Monthly Archives: December 2011

USD/CHF: Pair showing convergence with its MA’s

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CHF and closed at 0.9234. In Switzerland, the unemployment rate rose to 3.1% in November, compared to 2.9% recorded in October. Switzerland’s Finance Minister, Eveline Widmer-Schlumpf, stated that … Continue reading →

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USD/JPY: Trading flat this morning

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 77.65. In Japan, yesterday, the Leading Index remained stable at 91.5 in October, in line with market expectations. Meanwhile, the Coincident Index rose to … Continue reading →

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GBP/USD: Trading flat this morning ahead of BoE interest rate decision

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.67% against the USD and closed at 1.5707. In the UK, the National Institute of Economic and Social Research reported that the Gross domestic Product (GDP) estimate rose 0.3% for three … Continue reading →

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EUR/USD: Euro rose; German industrial output growth tops expectations, trading lower this morning

Posted on December 8, 2011 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.07% against the USD and closed at 1.3415, as German industrial production recovered at a faster-than-expected pace in October after easing for two straight months. In Germany, the industrial production rose … Continue reading →

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Crude Oil: Crude Oil fell over investors’ pessimism

Posted on December 8, 2011 by GCI Financial

Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 100.71, as investors’ turned pessimistic over the Euro-zone leaders’ summit ahead this week and a surprise rise in the crude oil inventories. The Energy … Continue reading →

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Silver: Trading marginally higher this morning

Posted on December 8, 2011 by GCI Financial

Silver prices declined 0.21% to USD 32.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.60, marginally higher from yesterday’s close, on heavy speculative buying amidst fresh industrial demand. Silver … Continue reading →

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Gold: Yellow metal advanced on better demand, trading lower this morning

Posted on December 8, 2011 by GCI Financial

Gold prices traded higher by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1,742.95 per ounce, on renewed investors demand as well as good off take in Asian countries, especially, China and India. In the Asian … Continue reading →

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Trading signals for Wednesday 07-12-2011

Posted on December 7, 2011 by GCI Financial

Forex, Commodities and Index signals for Wednesday 07-12-2011 11:00 GMT Continue reading →

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Crude Oil: Crude oil advanced amid reports of a possible Iran ban

Posted on December 7, 2011 by GCI Financial

Oil prices advanced 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 101.22, after European Union indicated that it may ban imports of Iranian crude. Also, a decline in the US stockpiles further added to the … Continue reading →

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Silver: Trading lower this morning

Posted on December 7, 2011 by GCI Financial

Silver prices rose 1.74% to USD 32.66 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.60, 0.17% lower from yesterday’s close. Silver is expected to find support at 31.87, and … Continue reading →

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Gold: Gold higher in the Asian session

Posted on December 7, 2011 by GCI Financial

Gold prices traded higher by 0.27% against the USD in the 24 hour period ending 23:00GMT, at 1,728.00 per ounce. In the Asian session, at GMT0400, Gold is trading at 1729.43, 0.08% higher from yesterday’s close. Gold is expected to … Continue reading →

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