Monthly Archives: December 2011

USD/CHF: Swiss Franc trading steady in Asian session

Posted on December 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.79% against the CHF and closed at 0.9452, after Swiss government cut its economic growth for next year. The Swiss State Secretariat for Economic Affairs lowered the nation’s Gross Domestic Product … Continue reading →

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USD/JPY: Yen trading flat in the Asian session

Posted on December 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 77.97. In the Asian session, at GMT0400, the pair is trading at 77.96, with the USD trading flat from yesterday’s close. The pair is … Continue reading →

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GBP/USD: Pound continues its southward journey, UK employment data awaited

Posted on December 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.5489. In the UK, the Consumer Price Index (CPI) rose 4.8% (YoY) in November, compared to 5.0% in the previous month. The retail price … Continue reading →

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EUR/USD: Euro continues to trade lower

Posted on December 14, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.04% against the USD and closed at 1.3039, after reports that German Chancellor, Angela Merkel rejected raising the upper limit of funding for Europe’s permanent bailout mechanism. Angela Merkel told coalition … Continue reading →

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Crude Oil: Crude Oil advanced amid supply concerns, trading lower this morning

Posted on December 14, 2011 by GCI Financial

Oil prices advanced 2.33% against the USD for the 24 hour period ending 23:00GMT, closing at 100.10, amid concerns over supply disruption following reports that Iran could hold military drills next to a key oil-shipping channel. Late Tuesday, the American … Continue reading →

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Silver: Trading higher this morning

Posted on December 14, 2011 by GCI Financial

Silver prices declined 1.83% to USD 30.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.96, 0.72% higher from yesterday’s close. Silver is expected to find support at 30.25, and … Continue reading →

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Gold: Gold fell on dollar rally, trading higher this morning

Posted on December 14, 2011 by GCI Financial

Gold prices traded lower by 2.24% against the USD in the 24 hour period ending 23:00GMT, at 1,628.78 per ounce, as the dollar surged after the US Federal Reserve meeting offered no new stimulus. In the Asian session, at GMT0400, … Continue reading →

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Trading signals for Tuesday 13-12-2011

Posted on December 13, 2011 by GCI Financial

Forex, Commodities and Index signals for Tuesday 13-12-2011 11:00 GMT Continue reading →

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EURUSD continues its post-summit slide

Posted on December 13, 2011 by GCI Financial

EURUSD continued its post-summit slide as the market has reverted to the conclusion that not enough has been done. Although some stability measures for financial markets have been welcome, the summit agreements themselves raise plenty of new questions, to which the market is not convinced that the answers would be favourable, such as the ratification process and the relevant democratic mandates by individual EU governments. Continue reading →

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AUD/USD: Aussie edged higher in the Asian session

Posted on December 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.42% against the USD to close at 1.0063. In the Asian session, at GMT0400, the pair is trading at 1.0091, with the AUD trading 0.28% higher from yesterday’s close. In Australia, … Continue reading →

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USD/CAD: Canadian dollar fell on increased risk aversion, trading higher this morning

Posted on December 13, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.80% against the CAD to close at 1.0272. Canadian dollar declined against the greenback, amid increased risk aversion among investors following concerns over the measures announced in the EU summit. In … Continue reading →

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