Daily Archives: October 28, 2011

Trading signals for Friday 28-10-2011

Posted on October 28, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 28-10-2011 11:00 GMT Continue reading →

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Solid US economic data

Posted on October 28, 2011 by GCI Financial

The post-summit risk rally continued throughout the US session, and was stoked further by an article in the Financial Times claiming China is “very likely” to offer financial assistance to Europe. EFSF CEO Regling is in Beijing meeting senior Chinese leaders over potential contributions to the EFSF. Comments hit the wires overnight, Regling said ‘we all know China has a particular need to invest surpluses’ and the EFSF can be a good product for its investments needs. The Vice Finance minister in China, Zhu confirmed that talks are under way. Continue reading →

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AUD/USD: Australian dollar climbs after eurozone agrees on bailout‎, trading lower in Asian session

Posted on October 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 2.99% against the USD to close at 1.0702. In the Asian session, at GMT0300, the pair is trading at 1.0674, with the AUD trading 0.26% lower from yesterday’s close. LME Copper … Continue reading →

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USD/CAD: Loonie advanced as risk appetite increased, trading lower this morning

Posted on October 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.29% against the CAD to close at 0.9917, as European leaders plan to contain the debt crisis, raised appeal for high-yielding assets. A surge in crude oil prices further added to … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on October 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 2.44% against the CHF and closed at 0.8607. In the Asian session, at GMT0300, the pair is trading at 0.8610, with the USD trading slightly higher from yesterday’s close. The pair … Continue reading →

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USD/JPY: Japanese Yen continues to trade higher

Posted on October 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.37% against the JPY and closed at 75.94. The Bank of Japan, yesterday, expanded its asset-purchase to a total of ¥55 trillion, while keeping its policy interest-rate target unchanged at 0 … Continue reading →

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GBP/USD: British Pound flat this morning

Posted on October 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.83% against the USD and closed at 1.6088. In the UK, the CBI distributive trades survey declined 11.0% in October, following a 15.0% declined in the previous month. Additionally, the Gfk … Continue reading →

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EUR/USD: Investors cheers to Euro bailout plan, Trading flat this morning after rising more than 2% yesterday

Posted on October 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 2.24% against the USD and closed at 1.4178, amid announcement of a plan by the European leaders to contain the debt crisis. Eurozone leaders agreed on a deal to stem the … Continue reading →

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Crude Oil: Trading lower this morning, after yesterday’s rally

Posted on October 28, 2011 by GCI Financial

Oil prices advanced 3.36% against the USD for the 24 hour period ending 23:00GMT, closing at 93.84, primed by a deal on Greek debt that investors speculated bodes well for resolving the eurozone crisis. In the Asian session, at GMT0300, … Continue reading →

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Silver: White metal rises as EU deal sinks dollar, boosts commodities

Posted on October 28, 2011 by GCI Financial

Silver prices rose 5.53% to USD 35.24 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 35.25, marginally higher from yesterday’s close. Silver is expected to find support at 33.75, and … Continue reading →

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Gold: Gold advanced on EU deal, trading flat this morning

Posted on October 28, 2011 by GCI Financial

Gold prices traded higher by 1.54% against the USD in the 24 hour period ending 23:00GMT, at 1,745.88 per ounce, as investors cheered to the Europe’s plan to address the region’s debt crisis. Meanwhile, a weaker U.S. dollar also added … Continue reading →

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