Daily Archives: January 31, 2012

Trading signals for Tuesday 31-01-2012

Posted on January 31, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 31-01-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Risk appetite was boosted overnight

Posted on January 31, 2012 by GCI Financial

Risk appetite was boosted overnight by an article in the Financial Times claiming that the ECB’s next 3y LTRO (due on Feb 29) could see demand for up to EUR1 trn in cash, double the previous amount. If so, it would go a long way towards alleviating term funding concerns for Eurozone banks as their bonds fall due throughout the year. Continue reading →

Posted in Market Snapshot | Leave a comment

AUD/USD: Aussie trading higher this morning after positive Australian economic data

Posted on January 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.48% against the USD to close at 1.0592. In the Asian session, at GMT0400, the pair is trading at 1.0636, with the AUD trading 0.42% higher from yesterday’s close. In Australia, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Pair trading below its MA’s

Posted on January 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 1.0018. In the Asian session, at GMT0400, the pair is trading at 1.0005, with the USD trading 0.13% lower from yesterday’s close. The pair … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc gaining strength this morning ahead of Swiss UBS consumption indicator

Posted on January 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.46% against the CHF and closed at 0.9175. In the Asian session, at GMT0400, the pair is trading at 0.9139, with the USD trading 0.39% lower from yesterday’s close. The pair … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen continues its gains this morning amid positive economic data from Japan

Posted on January 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.51% against the JPY and closed at 76.37. In the Asian session, at GMT0400, the pair is trading at 76.24, with the USD trading 0.17% lower from yesterday’s close. In Japan, … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound trading above its MA’s

Posted on January 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5705, after the latest survey by Hometrack revealed that house prices in the UK remained unchanged for January. The agency further cautioned that “downward … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Greece concerns continues to weigh risk sentiment, Euro trading lower this morning

Posted on January 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.3140, amid Greece debt concerns. In the European summit, yesterday, Greek officials rejected the proposal by Germany to give the European Union veto power … Continue reading →

Posted in EUR/USD | Leave a comment

Gold: Trading higher this morning

Posted on January 31, 2012 by GCI Financial

Gold prices traded lower by 0.18% against the USD in the 24 hour period ending 23:00GMT, at 1732.80 per ounce, as the greenback strengthened. In the Asian session, at GMT0400, Gold is trading at 1735.70, 0.17% higher from yesterday’s close. … Continue reading →

Posted in Gold | Leave a comment

Silver: Silver recouping yesterday’s losses

Posted on January 31, 2012 by GCI Financial

Silver prices declined 0.89% to USD 33.58 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.61, 0.10% higher from yesterday’s close. Silver is expected to find support at 33.20, and … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Crude Oil fell on demand concerns, trading higher this morning

Posted on January 31, 2012 by GCI Financial

Oil prices declined 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 98.96, as lingering European debt concerns raised speculation that global fuel demand may falter. OPEC’s Secretary General Abdalla El-Badri stated that the EU’s embargo … Continue reading →

Posted in Crude Oil | Leave a comment