Daily Archives: October 21, 2011

Trading signals for Friday 21-10-2011

Posted on October 21, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 21-10-2011 11:00 GMT Continue reading →

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Eurozone officials call second summit for Wednesday Oct. 26

Posted on October 21, 2011 by GCI Financial

The euro remained hostage to headlines regarding the Eurozone sovereign debt crisis during the US session, and it seems several more days of this headline sensitivity lies ahead. Eurozone officials have called a second summit for Wednesday Oct. 26, although the original one on Sunday Oct 23 is also due to go ahead as planned. Continue reading →

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AUD/USD: Aussie trading lower in Asian session

Posted on October 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0237. In Australia, this morning, the Export Price Index increased 4.0% in third quarter of 2011, compared to 6.0% rise in the previous quarter. … Continue reading →

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GBP/USD: British Pound continues to rise, UK retail sales unexpectedly increase most in five months

Posted on October 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5794. In the UK, the retail sales rose 0.6% in September, compared to a 0.4% decline in the previous month. Additionally, this morning, the … Continue reading →

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USD/CAD: Loonie rebounds on renewed optimism over European debt accord

Posted on October 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 1.0161, as renewed investors’ optimism that the European officials would be able to solve the debt crisis next week, spurred demand for high yielding … Continue reading →

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USD/CHF: Swiss Franc moves northwards

Posted on October 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.01% against the CHF and closed at 0.8939.In Switzerland, the trade surplus rose to CHF1.85 billion in September, compared to a surplus of CHF 808 million in August. Additionally, the ZEW … Continue reading →

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USD/JPY: Japanese Yen trading higher this morning

Posted on October 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.08% against the JPY and closed at 76.88. The Bank of Japan Governor, Masaaki Shirakawa, stated that despite the market turmoil and debt crisis, Japanese banking system has remained stable and … Continue reading →

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EUR/USD: Euro rose on hopes for debt crisis solution, tad lower this morning

Posted on October 21, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3782, ahead of eurozone summit on Sunday. In the Eurozone economic news, the consumer confidence declined to -19.9 in October from a revised reading … Continue reading →

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Gold: Yellow metal edges lower as investors focus on EU developments, trading higher this morning

Posted on October 21, 2011 by GCI Financial

Gold prices traded lower by 1.80% against the USD in the 24 hour period ending 23:00GMT, at 1,613.93 per ounce, as investors sold off precious metal amid uncertainty over the resolution by eurozone officials to contain the debt crisis. In … Continue reading →

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Silver: Trading between its MA’s

Posted on October 21, 2011 by GCI Financial

Silver prices declined 2.67% to USD 30.41 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.685, 0.92% higher from yesterday’s close. Silver is expected to find support at 29.98, and … Continue reading →

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Crude Oil: Trading higher this morning

Posted on October 21, 2011 by GCI Financial

Oil prices advanced 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 86.28, after EIA report showed that crude oil inventories declined last week. In the Asian session, at GMT0300, Crude Oil is trading at 86.52, … Continue reading →

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