Monthly Archives: October 2011

Trading signals for Wednesday 26-10-2011

Posted on October 26, 2011 by GCI Financial

Forex, Commodities and Index signals for Wednesday 26-10-2011 11:00 GMT Continue reading →

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Focus on Eurozone Summit

Posted on October 26, 2011 by GCI Financial

All eyes will be back on the Eurozone today as the leaders of the European Union hold their second summit in the space of a week in search of a comprehensive solution to the Eurozone debt crisis. However, pre-summit nerves are showing as Tuesday’s headline flow was hardly reassuring for those in search of a positive outcome. German lawmakers initially disputed the inclusion of language in the final draft calling for more secondary bond purchases by the ECB. Continue reading →

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USD/CHF: Swissy continues its northward journey

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CHF and closed at 0.8783. In the US, the consumer confidence index in the US edged down unexpectedly to 39.80 in October. Also, the Federal Reserve Bank of … Continue reading →

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GBP/USD: Pound trading higher in Asian session

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6000. In the UK, the British Bankers’ Association (BBA) indicated that the number of mortgage approvals unexpectedly dropped to 33,130 in September, from 35,069 … Continue reading →

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USD/JPY: Yen trading lower, amid disappointing US consumer confidence data

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.05% against the JPY and closed at 76.13, following disappointing US consumer confidence index data. In Japan, the small business confidence index declined to 46.4 in October, from 47.2 in September. … Continue reading →

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USD/CAD: Loonie slides after BoC cuts growth outlook, trading higher this morning

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.28% against the CAD to close at 1.0166. The Canadian dollar declined after Bank of Canada (BoC) kept its overnight rates unchanged, citing greater risks to the global economy and rising … Continue reading →

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AUD/USD: Aussie continues to trade lower in Asian session

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.30% against the USD to close at 1.0433. The Australian Bureau of Statistics reported that the third quarter Consumer Price Index rose 3.5% (Y-o-Y) and 0.6% (Q-o-Q), down from 3.6% and … Continue reading →

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EUR/USD: Euro fell on EU summit doubts, trading tad higher

Posted on October 26, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.3909, after the cancellation of a European finance ministers meeting that raised doubts whether an EU summit would deliver a bold plan to tackle … Continue reading →

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Silver: Silver shines, rose more than 4%

Posted on October 26, 2011 by GCI Financial

Silver Movement Silver prices rose 4.16% to USD33.00 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at USD33.10, 0.31% higher from yesterday’s close. Silver is expected to find support at 31.84, … Continue reading →

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Gold: Yellow metal rises above $1700 per ounce on EU debt concerns, US data‎

Posted on October 26, 2011 by GCI Financial

Gold Movement Gold prices traded higher by 2.78% against the USD in the 24 hour period ending 23:00GMT, at 1,697.93 per ounce, as demand for the safe haven asset increased amid uncertainty over the upcoming European Union debt summit and … Continue reading →

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Crude Oil: Crude extended its gains on supply concerns

Posted on October 26, 2011 by GCI Financial

Crude Oil Movement Oil prices advanced 0.77% against the USD for the 24 hour period ending 23:00GMT, closing at 92.40, extending its previous session gains, amid concerns over tight supply. Late Tuesday, the American Petroleum Institute reported that, in the … Continue reading →

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