Monthly Archives: November 2011

AUD/USD: Drifting lower this morning after a flat close yesterday

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 0.9836. In Australia, this morning, leading economic indicator increased 0.1% (M-o-M) in September, compared to 0.2% in the previous month. In the Asian session, … Continue reading →

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USD/CAD: Canadian dollar gets mild boost over strong Canadian retail sales data, trading lower in the Asian session

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.11% against the CAD to close at 1.0385, following strong Canadian retail sales data. Retail sales in Canada rose 1.0% (M-o-M) to C$38.2 billion in September. In the Asian session, at … Continue reading →

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USD/CHF: Swiss Franc rose amid strong Swiss trade balance data, trading lower this morning

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.37% against the CHF and closed at 0.9141, after a report showed that Switzerland’s trade surplus increased in October. Trade surplus in Switzerland widened to CHF 2.2 billion during the month. … Continue reading →

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USD/JPY: Trading above its MA’s

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened slightly against the JPY and closed at 76.95. In the Asian session, at GMT0400, the pair is trading at 77.02, with the USD trading 0.09% higher from yesterday’s close. The pair … Continue reading →

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GBP/USD: Pound continues to trade lower this morning, BoE minutes awaited

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5637, amid growth concerns and expectations of further monetary easing. A leading think-tank, Reform, has warned that UK would require a decade of austerity … Continue reading →

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EUR/USD: Euro advanced following IMF’s revamp of its credit-line program, trading lower this morning

Posted on November 23, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.22% against the USD and closed at 1.3514, after the International Monetary Fund revamped its credit-line program to improve liquidity and financing needs for its members, a move seen as a … Continue reading →

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Crude Oil: Crude Oil advanced over Middle East tensions

Posted on November 23, 2011 by GCI Financial

Oil prices advanced 0.51% against the USD for the 24 hour period ending 23:00GMT, closing at 97.64, as new sanctions against Iran and protests in Egypt raised concerns over supplies from the oil-rich region. Late Tuesday, the American Petroleum Institute … Continue reading →

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Silver: Trading above its MA’s

Posted on November 23, 2011 by GCI Financial

Silver prices rose 3.75% to USD 32.72 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.62, 0.31% lower from yesterday’s close. Silver is expected to find support at 31.51, and … Continue reading →

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Gold: Yellow metal adds to yesterday’s gains, after tepid US GDP added investor concern

Posted on November 23, 2011 by GCI Financial

Gold prices traded higher by 1.18% against the USD in the 24 hour period ending 23:00GMT, at 1,698.28 per ounce, as the greenback weakened, after the tepid GDP figure fuelled speculation that the Federal Reserve could introduce further stimulus measures … Continue reading →

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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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