Daily Archives: November 4, 2011

Trading signals for Friday 04-11-2011

Posted on November 4, 2011 by GCI Financial

Forex, Commodities and Index signals for Friday 04-11-2011 11:00 GMT Continue reading →

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Focus on Cannes

Posted on November 4, 2011 by GCI Financial

Investors will probably need to brace for a second day of uncertainty as the political situation in Greece remains on edge. After a day of denial and counter-denial, George Papandreou remains in power but the opposition is clearly unwilling to enter into any form of negotiation to form a national unity government with him at the helm. Key global leaders gathering in Cannes are watching the situation unfold with unease, but their options are currrently limited to prevent any form of major fallout. Continue reading →

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AUD/USD: Australian Dollar declines after RBA cuts inflation forecast

Posted on November 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.89% against the USD to close at 1.0397. In the Asian session, at GMT0400, the pair is trading at 1.0381, with the AUD trading 0.15% lower from yesterday’s close, after the … Continue reading →

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USD/CAD: Canadian Dollar rose as risk appetite returned after Greece scraps referendum, trading lower this morning ‎

Posted on November 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.71% against the CAD to close at 1.0081. Loonie rose against the greenback after the European Central Bank announced an interest rate cut and amid reports that Greece had abandoned its … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning. SNB ready to act on Franc if necessary: Danthine

Posted on November 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.76% against the CHF and closed at 0.8784. The Swiss National Bank (SNB) Governing Board member, Jean-Pierre Danthine stated that the elevated foreign exchange rate of the Swiss Franc is putting … Continue reading →

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USD/JPY: Pair trading flat this morning

Posted on November 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 78.06. In the US, the initial jobless claims, for the week ended October 29th, stood at 397,000, compared to the previous week’s revised level … Continue reading →

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GBP/USD: British Pound trading lower, NIESR sees chance of UK recession

Posted on November 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.60% against the USD and closed at 1.6023. The National Institute for Economic and Social Research (NIESR) has indicated that there is a 50% chance that the British economy would slip … Continue reading →

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EUR/USD: Euro trading flat this morning

Posted on November 4, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.70% against the USD and closed at 1.3818, after the Greek Prime Minister George Papandreou indicated abandonment of referendum on a bailout plan. Euro was initially pressurized after the European Central … Continue reading →

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Crude Oil: Trading lower, after yesterday’s surge

Posted on November 4, 2011 by GCI Financial

Oil prices advanced 1.57% against the USD for the 24 hour period ending 23:00GMT, closing at 94.03, as the Greece ruling party revolted against the referendum and rate cut from the European Central Bank renewed hopes about the resolution of … Continue reading →

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Silver: Continues to trade higher

Posted on November 4, 2011 by GCI Financial

Silver prices rose 0.20% to USD 34.32 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.48, 0.49% higher from yesterday’s close. Silver is expected to find support at 33.55, and … Continue reading →

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Gold: Trading flat this morning

Posted on November 4, 2011 by GCI Financial

Gold prices traded higher by 1.17% against the USD in the 24 hour period ending 23:00GMT, at 1,759.45 per ounce, as uncertainty over European debt crisis and strong US jobs data provided a boost to precious metals. In the Asian … Continue reading →

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