Daily Archives: November 28, 2011

Trading signals for Monday 28-11-2011

Posted on November 28, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 28-11-2011 11:00 GMT Continue reading →

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Markets remain nervous

Posted on November 28, 2011 by GCI Financial

The news for the Eurozone simply refuses to improve as Belgium was downgraded late on Friday and over the weekend, Italian newspaper La Stampa reported that the IMF is preparing a EUR600 bn loan for Italy in case the situation worsens. Early on Monday the IMF denied that any discussion was underway with Italy on any form of financing, and the numbers involved lack credibility as the IMF’s totally lending capabilities are far short of that sum. Continue reading →

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Crude Oil: Crude Oil declined amid strong US dollar and slide in US equities, trading higher in Asian session

Posted on November 28, 2011 by GCI Financial

Oil prices declined 0.32% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 96.48, as strong US dollar value and a decline in the US equities added pressure on crude oil prices. In the Asian … Continue reading →

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AUD/USD: Cementing gains this morning

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.22% against the USD, on Friday, to close at 0.9701. In the Asian session, at GMT0400, the pair is trading at 0.9835, with the AUD trading 1.38% higher from Friday’s close. … Continue reading →

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USD/CAD: Canadian Dollar declined amid poor Italian bond auctions, trading higher this morning

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD, on Friday, to close at 1.0490, as disappointing Italian bond auctions weighed on investor sentiment. The rise in Italian borrowing costs after a disappointing auction of Italian … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning, following Friday’s fall

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.21% against the CHF, on Friday, and closed at 0.9309, following rumors that the SNB may have intervened in the foreign exchange market. The Swiss National Bank (SNB) Vice President, Thomas … Continue reading →

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USD/JPY: Yen trading higher this morning, Japan’s unemployment and retail trade data awaited

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.73% against the JPY, on Friday, and closed at 77.72. Japanese Yen came under pressure, after Japan’s Finance Minister, Jun Azumi reiterated on Friday that the country would again take steps … Continue reading →

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GBP/USD: Trading above its MA’s

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD, on Friday, and closed at 1.5442. This morning, the British Chambers of Commerce (BCC) cuts the growth outlook for the UK economy and stated that the impacts … Continue reading →

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EUR/USD: Euro rises amid news that IMF was preparing an aid package for Italy

Posted on November 28, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.85% against the USD, on Friday, and closed at 1.3231, as a meeting of the leaders of the Euro-zone’s three biggest economies failed to offer a near-term solution to the worsening … Continue reading →

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Silver: Trading higher this morning

Posted on November 28, 2011 by GCI Financial

Silver prices declined 2.12% to USD 31.10 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.70, 1.92% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal trading higher after Friday’s loss

Posted on November 28, 2011 by GCI Financial

Gold prices traded lower by 0.80% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,681.77 per ounce, as investors flocked to the greenback, after a fresh set of European credit-rating downgrades. In the Asian session, … Continue reading →

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