Daily Archives: January 17, 2012

Trading signals for Tuesday 17-01-2012

Posted on January 17, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 17-01-2012 Continue reading →

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The euro recovers some lost ground

Posted on January 17, 2012 by GCI Financial

The euro experienced a double-dose of upside during the Asia session. First, Japan’s Finance Minister Azumi raised the possibility of intervention in EURJPY, but said he has not yet made a decision on the matter. We see the immediate intervention risk as remote, but investors were in no mood to take chances. China’s Q4 GDP growth then came in stronger than expected, boosting the euro and taking AUDUSD briefly through 1.04. EURUSD traded 1.2649-1.2737, USDJPY 76.67-76.88. Continue reading →

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AUD/USD: Aussie moves north after China’s economic growth exceeds estimates

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.31% against the USD to close at 1.0314. In the Asian session, at GMT0400, the pair is trading at 1.0388, with the AUD trading 0.72% higher from yesterday’s close, after China’s … Continue reading →

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USD/CAD: Loonie up amid rising crude oil prices, little reaction to S&P downgrades

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.66% against the CAD to close at 1.0185, as rising oil prices supported the Canadian Dollar. The Statistics Canada indicated that the number of new motor vehicles sold in Canada declined … Continue reading →

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USD/CHF: Trading lower this morning

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.13% against the CHF and closed at 0.9563. In Switzerland, the Producer and Import Price Index fell 2.3% (YoY) in December. In the Asian session, at GMT0400, the pair is trading … Continue reading →

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USD/JPY: Japanese Yen up on economic data

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 76.82, following a rise in Japanese machinery orders. In Japan, on a seasonally adjusted basis, the Consumer Confidence Index edged up to of 38.9 … Continue reading →

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GBP/USD: Trading higher despite EFSF downgrade

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.16% against the USD and closed at 1.5318. In response to the downgrade of nine of the 17 Euro-zone economies by Standard & Poor’s, the UK Chancellor of the Exchequer George … Continue reading →

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EUR/USD: Euro firmer on France bond auction

Posted on January 17, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.2660, following successful bond auction in France. Ratings agency, Standard and Poor’s downgraded the EU bailout fund The European Financial Stability Facility (EFSF) by … Continue reading →

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Crude Oil: Oil prices gain after Iran warning, trading above $100 per barrel

Posted on January 17, 2012 by GCI Financial

Oil prices advanced 0.87% against the USD for the 24 hour period ending 23:00GMT, closing at 99.65, amid supply concerns, as tension between Iran and Saudi Arabia grew, after the former warned its Gulf Arab neighbours not to make up … Continue reading →

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Silver: Silver recovers on renewed buying

Posted on January 17, 2012 by GCI Financial

Silver prices fell 0.05% to USD29.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.22, 1.15% higher from yesterday’s close, on renewed demand from industrial users across Asia. Silver is … Continue reading →

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Gold: Yellow metal shines on encouraging Chinese data

Posted on January 17, 2012 by GCI Financial

Gold prices traded higher by 0.31% against the USD in the 24 hour period ending 23:00GMT, at 1642.93 per ounce. In the Asian session, at GMT0400, Gold is trading at 1657.68, 0.90% higher from yesterday’s close, encouraged by revived risk … Continue reading →

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