Daily Archives: January 24, 2012

Trading signals for Tuesday 24-01-2012

Posted on January 24, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 24-01-2012 11:00 GMT Continue reading →

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The euro settled above 1.30

Posted on January 24, 2012 by GCI Financial

The euro settled above 1.30 during the US session as investors remain hopeful of a settlement on the Greek PSI. However, reports remain conflicting – a finance ministry source noted that there will be a final offer on the bond swap by February 13th, and the Eurogroup said that current talks on the debt deal were ‘constructive’, but other sources warned that there is currently no intention by either the Eurozone or the IMF to give more money to Greece. Continue reading →

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Silver: Drifting lower this morning after yesterday’s surge

Posted on January 24, 2012 by GCI Financial

Silver prices rose 1.16% to USD 32.36 per ounce during the 24 hours ending 23:00GMT, as a weaker dollar boosted demand for industrial metal. In the Asian session, at GMT0400, Silver is trading at 32.25, 0.34% lower from yesterday’s close. … Continue reading →

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Crude Oil: Crude oil advanced on EU’s Iran embargo; Inventory reports awaited

Posted on January 24, 2012 by GCI Financial

Oil prices advanced 1.88% against the USD for the 24 hour period ending 23:00GMT, closing at 99.91, amid supply concerns after European Union officials stated that diplomats agreed to place an embargo on Iran oil in a phased manner starting … Continue reading →

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Gold: Gold shines as weak greenback spurs precious metal demand, trading lower this morning

Posted on January 24, 2012 by GCI Financial

Gold prices traded higher by 0.71% against the USD in the 24 hour period ending 23:00GMT, at 1676.39 per ounce, as the dollar weakened. Additionally, the European Union barred trade in gold and other precious metals with Iranian public bodies, … Continue reading →

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AUD/USD: Aussie rose on higher risk appetite, trading lower in the Asian session

Posted on January 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.49% against the USD to close at 1.0524. In the Asian session, at GMT0400, the pair is trading at 1.0486, with the AUD trading 0.36% lower from yesterday’s close. LME Copper … Continue reading →

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USD/CAD: Rising oil prices and a weaker dollar kept Canadian dollar higher, trading lower this morning

Posted on January 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.68% against the CAD to close at 1.0083. The Canadian dollar advanced amid higher oil prices and a weaker dollar. Additionally, Canada’s leading economic indicators climbed 0.8% in December, more than … Continue reading →

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USD/CHF: Swiss Franc gained on broad dollar weakness, trading lower this morning

Posted on January 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.03% against the CHF and closed at 0.9277. The Swiss National Bank reported that Swiss M3 money supply climbed 7.7% (YoY) in December, compared to a 7.3% rise in the previous … Continue reading →

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USD/JPY: Yen trading lower this morning after BoJ cuts economic growth forecasts, keeps key rates unchanged

Posted on January 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.05% against the JPY and closed at 76.99. This morning, the Bank of Japan (BoJ) has retained its benchmark interest rate in the range of zero to 0.1%, as widely expected. … Continue reading →

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GBP/USD: British Pound losing steam in the Asian session

Posted on January 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.5566. The Bank of England (BoE) policy maker, Adam Posen, has stated that the central bank would increase its bond-purchase target next month if … Continue reading →

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EUR/USD: Euro rose after successful bond auction in Germany & France, trading lower this morning after Greek setback

Posted on January 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.97% against the USD and closed at 1.3015, amid optimism over a possible deal between Greece and its creditors. Further, Euro rose after Germany raised €2.54 billion through the issue of … Continue reading →

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