Daily Archives: November 30, 2011

Silver: Converging with its MA’s

Posted on November 30, 2011 by GCI Financial

Silver prices declined 0.42% to USD 31.93 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.82, 0.34% lower from yesterday’s close. Silver is expected to find support at 31.48, and … Continue reading →

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Crude Oil: Crude oil rose on mounting tensions in Iran, trading lower this morning

Posted on November 30, 2011 by GCI Financial

Oil prices advanced 1.85% against the USD for the 24 hour period ending 23:00GMT, closing at 99.59, following strong US consumer confidence data and amid reports the British embassy in Tehran was attacked. Crude prices also rose, after the reports … Continue reading →

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AUD/USD: Aussie advanced on Fitch upgrade, trading lower this morning

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 1.20% against the USD to close at 1.0033, after Fitch upgraded Australian foreign currency Issuer Default Rating (IDR) to ‘AAA’ from ‘AA+’ with a ‘Stable’ outlook. In the Asian session, at … Continue reading →

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Gold: Yellow metal continues to trade higher

Posted on November 30, 2011 by GCI Financial

Gold prices traded higher by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1,716.48 per ounce, as the greenback weakened. In the Asian session, at GMT0400, Gold is trading at 1722.32, 0.34% higher from yesterday’s close. … Continue reading →

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USD/CAD: Canadian dollar trading lower this morning, GDP data awaited in Canada

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CAD to close at 1.0313. Canadian dollar rose, after better-than-expected consumer confidence data in the US boosted investors’ risk appetite. In economic news, on a seasonally adjusted basis, … Continue reading →

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USD/CHF: Pair trading below its MA’s

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CHF and closed at 0.9205. The Swiss Franc rose against the greenback, after the Swiss UBS consumption indicator rose to 0.91 in October, following 0.84 in September. In … Continue reading →

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USD/JPY: Yen gives up some gains in the Asian session

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.14% against the JPY and closed at 77.95. In the Asian session, at GMT0400, the pair is trading at 77.94, with the USD trading flat from yesterday’s close. In Japan, this … Continue reading →

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GBP/USD: Pound drifting lower this morning after yesterday’s rise

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD and closed at 1.5604. The UK Chancellor of Exchequer, George Osborne announced that growth forecast for the UK economy in 2011 and 2012 has been revised lower … Continue reading →

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EUR/USD: Euro trading flat this morning, Investors eye German retail sales and EU unemployment data

Posted on November 30, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.08% against the USD and closed at 1.3327. However, gains in euro were limited after the European Central Bank (ECB) failed to fully offset its purchases of Euro-zone government bonds, highlighting … Continue reading →

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