading →

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USD/JPY: Yen trading steady this morning ahead of industrial production data in Japan

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.43% against the JPY, on Friday, and closed at 77.23. In the US, the retail sales rose 1.1% M-o-M to $395.5 billion in September, compared to 0.3% growth in August. Yen … Continue reading →

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USD/CHF: Swiss Franc gives up some gains in the Asian session

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.84% against the CHF, on Friday, and closed at 0.8923. In the Asian session, at GMT0300, the pair is trading at 0.8939, with the USD trading 0.18% higher from Friday’s close. … Continue reading →

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GBP/USD: Pound trading marginally lower after Friday’s rise

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD, on Friday, and closed at 1.5813. In the UK, on a monthly basis, the construction output rose 0.4% in August. Additionally, this morning, the Rightmove House Price … Continue reading →

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EUR/USD: Trading lower after Friday’s surge

Posted on October 17, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD, on Friday, and closed at 1.3883, on optimism that eurozone authorities would come up with the plan to contain the region’s debt crisis. In economic news, the … Continue reading →

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Crude Oil: Crude oil rose 3% on retail data, euro hopes, trading lower this morning‎

Posted on October 17, 2011 by GCI Financial

Oil prices advanced 3.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.27, on optimism that European leaders would soon agree on ways to address the eurozone debt crisis. Additionally, strong US retails sales … Continue reading →

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Silver: Trading higher

Posted on October 17, 2011 by GCI Financial

Silver prices rose 1.39% to USD 32.19 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.24, 0.16% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal extending its Friday’s gains

Posted on October 17, 2011 by GCI Financial

Gold prices traded higher by 0.92% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,681.18 per ounce, as optimism over eurozone’s plan to resolve the region’s debt crisis and a decline in the greenback lifted … Continue reading →

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