Monthly Archives: January 2012

USD/CAD: Canadian dollar continues to add to yesterday’s gains

Posted on January 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD to close at 1.0158. The Bank of Canada maintained its key interest rate unchanged at 1.0%. The central bank noted that “the outlook for the global economy … Continue reading →

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AUD/USD: Aussie gains on positive data from China, Australia

Posted on January 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.59% against the USD to close at 1.0375, bolstered by better-than-expected GDP data in China. In Australia, the Westpac-Melbourne Institute consumer confidence index rose 2.4% (MoM) in January to 97.1 from … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of ZEW Survey data

Posted on January 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.72% against the CHF and closed at 0.9494. In the Asian session, at GMT0400, the pair is trading at 0.9464, with the USD trading 0.32% lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen higher this morning after trading flat yesterday

Posted on January 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally higher against the JPY and closed at 76.83. In the US, the Federal Reserve Bank of New York reported that its General Business Conditions Index advanced to 13.5 in January, … Continue reading →

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GBP/USD: British Pound extended its gain this morning

Posted on January 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose marginally higher against the USD and closed at 1.5331. The pound rose against the broadly weaker US dollar, as market sentiment was buoyed by stronger than expected Euro-zone and Chinese economic … Continue reading →

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EUR/USD: Euro rises on falling yields, positive economic data

Posted on January 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.2740, as investor risk appetite improved on the back of positive economic data by Germany. In the Euro-zone, the consumer price inflation fell to … Continue reading →

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Crude Oil: Crude oil holds above $100 mark on Iran supply concerns, positive economic data

Posted on January 18, 2012 by GCI Financial

Oil prices advanced 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 101.13, buoyed by positive US and Chinese economic data and as Saudi Arabia indicated that it is likely to keep prices high at around … Continue reading →

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Silver: White metal rises on positive sentiment

Posted on January 18, 2012 by GCI Financial

Silver prices rose 0.57% to USD30.05 per ounce during the 24 hours ending 23:00GMT, as strong global economic data lifted investor sentiment. In the Asian session, at GMT0400, Silver is trading at 30.13, 0.26% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Gold continues to trade higher in the Asian session

Posted on January 18, 2012 by GCI Financial

Gold prices traded higher by 0.54% against the USD in the 24 hour period ending 23:00GMT, at 1651.74 per ounce, as the dollar weakened. In the Asian session, at GMT0400, Gold is trading at 1653.22, 0.09% higher from yesterday’s close. … Continue reading →

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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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