Daily Archives: November 15, 2011

Trading signals for Tuesday 15-11-2011

Posted on November 15, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 15-11-2011 11:00 GMT Continue reading →

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Process of government formation continues in Italy

Posted on November 15, 2011 by GCI Financial

FX price action was relatively subdued in Asia except for a very brief spike higher in USDJPY on the break of 77.00. The pair promptly settled back down, and the absence of rhetoric from Japan afterwards suggests the move was not particularly noteworthy. The AUD also got a brief boost after the RBA minutes from the Oct. 31 meeting revealed that the board seriously considered not cutting the policy rate, but eventually decided to do so. Continue reading →

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Crude Oil: Oil rises this morning after yesterday’s fall

Posted on November 15, 2011 by GCI Financial

Oil prices declined 1.31% against the USD for the 24 hour period ending 23:00GMT, closing at 98.05, on concerns Europe may slip into a recession, diminishing hopes that new governments in Italy and Greece would prevent the region’s debt crisis … Continue reading →

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Silver: Continue to trade lower in Asian session

Posted on November 15, 2011 by GCI Financial

Silver prices declined 1.59% to USD 34.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.18, 0.12% lower from yesterday’s close. Silver is expected to find support at 33.82, and … Continue reading →

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Gold: Gold slips southward as political instability in Greece and Italy boosts the dollar

Posted on November 15, 2011 by GCI Financial

Gold prices traded lower by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1,780.82 per ounce, as hopes dim that stability will return soon to Italy and Greece. In the Asian session, at GMT0400, Gold is … Continue reading →

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AUD/USD: Aussie recoups its yesterday’s losses as RBA sounds less than dovish

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.32% against the USD to close at 1.0193, as concerns that Europe would struggle to contain its sovereign-debt crisis sapped demand for riskier currencies. In the Asian session, at GMT0400, the … Continue reading →

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USD/CAD: Canadian Dollar declines as crude oil falls and amid renewed European debt concern

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.74% against the CAD to close at 1.0168, The Canadian dollar fell amid fall in crude oil prices and amid concerns that European nations may find it difficult to repay their … Continue reading →

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USD/CHF: Swiss Franc trading lower as PPI drops in Switzerland

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.07% against the CHF and closed at 0.9087. The Swiss franc weakened versus the dollar as producer and import prices in Switzerland fell for a sixth month in October. In Switzerland, … Continue reading →

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USD/JPY: Pair trading flat this morning

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 77.10, after strong Japanese GDP data. Japanese Gross Domestic Product (GDP) rose 1.5% in the third quarter of 2011, following a contraction in the … Continue reading →

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GBP/USD: British Pound continues to trade lower on Euro-zone concerns

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.10% against the USD and closed at 1.5897, as Italian borrowing costs surged to record highs after a government bond auction, weighing on demand for British Pound. In the Asian session, … Continue reading →

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EUR/USD: Euro backpedals, Italian yields rise; Greece opposition vows to reject austerity

Posted on November 15, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.20% against the USD and closed at 1.3619, amid renewed fears over the Euro-zone debt crisis after the Italian bond auction and poor Euro-zone industrial data. Italy’s Treasury auctioned €3 billion … Continue reading →

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