Daily Archives: December 1, 2011

Trading signals for Thursday 01-12-2011

Posted on December 1, 2011 by GCI Financial

Forex, Commodities and Index signals for Thursday 01-12-2011 11:00 GMT Continue reading →

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Key markets are up

Posted on December 1, 2011 by GCI Financial

Asian indices mirrored the rally late in Europe and the US on Wednesday. Key markets are up, with Hong Kong gaining over 5.5% as the combination of central bank liquidity injection and China easing spurred a risk recovery. The news helped offset a very poor manufacturing PMI in China. Brazil, another key emerging market, joined the party by announcing an interest rate cut of 50bp to 11%. Continue reading →

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AUD/USD: Aussie trading lower on disappointing economic data in Australia

Posted on December 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 2.34% against the USD to close at 1.0267. In the Asian session, at GMT0400, the pair is trading at 1.0222, with the AUD trading 0.44% lower from yesterday’s close, after Australian … Continue reading →

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USD/CAD: Trading flat this morning

Posted on December 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.22% against the CAD to close at 1.0187. Canadian dollar rose sharply against the greenback, boosted by Canadian Gross Domestic Product (GDP) data and coordinated action by Central Banks including the … Continue reading →

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Crude Oil: Crude Oil continues to rise, following Central Banks’ coordinated action to stem Euro-zone debt crisis

Posted on December 1, 2011 by GCI Financial

Oil prices advanced 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 100.51, after the Federal Reserve along with five other central banks made additional funds available to ease worries from European debt crisis, renewed hopes … Continue reading →

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Silver: Trading lower this morning

Posted on December 1, 2011 by GCI Financial

Silver prices rose 2.79% to USD 32.82 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.68, 0.41% lower from yesterday’s close. Silver is expected to find support at 31.59, and … Continue reading →

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USD/CHF: Greenback trading flat this morning after yesterday’s fall

Posted on December 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.71% against the CHF and closed at 0.9139. In Switzerland, the KOF Leading indicator fell to 0.35 in November, compared to 0.75 in the previous month. In the Asian session, at … Continue reading →

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Gold: Trading lower this morning, after rising yesterday on joint action from Central Banks’ to boost liquidity in financial system

Posted on December 1, 2011 by GCI Financial

Gold prices traded higher by 1.86% against the USD in the 24 hour period ending 23:00GMT, at 1,748.38 per ounce, as the US dollar weakened after six major central banks announced a coordinated move to make additional liquidity available to … Continue reading →

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USD/JPY: Trading between its MA’s

Posted on December 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.45% against the JPY and closed at 77.60. In Japan, yesterday, the housing starts fell 5.8% (YoY) in October, following a 10.8% decline in the previous month. Additionally, construction orders rose … Continue reading →

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GBP/USD: Greenback fell sharply yesterday, after coordinated Central Bank’s action, trading flat this morning

Posted on December 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.59% against the USD and closed at 1.5696. The greenback came under heavy pressure, as investors cheered a coordinated central bank action to provide liquidity to the financial sector. Investors risk … Continue reading →

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EUR/USD: Euro rises after Central Banks’ announce joint liquidity measures

Posted on December 1, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.84% against the USD and closed at 1.3439, after the coordinated central bank action to make more funds available to lenders to help contain the Europe’s debt crisis. The U.S. Federal … Continue reading →

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