Daily Archives: December 5, 2011

Trading signals for Monday 05-12-2011

Posted on December 5, 2011 by GCI Financial

Forex, Commodities and Index signals for Monday 05-12-2011 11:00 GMT Continue reading →

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German Chancellor Angela Merkel pledged to work towards fiscal union

Posted on December 5, 2011 by GCI Financial

Expectations continued to build overnight for impending solutions for the Eurozone sovereign debt crisis. Several different papers have reported different plans, from enlarged ECB resources to even the Fed providing funding to the IMF. Eurozone leaders will start meeting today to set the groundwork for Friday’s crunch talks. Continue reading →

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AUD/USD: Converging with its MA’s

Posted on December 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD, on Friday, to close at 1.0212. In Australia, this morning, the AiG Performance of Services Index declined to 47.7 in November, compared to 48.8 in the previous … Continue reading →

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USD/CAD: Canadian Dollar declined on poor unemployment data, trading higher this morning

Posted on December 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.37% against the CAD, on Friday, to close at 1.0181. Canadian dollar declined against the US dollar, after reports showed that Canadian unemployment rate rose in November. The unemployment rate in … Continue reading →

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USD/CHF: Swiss Franc continues its downward journey

Posted on December 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.52% against the CHF, on Friday, and closed at 0.9205. In Switzerland, the annual real retail sales remained unchanged in October, following a 1.4% fall in September. In the Asian session, … Continue reading →

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Crude Oil: Crude rises as Iran tension stoke supply concern

Posted on December 5, 2011 by GCI Financial

Oil prices advanced 0.99% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 101.07, after a report showed a sharp decline in the US unemployment rate, raising optimism over the country’s economic recovery. Deepening tensions … Continue reading →

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USD/JPY: Yen fell amid intervention concerns, trading flat this morning

Posted on December 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.30% against the JPY, on Friday, and closed at 77.99. The Japanese Yen traded lower, amid concerns that the Japanese Government would intervene in the currency markets, to stem the rise … Continue reading →

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GBP/USD: Pound declined amid fall in the UK construction PMI, trading flat this morning

Posted on December 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.59% against the USD, on Friday, and closed at 1.5599, following reports showing a decline in the UK construction PMI. British Pound also came under pressure, after the Bank of England’s … Continue reading →

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Silver: Trading below its MA’s

Posted on December 5, 2011 by GCI Financial

Silver prices declined 0.81% to USD 32.57 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.73, 0.49% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Trading marginally higher this morning

Posted on December 5, 2011 by GCI Financial

Gold prices traded flat against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,745.43 per ounce. In the Asian session, at GMT0400, Gold is trading at 1746.05, 0.04% higher from Friday’s close. Gold is expected to … Continue reading →

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EUR/USD: Euro ticks-up this morning, amid optimism over Europe

Posted on December 5, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD, on Friday, and closed at 1.3401. German Chancellor, Angela Merkel, on Friday, stated that European nations are moving toward a “fiscal union” with more stringent budgetary oversight … Continue reading →

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