Daily Archives: November 8, 2011

Trading signals for Tuesday 08-11-2011

Posted on November 8, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 08-11-2011 11:00 GMT Continue reading →

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Focus on Rome

Posted on November 8, 2011 by GCI Financial

The spotlight remains on Italy today as the Italian Prime Minister faces several challenges in parliament. The leaders of the opposition will decide whether to present a no-confidence vote to be attached to the 2010 budget vote. Although it is not clear whether a vote on Silvio Berlusconi’s leadership will indeed take place, uncertainty remains high and investors need to be braced for yet more potentially confusing headlines. Continue reading →

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AUD/USD: Aussie as trade balance, business confidence data disappoints investors

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0376, as investors’ concerns that the Euro-zone debt crisis would spread to Italy, reduced demand for high-yielding assets. In Australia, this morning, the National … Continue reading →

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USD/CAD: Trading lower this morning

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CAD to close at 1.0138. Canada’s dollar rose as crude oil, touched the highest level in three months. The currency also rose, after the European Central Bank Executive … Continue reading →

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USD/CHF: Swiss Franc extends slide after Jordan says SNB ready to act

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.34% against the CHF and closed at 0.9009. Swiss franc declined against its US counterpart amid poor Swiss consumer price data. The Consumer Price Index (CPI) declined 0.1% (M-o-M) in October, … Continue reading →

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USD/JPY: Yen intervention losing momentum as US dollar continues to weaken against Yen

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 78.08. In Japan, yesterday, the Leading Index declined to 91.6 in September, compared to 93.8 in the previous month. The Coincident Index declined to … Continue reading →

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GBP/USD: Pound slips amid disappointing retail sales & house price balance data

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.08% against the USD and closed at 1.6056. In the UK, the Halifax house prices rose 1.2% in October, compared to 0.5% decline in the previous month. The Lloyds Employment Confidence … Continue reading →

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EUR/USD: Euro fell on Italy and Greece concerns

Posted on November 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.31% against the USD and closed at 1.3764, on investor concerns that Italy was next in the line of fire in the European sovereign debt crisis. Meanwhile, Greece continued to struggle … Continue reading →

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Crude Oil: Trading above $95 per barrel

Posted on November 8, 2011 by GCI Financial

Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 95.77, as investors speculated that steps by European leaders to tame its debt crisis and shrinking crude supplies in the US indicated that fuel … Continue reading →

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Silver: Italian concerns send Silver higher, trading lower in Asian session

Posted on November 8, 2011 by GCI Financial

Silver prices rose 2.37% to USD 34.96 per ounce during the 24 hours ending 23:00GMT, amid fear that political turmoil in Italy might exacerbate the Euro-zone’s debt crisis. In the Asian session, at GMT0400, Silver is trading at 34.825, 0.39% … Continue reading →

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Gold: Yellow metal rises more than 2% on Italy concerns, trading lower this morning

Posted on November 8, 2011 by GCI Financial

Gold prices traded higher by 2.26% against the USD in the 24 hour period ending 23:00GMT, at 1,793.93 per ounce, amid political uncertainty in Italy which threatened to further complicate the Euro-zone’s sovereign debt crisis. In the Asian session, at … Continue reading →

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