Daily Archives: November 11, 2011

Trading signals for Friday 11-11-2011

Posted on November 11, 2011 by GCI Financial

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

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Some Relief

Posted on November 11, 2011 by GCI Financial

Investors still appear willing to engage in some tactical risk-on during the Asia session as several points of clarification gave investors reason to be less risk-averse. Firstly, it is now clear that France is still a AAA country and second, Greece now has a technocratic government, with strong hints that Italy could follow. Continue reading →

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AUD/USD: Aussie continues to trade higher, Australia’s Treasurer, Swan calls on Europe to act quickly to end crisis

Posted on November 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0148, following a report that showed that Australia’s unemployment rate eased unexpectedly in October. This morning, Australian Treasurer, Wayne Swan stated that the country … Continue reading →

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USD/CAD: Canadian dollar ekes out gain, helped by strong trade data

Posted on November 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD to close at 1.0170, over strong trade balance data in Canada and as global markets stabilized on easing Euro-zone concerns. Trade balance in Canada showed a surplus … Continue reading →

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USD/CHF: Swissy trading steady in Asian session

Posted on November 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.43% against the CHF and closed at 0.9060. In the Asian session, at GMT0400, the pair is trading at 0.9060, with the USD trading flat from yesterday’s close. The pair is … Continue reading →

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USD/JPY: Japanese Yen continues to trade higher

Posted on November 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 77.65. In Japan, yesterday, the Consumer Confidence Index stood at 38.6 in October, unchanged from September. Additionally, this morning, the Tertiary Industry Index declined … Continue reading →

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GBP/USD: British Pound trading flat this morning, BoE retains £275 billion stimulus, freezes rate at record low

Posted on November 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD and closed at 1.5938, following reports that the Bank of England (BoE) kept its key interest rate at a record low of 0.5%. It also maintained its … Continue reading →

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EUR/USD: Euro rebounds on positive updates from Italy & Greece

Posted on November 11, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.58% against the USD and closed at 1.3608, after Italy successfully completed its bond auction and positive developments in Greece on forming a new government, eased investors’ fears about the debt … Continue reading →

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Crude Oil: Crude oil extends its gain in Asian session

Posted on November 11, 2011 by GCI Financial

Oil prices advanced 1.83% against the USD for the 24 hour period ending 23:00GMT, closing at 97.45, amid strong US jobs data. In the Asian session, at GMT0400, Crude Oil is trading at 98.06, 0.63% higher from yesterday’s close. Crude … Continue reading →

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Silver: Trading higher this morning after yesterday’s fall

Posted on November 11, 2011 by GCI Financial

Silver prices declined 0.49% to USD 33.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.0275, 0.24% higher from yesterday’s close. Silver is expected to find support at 33.40, and … Continue reading →

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Gold: Gold drops as safe-haven appeal fades, trading higher this morning

Posted on November 11, 2011 by GCI Financial

Gold prices traded lower by 0.77% against the USD in the 24 hour period ending 23:00GMT, at 1,757.40 per ounce, as a better-than-expected bond auction in Italy and positive developments in Greece improved investors’ risk sentiment, diminishing appeal for precious … Continue reading →

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