Daily Archives: October 18, 2011

Trading signals for Tuesday 18-10-2011

Posted on October 18, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 18-10-2011 11:00 GMT Continue reading →

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China posts its weakest quarterly growth figures in two years

Posted on October 18, 2011 by GCI Financial

Risk sold off heavily overnight as China posted its weakest quarterly growth figures in two years on softer conditions domestically and a fall in external demand. Given the European Union is China’s largest trading partner, investors are justifiably questioning Europe’s ability to register enough growth to help alleviate its debt crisis. The soft data added to worries sparked yesterday by Germany warning markets not to be too expectant of a grand bargain at the upcoming EU summit. Continue reading →

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AUD/USD: Aussie tad higher this morning, RBA leaves door open for rate cut

Posted on October 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.54% against the USD to close at 1.0173 This morning, Australia’s central bank left open the possibility of a cut in interest rates as early as November. In the minutes of … Continue reading →

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USD/CAD: Loonie trading flat after yesterday’s fall

Posted on October 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.30% against the CAD to close at 1.0225, as comments from German officials that eurozone officials would not be able to find a solution till October23, diminished appeal for high yielding … Continue reading →

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USD/CHF: Pair converging with its MA’s

Posted on October 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.76% against the CHF and closed at 0.8983. In the Asian session, at GMT0300, the pair is trading at 0.8964, with the USD trading 0.21% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Trading flat this morning

Posted on October 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.52% against the JPY and closed at 76.81. In Japan, yesterday, the industrial output rose 0.6% (M-o-M) in August, following a 0.8% rise in the previous month. Additionally, the capacity utilization … Continue reading →

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GBP/USD: Pound trading higher this morning, UK CPI in focus

Posted on October 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5745, amid concerns that the UK economic growth would falter as European leaders struggle to meet a one-week deadline to find a solution to … Continue reading →

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EUR/USD: Euro backpedals as Merkel downplays EU summit, trading higher this morning

Posted on October 18, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.00% against the USD and closed at 1.3745, after German Chancellor Angela Merkel tempered investors’ expectations that the European leaders would come up with a comprehensive solution to resolve debt crisis. … Continue reading →

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Gold: Yellow metal loses its shine, trading lower this morning on dashed eurozone hopes

Posted on October 18, 2011 by GCI Financial

Gold prices traded lower by 0.47% against the USD in the 24 hour period ending 23:00GMT, at 1,673.13 per ounce, as hopes for a speedier resolution for eurozone sovereign-debt crisis faded and as the greenback inched up. In the Asian … Continue reading →

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Silver: Trading lower this morning

Posted on October 18, 2011 by GCI Financial

Silver prices declined 1.14% to USD 31.85 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.69, 0.51% lower from yesterday’s close. Silver is expected to find support at 31.23, and … Continue reading →

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Crude Oil: Crude falls as eurozone concerns re-emerge

Posted on October 18, 2011 by GCI Financial

Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 86.28, after Germany’s finance minister stated that an upcoming European Union summit would not produce a definitive resolution to the eurozone debt crisis. In … Continue reading →

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