Daily Archives: October 19, 2011

Trading signals for Wednesday 19-10-2011

Posted on October 19, 2011 by GCI Financial

Forex, Commodities and Index signals for Wednesday 19-10-2011 11:00 GMT Continue reading →

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Risk sentiment opens on a better footing in Europe despite disappointing headlines overnight

Posted on October 19, 2011 by GCI Financial

Risk sentiment has opened on a better footing in Europe despite disappointing headlines overnight. Initially the euro jumped sharply during the US session after The Guardian newspaper reported that France and Germany have agreed to create a leveraged EFSF worth EUR 2 trn. All gains were surrendered after the report was quickly denied by other wires. Adding to the mix, Moody’s downgraded Spain’s sovereign rating by two notches to A1, taking it one notch below both S&P and Fitch. Continue reading →

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Crude Oil: Oil rose after decline in crude inventories, trading flat this morning

Posted on October 19, 2011 by GCI Financial

Oil prices advanced 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 88.24, after API reported a decline in crude oil inventories. Late Tuesday, the American Petroleum Institute (API), reported that crude oil inventories fell 3.13 … Continue reading →

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AUD/USD: Aussie continues its upward journey

Posted on October 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.79% against the USD to close at 1.0253, after reports showed strong Chinese retail sales and industrial production growth. This morning, the Westpac Leading Index, in Australia, rose 0.8% (M-o-M) in … Continue reading →

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USD/CAD: Canadian dollar extends gains in the Asian session

Posted on October 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.72% against the CAD to close at 1.0151. Canadian dollar rose against greenback amid easing concerns that the US economy is heading into recession. In the Asian session, at GMT0300, the … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on October 19, 2011 by GCI Financial

Silver prices declined marginally to USD 31.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.92, 0.26% higher from yesterday’s close. Silver is expected to find support at 30.74, and … Continue reading →

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USD/CHF: Greenback lower this morning

Posted on October 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.13% against the CHF and closed at 0.8995. In the US, the net long-term TIC flows rose to $57.9 billion in August, in comparison with $9.1 billion in July. In the … Continue reading →

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Gold: Gold trading between is MA’s

Posted on October 19, 2011 by GCI Financial

Gold prices traded lower by 1.17% against the USD in the 24 hour period ending 23:00GMT, at 1,653.57 per ounce, amid speculation that commodity regulators would pass new rules to set position limits on futures trading. In the Asian session, … Continue reading →

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USD/JPY: Yen rises in the Asian session

Posted on October 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.80. Data released in Japan showed that machine tool orders grew 20.1% (YoY) in September, from a 20.3% growth in August. Separately, the Japan … Continue reading →

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GBP/USD: Pound trading higher ahead of BoE minutes

Posted on October 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.5713, as higher UK inflation failed to persuade investors that the Bank of England (BoE) would temper its bond-buying program after it was revived … Continue reading →

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EUR/USD: Euro fell on eurozone debt concerns, trading higher this morning

Posted on October 19, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.07% against the USD and closed at 1.3735, as Moody Investors Service, late on Monday, warned that France’s Aaa credit rating could be at risk. Also, yesterday, Moody’s downgraded Spain’s credit … Continue reading →

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