Monthly Archives: November 2011

Gold: Gold rose as greenback weakened, trading lower this morning

Posted on November 25, 2011 by GCI Financial

Gold prices traded higher by 0.28% against the USD in the 24 hour period ending 23:00GMT, at 1,695.28 per ounce, as a broadly weaker US dollar supported prices and as investors remained concerned that the debt crisis in the Euro-zone … Continue reading →

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Silver: Silver trading lower this morning

Posted on November 25, 2011 by GCI Financial

Silver prices rose 0.07% to USD 31.78 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.75, 0.09% lower from yesterday’s close. Silver is expected to find support at 31.49, and … Continue reading →

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Crude Oil: Crude oil advanced on Middle East violence, trading lower this morning

Posted on November 25, 2011 by GCI Financial

Oil prices advanced 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 96.79, as a broadly weaker US dollar and indications of strong US oil demand boosted prices. Crude prices found further support as investors stepped … Continue reading →

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AUD/USD: Aussie skids in the Asian session

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.9722. In the Asian session, at GMT0400, the pair is trading at 0.9687, with the AUD trading 0.36% lower from yesterday’s close, amid continuing … Continue reading →

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USD/CAD: Pair trading just above its MA’s

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD to close at 1.0471. In the Asian session, at GMT0400, the pair is trading at 1.0488, with the USD trading 0.17% higher from yesterday’s close. The pair … Continue reading →

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

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined slightly against the CHF and closed at 0.9198. Switzerland’s President, Micheline Calmy-Rey stated that the overvaluation of the Swiss Franc posed a serious threat to the economy and carried the risk … Continue reading →

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USD/JPY: Yen trading lower after witnessing gains yesterday

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 77.16. Rating agency, Standard and Poor’s stated that Japanese Prime Minister, Yoshihiko Noda’s administration had not made progress in tackling the public debt burden, … Continue reading →

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GBP/USD: Pound continues to lose steam in the Asian session

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.5490, following comments by the German Chancellor, Angela Merkel that joint euro bonds would send a “wrong signal,” spurring demand for safe-haven assets. GBP … Continue reading →

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EUR/USD: Euro trading lower on mounting sovereign debt woes

Posted on November 25, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3344, after a report showed that German business confidence improved unexpectedly in November, indicating that the Euro-zone’s largest economy is coping with the debt … Continue reading →

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Trading signals for Thursday 24-11-2011

Posted on November 24, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 24-11-2011 11:00 GMT Continue reading →

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Reaction to the German Bund auction

Posted on November 24, 2011 by GCI Financial

The euro has managed to avoid further falls overnight but the recriminations will likely continue after yesterday’s alarming bund auction for Germany. Renewed fears about Germany’s debt situation are undoubtedly justified, but fears over the safety of France’s AAA rating did not help either. Strikingly, 10y bund yields closed 16bp higher. Continue reading →

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