Monthly Archives: January 2012

USD/CHF: Swiss Franc trading higher, after losing ground yesterday

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD climbed 0.50% against the CHF and closed at 0.9541. In the US, according to the Federal Reserve’s Beige Book, economic activity expanded “at a modest to moderate pace” in the latter part … Continue reading →

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USD/JPY: Greenback gives up some gains in the Asian session

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD advanced 0.05% against the JPY and closed at 76.88. On the economic front, Japan’s leading index rose to 92.9 in November, from a reading of 92.0 in October. Meanwhile, the coincident index … Continue reading →

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GBP/USD: Pound continues its downward trend after UK trade deficit widened

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP retreated 1.01% against the USD and closed at 1.5321, after a report indicated an increase in the UK goods trade deficit. In the UK, on a seasonally adjusted basis, the goods trade … Continue reading →

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EUR/USD: Euro trading higher ahead of ECB rate decision

Posted on January 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.48% against the USD and closed at 1.2708, following a weak German GDP data. The Euro was further pressured after the head of sovereign ratings for Fitch Ratings indicated that the … Continue reading →

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Crude Oil: Crude oil fell amid rise in inventories, trading higher this morning

Posted on January 12, 2012 by GCI Financial

Oil prices declined 1.16% against the USD for the 24 hour period ending 23:00GMT, closing at 100.97, amid renewed concerns over the economic slowdown in European economies and following a surge in US oil stock piles. Yesterday, the Energy Information … Continue reading →

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Silver: White metal holds on to yesterday’s gains

Posted on January 12, 2012 by GCI Financial

Silver prices rose 0.19% to USD29.98 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.004, 0.09% higher from yesterday’s close. Silver is expected to find support at 29.63, and a … Continue reading →

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Gold: Gold rose buoyed by a jump in Chinese gold import, gains continue this morning

Posted on January 12, 2012 by GCI Financial

    Gold prices traded higher by 0.57% against the USD in the 24 hour period ending 23:00GMT, at 1,642.07 per ounce, amid rise in demand from China before the Lunar New Year this month. In the Asian session, at … Continue reading →

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Trading signals for Wednesday 11-01-2012

Posted on January 11, 2012 by GCI Financial

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

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Dovish Fed speaker due

Posted on January 11, 2012 by GCI Financial

The euro gave back most of yesterday’s gains during an otherwise quiet Asia session. EURUSD traded 1.2729-1.2793 and USDJPY 76.80-76.94. The recent barrage of Fed commentary continues. On Tuesday, officials sounded cautious on their overall views on the US economy, though there seemed to be diverging opinions on just how to proceed in the immediate future. Continue reading →

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EUR/USD: Euro trading lower on uncertainty over European ‎debt crisis

Posted on January 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR retreated marginally against the USD and closed at 1.2770. Fitch Ratings agency stated that there is a “significant chance” that Italy would have its credit rating downgraded at the end of … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on January 11, 2012 by GCI Financial

Silver prices rose 3.18% to USD29.92 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.98, 0.21% higher from yesterday’s close. Silver is expected to find support at 29.22, and a … Continue reading →

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