Daily Archives: November 22, 2011

Trading signals for Tuesday 22-11-2011

Posted on November 22, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 22-11-2011 11:00 GMT Continue reading →

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Risk sell off continued yesterday

Posted on November 22, 2011 by GCI Financial

Investors continued to offload risk trades following yesterday’s sharp declines in Europe. More attention was given to developments in the US as the chairs of the Congressional Super-Committee confirmed that no deal would be possible on fiscal consolidation. Ratings agencies so far have noted that there would be no impact on the US’ standing, as political paralysis appears to have been widely expected. Indeed, this was one of the key reasons behind Standard & Poor’s downgrade of the US this summer and so far their fears have been justified. Continue reading →

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USD/CAD: Loonie declined over US debt impasse, trading flat this morning

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.07% against the CAD to close at 1.0396, as the US deficit impasse and uncertainty over Euro-zone sovereign-debt crisis spurred demand for safe-haven greenback. In Canada, the wholesale sales rose 0.3% … Continue reading →

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Aussie sees a marginal rebound this morning

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.43% against the USD to close at 0.9833. In the Asian session, at GMT0400, the pair is trading at 0.9836, with the AUD trading slightly higher from yesterday’s close. LME Copper … Continue reading →

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USD/CHF: Swiss Franc trading lower in the Asian session

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9175, following reports showing strong Swiss money supply data. The Swiss National Bank reported that the money supply increased 8.2% (YoY) in October, following … Continue reading →

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USD/JPY: Yen continues its downward journey

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.93. In Japan, yesterday, the Leading Index was revised lower to 91.5 in September, from 91.6 in the preliminary estimates. Additionally, the Coincident Economic … Continue reading →

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GBP/USD: Pound continues to move southward, as disappointing UK housing data weigh on sentiment

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.87% against the USD and closed at 1.5643, amid poor UK housing data. The Rightmove House Price Index declined 3.1% (MoM) in November, following 2.8% rise in the previous month. Bank … Continue reading →

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EUR/USD: Euro continues to decline, following warning about France’s credit rating

Posted on November 22, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.3485, as concerns over France losing its AAA credit rating spurred investors’ to flock to safe-havens assets. Moody’s Investors Service cautioned that rising French … Continue reading →

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Crude Oil: Trading between its MA’s

Posted on November 22, 2011 by GCI Financial

Oil prices declined 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 97.14, as warning from Moody’s Investors Service over France’s credit rating and investors’ expectations that the US supercommittee has failed to reach a deficit-reduction … Continue reading →

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Silver: White metal fell over poor Chinese silver imports data

Posted on November 22, 2011 by GCI Financial

Silver prices declined 1.76% to USD 31.54 per ounce during the 24 hours ending 23:00GMT, as greenback strengthened. Silver prices were further weighed down on demand concerns after reports showed that Chinese silver imports dropped 26% (YoY) in October and … Continue reading →

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Gold: Gold declined as US dollar strengthened

Posted on November 22, 2011 by GCI Financial

Gold prices traded lower by 2.39% against the USD in the 24 hour period ending 23:00GMT, at 1,678.40 per ounce, as a greenback rallied, amid European and US debt concerns. In the Asian session, at GMT0400, Gold is trading at … Continue reading →

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