Daily Archives: November 10, 2011

Trading signals for Thursday 10-11-2011

Posted on November 10, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 10-11-2011 11:00 GMT Continue reading →

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Euro Bears gather

Posted on November 10, 2011 by GCI Financial

FX markets consolidated yesterday’s sharp moves overnight but risk appetite stayed broadly weak with Asian equities catching up on the falls in the US and Europe yesterday. Focus will be on the Italian debt markets again after the volatile price action seen yesterday, where yields at all points on the Italian sovereign curve closed above 7% for the first time since the launch of the euro, with the exception of 3m bills Continue reading →

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AUD/USD: Australian Dollar halts decline amid positive employment report

Posted on November 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 2.37% against the USD to close at 1.0129, over renewed Euro-zone debt concerns, amid a leadership crisis in Greece, and as Italian 10-year government bonds yield soared to more than 7%. … Continue reading →

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USD/CAD: Loonie tumbles as risk aversion increased on Italian debt concerns, trading higher this morning

Posted on November 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.51% against the CAD to close at 1.0246. The Canadian dollar fell, as the Euro-zone debt crisis and fears that Italy would be forced to seek a bailout heightened risk aversion … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning

Posted on November 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.63% against the CHF and closed at 0.9099. In the Asian session, at GMT0400, the pair is trading at 0.9146, with the USD trading 0.52% higher from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen trading flat this morning, Japan core machine orders plunge 8.2%

Posted on November 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 77.72. In Japan, yesterday, the Current conditions index rose to 45.9 in October, compared to 45.3 in September. Meanwhile, the Outlook index declined further … Continue reading →

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GBP/USD: Pair trading below its MA’s

Posted on November 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.14% against the USD and closed at 1.5908. In the UK, the overall trade balance, including goods and services trade deficit widened to £3.9 billion in September, from £2.7 billion for … Continue reading →

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EUR/USD: Euro fell as debt crisis deepens, trading flat this morning

Posted on November 10, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 2.14% against the USD and closed at 1.3529, after Italian government bond yields rose to 7.5%, raising fears that the country would need a bailout. In the Asian session, at GMT0400, … Continue reading →

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Crude Oil: Crude oil continues to slip in Asian session

Posted on November 10, 2011 by GCI Financial

Oil prices declined 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 95.70, amid persisting doubts over the Euro-zone’s debt crisis. The Energy Information Administration reported that crude inventories declined 1.4 million barrels for the week … Continue reading →

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Silver: Trading lower this morning

Posted on November 10, 2011 by GCI Financial

Silver prices declined 2.45% to USD 34.11 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.83, 0.82% lower from yesterday’s close. Silver is expected to find support at 33.30, and … Continue reading →

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Gold: Yellow metal retreats as Italy concerns push dollar higher

Posted on November 10, 2011 by GCI Financial

Gold prices traded lower by 0.95% against the USD in the 24 hour period ending 23:00GMT, at 1,770.95 per ounce. In the Asian session, at GMT0400, Gold is trading at 1761.38, 0.54% lower from yesterday’s close. Gold is expected to … Continue reading →

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