Monthly Archives: January 2012

Silver: White metal gives up some gains in the Asian session

Posted on January 19, 2012 by GCI Financial

Silver prices rose 1.67% to USD 1661.54per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.53, 0.07% lower from yesterday’s close. Silver is expected to find support at 29.99, and a … Continue reading →

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Crude Oil: Crude oil advances on inventory drop

Posted on January 19, 2012 by GCI Financial

Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48. Late yesterday, the American Petroleum Institute (API) reported that crude-oil inventories, for the week ended January 13, retreated 4.8 million barrels. Meanwhile, gasoline … Continue reading →

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Gold: Gold extended its gain this morning

Posted on January 19, 2012 by GCI Financial

Gold prices traded higher by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1661.54per ounce, as the greenback weakened. In the Asian session, at GMT0400, Gold is trading at 1664.023, 0.15% higher from yesterday’s close. Gold … Continue reading →

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AUD/USD: Aussie trading lower on employment report

Posted on January 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.43% against the USD to close at 1.0420. In the Asian session, at GMT0400, the pair is trading at 1.0397, with the AUD trading 0.22% lower from yesterday’s close, after a … Continue reading →

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USD/CAD: Canadian dollar continues to cement gains this morning

Posted on January 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.43% against the CAD to close at 1.0113. In its latest monetary report, the Bank of Canada stated that the worsening global economic conditions would hold back the Canadian economy in … Continue reading →

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USD/CHF: Swiss Franc continues to trade higher this morning

Posted on January 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 1.03% against the CHF and closed at 0.9396. Swiss Franc advanced after Switzerland’s economic expectations logged its strongest rise since April 2011. Data released in Switzerland showed that the ZEW index … Continue reading →

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USD/JPY: Greenback trading lower as IMF move boosts risk appetite

Posted on January 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 76.79. In economic news, Japan’s industrial output retreated 2.7% (MoM) in November, from an initial estimate of a 2.6% decline recorded earlier. Meanwhile, the … Continue reading →

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GBPUSD: British Pound continues to rise, despite disappointing economic data

Posted on January 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.66 % against the USD and closed at 1.5431, as investors appetite for riskier currency rose, shrugging off the surge in the unemployment rate in the UK. The unemployment rate in … Continue reading →

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EUR/USD: Euro continues to march northwards, as IMF news boosted risk appetite

Posted on January 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.93% against the USD and closed at 1.2859, as risk appetite rose, after the news that the International Monetary Fund has proposed increasing its lending capacity and amid speculation that Greek … Continue reading →

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Trading signals for Wednesday 18-01-2012

Posted on January 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 18-01-2012 11:00 GMT Continue reading →

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No line in sand for Yen yet

Posted on January 18, 2012 by GCI Financial

Japan’s Finance Minister Azumi spoke but, unlike yesterday, did not mention EURJPY specifically. Intervention was still on his mind though. He said it would be hard for Japan to emulate the Swiss approach and defend a particular line in the sand, noting that the supply of yen in global markets is vast. This is the first time this idea has been so firmly rejected. He warned though that Japan stood ready to take firm steps against speculative FX moves. Continue reading →

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