Monthly Archives: November 2011

USD/CAD: Canadian dollar advanced on optimism over Euro-zone debt crisis

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.74% against the CAD to close at 1.0347. Loonie rose on renewed investor’ hopes that European leaders would make progress on resolving the Euro-zone’s debt crisis In the Asian session, at … Continue reading →

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AUD/USD: Aussie continues to zoom higher in the Asian session

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 0.9913. In the Asian session, at GMT0400, the pair is trading at 0.9922, with the AUD trading 0.09% higher from yesterday’s close. LME Copper … Continue reading →

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USD/CHF: Greenback continues to trade lower in the Asian session

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.59% against the CHF and closed at 0.9227. Fitch ratings agency has affirmed its AAA credit rating for the US, but revised its outlook from ‘Stable’ to ‘Negative’, after the US … Continue reading →

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Crude Oil: Continue to trade lower

Posted on November 29, 2011 by GCI Financial

Oil prices declined 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 97.78. In the Asian session, at GMT0400, Crude Oil is trading at 97.65, 0.13% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

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USD/JPY: Japanese Yen continues to trade lower; Japan’s October retail sales rose 1.9% (YoY)

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.64% against the JPY and closed at 78.05. The Governor of the Bank of Japan warned that the outlook for the nation’s economy remained clouded by the ongoing debt crisis in … Continue reading →

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Silver: Trading lower this morning

Posted on November 29, 2011 by GCI Financial

Silver prices rose 0.87% to USD 32.06 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.94, 0.37% lower from yesterday’s close. Silver is expected to find support at 31.59, and … Continue reading →

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Gold: Yellow metal rose amid investors’ optimism over solution to Euro-zone debt crisis

Posted on November 29, 2011 by GCI Financial

Gold prices traded higher by 1.14% against the USD in the 24 hour period ending 23:00GMT, at 1,710.40 per ounce, as investors’ optimism grew after reports that European officials have made some progress in reining in sovereign-debt crisis and are … Continue reading →

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GBP/USD: Trading flat after yesterday’s rise

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5504. However, gains were limited after Bank of England Governor, Mervyn King stated that the Euro-zone crisis was likely to cause UK’s economy to … Continue reading →

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EUR/USD: Euro fell after warning from Moody’s, trading higher this morning

Posted on November 29, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3317. Euro came under pressure, after Moody’s Investors Service cautioned that the rapid acceleration of the Euro-zone sovereign and banking crisis threatens the credit … Continue reading →

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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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