Daily Archives: December 6, 2011

Trading signals for Tuesday 06-12-2011

Posted on December 6, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 06-12-2011 11:00 GMT Continue reading →

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Standard & Poor’s puts 15 Eurozone countries on credit-watch negative

Posted on December 6, 2011 by GCI Financial

After the market close on Monday, Standard & Poor’s took the surprise decision to put 15 Eurozone countries on credit-watch negative. Initially the fear was only the AAA countries would be put on watch but given the ‘systemic risks’ of the current crisis, the ratings agency chose to act on the entire currency union. Continue reading →

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AUD/USD: Aussie fell this morning after the RBA’s rate decision

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD rose slightly against the USD to close at 1.0258. In the Asian session, at GMT0400, the pair is trading at 1.0198, with the AUD trading 0.58% lower from yesterday’s close, after the … Continue reading →

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USD/CAD: Canadian dollar trading lower this morning ahead of BoC interest rate decision

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 1.0170, as Standard & Poor’s warning for Euro-zone countries credit downgrade diminished appeal for riskier currencies. In the Asian session, at GMT0400, the pair … Continue reading →

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USD/JPY: Pair continues its southward journey

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.25% against the JPY and closed at 77.85. In the Asian session, at GMT0400, the pair is trading at 77.80, with the USD trading 0.07% lower from yesterday’s close. The pair … Continue reading →

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USD/CHF: Trading above its MA’s, Investors await Swiss consumer price data

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9211. In the Asian session, at GMT0400, the pair is trading at 0.9221, with the USD trading 0.11% higher from yesterday’s close. The pair … Continue reading →

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GBP/USD: Pound advanced on upbeat UK PMI data, trading lower this morning on poor retail sales data

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5643, after reports showed a rise in services Purchasing Manager’ Index (PMI) in the UK. The services PMI in the UK rose to 52.1 … Continue reading →

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EUR/USD: Euro backpedals, after S&P warns of broad Euro-zone downgrade over debt crisis

Posted on December 6, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.3392, after Standard & Poor’s warned that it may downgrade the credit ratings of 15 Euro-zone nations’ if EU leaders fail to reach an … Continue reading →

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Crude Oil: Oil trading below $101 per barrel over S&P’s warning for a possible downgrade

Posted on December 6, 2011 by GCI Financial

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 100.60, after reports that Standard & Poor’s has warned six European nations about their triple-A ratings downgrade, raised concerns that the global fuel demand … Continue reading →

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Silver: Continues to trade lower this morning

Posted on December 6, 2011 by GCI Financial

Silver prices declined 2.25% to USD 32.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.03, 0.22% lower from yesterday’s close. Silver is expected to find support at 31.59, and … Continue reading →

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Gold: Yellow metal continues to lose its shine

Posted on December 6, 2011 by GCI Financial

Gold prices traded lower by 1.69% against the USD in the 24 hour period ending 23:00GMT, at 1,723.43 per ounce, as European leaders worked to resolve the region’s sovereign-debt crisis, reducing demand for the precious metal. The precious metal extended … Continue reading →

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