Monthly Archives: November 2011

Silver: Converging with its MA’s

Posted on November 30, 2011 by GCI Financial

Silver prices declined 0.42% to USD 31.93 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.82, 0.34% lower from yesterday’s close. Silver is expected to find support at 31.48, and … Continue reading →

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Crude Oil: Crude oil rose on mounting tensions in Iran, trading lower this morning

Posted on November 30, 2011 by GCI Financial

Oil prices advanced 1.85% against the USD for the 24 hour period ending 23:00GMT, closing at 99.59, following strong US consumer confidence data and amid reports the British embassy in Tehran was attacked. Crude prices also rose, after the reports … Continue reading →

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AUD/USD: Aussie advanced on Fitch upgrade, trading lower this morning

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.20% against the USD to close at 1.0033, after Fitch upgraded Australian foreign currency Issuer Default Rating (IDR) to ‘AAA’ from ‘AA+’ with a ‘Stable’ outlook. In the Asian session, at … Continue reading →

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Gold: Yellow metal continues to trade higher

Posted on November 30, 2011 by GCI Financial

Gold prices traded higher by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1,716.48 per ounce, as the greenback weakened. In the Asian session, at GMT0400, Gold is trading at 1722.32, 0.34% higher from yesterday’s close. … Continue reading →

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USD/CAD: Canadian dollar trading lower this morning, GDP data awaited in Canada

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD to close at 1.0313. Canadian dollar rose, after better-than-expected consumer confidence data in the US boosted investors’ risk appetite. In economic news, on a seasonally adjusted basis, … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CHF and closed at 0.9205. The Swiss Franc rose against the greenback, after the Swiss UBS consumption indicator rose to 0.91 in October, following 0.84 in September. In … Continue reading →

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USD/JPY: Yen gives up some gains in the Asian session

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.14% against the JPY and closed at 77.95. In the Asian session, at GMT0400, the pair is trading at 77.94, with the USD trading flat from yesterday’s close. In Japan, this … Continue reading →

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GBP/USD: Pound drifting lower this morning after yesterday’s rise

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD and closed at 1.5604. The UK Chancellor of Exchequer, George Osborne announced that growth forecast for the UK economy in 2011 and 2012 has been revised lower … Continue reading →

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EUR/USD: Euro trading flat this morning, Investors eye German retail sales and EU unemployment data

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.08% against the USD and closed at 1.3327. However, gains in euro were limited after the European Central Bank (ECB) failed to fully offset its purchases of Euro-zone government bonds, highlighting … Continue reading →

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Trading signals for Tuesday 29-11-2011

Posted on November 29, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 29-11-2011 11:00 GMT Continue reading →

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Focus on this week’s bond auctions

Posted on November 29, 2011 by GCI Financial

Risk continues to enjoy a healthy recovery as today’s Eurozone Finance Ministers look to approve Greece receiving the 6th tranche of aid today. More importantly, the details for EFSF leveraging are expected to receive the official go-ahead, though the marginal impact of these bits of ‘good news’ should be limited at best and investors will still cast a nervous eye towards this week’s bond auctions and Eurozone yields in general may not find too much respite. Continue reading →

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