Daily Archives: November 2, 2011

Trading signals for Wednesday 02-11-2011

Posted on November 2, 2011 by GCI Financial

Forex, Commodities and Index signals for Wednesday 02-11-2011 11:00 GMT Continue reading →

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Focus on Greece

Posted on November 2, 2011 by GCI Financial

The focus remains squarely on Greece, leaving risk assets at the mercy of headlines. The Greek press reported that Prime Minister Papandreou refused to back down on his plans at an emergency cabinet meeting Tuesday evening, and still intends to hold a confidence vote in the government Friday. Continue reading →

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AUD/USD: Pair trading between its MA’s

Posted on November 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 2.32% against the USD to close at 1.0292. In the Asian session, at GMT0300, the pair is trading at 1.0344, with the AUD trading 0.51% higher from yesterday’s close. LME Copper … Continue reading →

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USD/CAD: Canadian Dollar fell as Greece concerns weighed on risk appetite, trading higher this morning

Posted on November 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 2.19% against the CAD to close at 1.0218, as risk appetite faded, amid renewed concerns that Greece would default, after Greek Prime Minister, George Papandreou pledged to put an agreement reached … Continue reading →

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USD/CHF: Swiss Franc declined as Swiss PMI contracts, trading higher this morning

Posted on November 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.29% against the CHF and closed at 0.8896, after reports showed that the Swiss manufacturing index declined more than expected. The Purchasing Managers’ Index (PMI) in Switzerland declined to 46.9 in … Continue reading →

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USD/JPY: Japanese Yen rises this morning, as Greece referendum spurs safety demand

Posted on November 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.11% against the JPY and closed at 78.39. In the US, the construction spending rose 0.2% (Y-o-Y) to $787.2 billion in September, compared to a revised level of $786.0 billion in … Continue reading →

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GBP/USD: British Pound trading higher, after yesterday’s fall

Posted on November 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.84% against the USD and closed at 1.5927, following reports showing a decline in UK manufacturing data. The manufacturing Purchasing Managers’ Index in the UK declined to 47.4 in October compared … Continue reading →

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EUR/USD: Euro weakens as Greece concerns resurface

Posted on November 2, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.32% against the USD and closed at 1.3656, as Greek Prime Minister’s decision to seek a referendum on the bailout package, raised concerns about the ability of the bailout fund to … Continue reading →

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Crude Oil: Crude drops on fresh Greek debt concerns, trading higher in Asian session

Posted on November 2, 2011 by GCI Financial

Oil prices declined 1.60% against the USD for the 24 hour period ending 23:00GMT, closing at 91.08, after proposal for a Greek referendum raised worries about the eurozone bailout package ability to contain the debt crisis. Late Tuesday, the American … Continue reading →

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Silver: Trading higher this morning

Posted on November 2, 2011 by GCI Financial

Silver prices declined 2.71% to USD 33.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.37, 0.42% higher from yesterday’s close. Silver is expected to find support at 32.08, and … Continue reading →

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Gold: Yellow metal shines as Greek debt crisis fear returns‎

Posted on November 2, 2011 by GCI Financial

Gold prices traded higher by 0.21% against the USD in the 24 hour period ending 23:00GMT, at 1,715.15 per ounce. In the Asian session, at GMT0400, Gold is trading at 1722.52, 0.43% higher from yesterday’s close. Gold is expected to … Continue reading →

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