Daily Archives: November 3, 2011

Trading signals for Thursday 03-11-2011

Posted on November 3, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 03-11-2011 11:00 GMT Continue reading →

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G20 Kicks Off

Posted on November 3, 2011 by GCI Financial

The full G20 summit kicks off in Cannes today with the situation in Greece firmly in the minds of all participants. Before the gathering the Eurozone is to hold yet another summit (though dubbed ‘mini-summit’) amid the search for further clarity with regard to the situation with the referendum. It is clear that the Eurozone leadership is has accepted the vote but are fully framing it in the context of whether Greece wants to remain in the Eurozone; if the answer is in the negative then the Eurozone leadership will look to contain the fallout, and key officials are now openly contemplating the possibility Continue reading →

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AUD/USD: Aussie slips amid retail sales data

Posted on November 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.13% against the USD to close at 1.0305. In the Asian session, at GMT0400, the pair is trading at 1.0256, with the AUD trading 0.48% lower from yesterday’s close, following the … Continue reading →

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USD/CAD: Loonie rose after Fed’s comments spur demand for risk, trading lower this morning

Posted on November 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.64% against the CAD to close at 1.0153. The Canadian dollar strengthened after the Federal Reserve’s reading on the US economy sparked fresh demand for riskier assets and higher-yielding currencies. Federal … Continue reading →

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USD/CHF: Swiss Franc trading marginally lower this morning

Posted on November 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.51% against the CHF and closed at 0.8851. In the US, for the week ended 28 October 2011, mortgage application volumes, on a seasonally adjusted basis, gained 0.2%, as compared to … Continue reading →

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USD/JPY: Greenback continue to trade lower versus Japanese Yen

Posted on November 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.41% against the JPY and closed at 78.07. Yesterday, the Bank of Japan supplied U.S. dollars in market operations, for the first time in more than a year. In a sign … Continue reading →

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GBP/USD: British Pound trading lower this morning

Posted on November 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5927. In the UK, the construction Purchasing Manager Index (PMI) rose to 53.9 in October compared to 50.1 in September. In the Asian session, … Continue reading →

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EUR/USD: Euro fell as European leaders withhold aid before Greece’s referendum

Posted on November 3, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.48% against the USD and closed at 1.3722. French President Nicolas Sarkozy stated that Greece would not receive a “single cent” in aid without holding to the terms of its bailout … Continue reading →

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Crude Oil: Crude oil slips in Asian session

Posted on November 3, 2011 by GCI Financial

Oil prices advanced 1.65% against the USD for the 24 hour period ending 23:00GMT, closing at 92.58, over speculation that the European leaders would push Greece to accept their rescue plan. On Wednesday, the US Energy Information Administration (EIA) reported … Continue reading →

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Silver: Trading lower this morning

Posted on November 3, 2011 by GCI Financial

Silver prices rose 3.05% to USD 34.25 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.83, 1.22% lower from yesterday’s close. Silver is expected to find support at 33.25, and … Continue reading →

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Gold: Gold backpedals, Europe uncertainty weighs ahead of G20 summit

Posted on November 3, 2011 by GCI Financial

Gold prices traded higher by 1.39% against the USD in the 24 hour period ending 23:00GMT, at 1,739.03 per ounce. In the Asian session, at GMT0400, Gold is trading at 1729.93, 0.52% lower from yesterday’s close, tracking the downbeat sentiment … Continue reading →

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