Daily Archives: February 1, 2012

Trading signals for Wednesday 01-02-2012

Posted on February 1, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 01-02-2012 11:00 GMT Continue reading →

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A better-than-expected China PMI gives AUD a temporary boost

Posted on February 1, 2012 by GCI Financial

The price action overnight was largely driven by a better-than-expected China PMI which gave AUD a modest but temporary boost. The euro meanwhile remained under downward pressure as investors digested yesterday’s news reports suggesting Greece is resisting further austerity measures to bring debt down to sustainable levels, and that negotiations on this front are likely to make slow progress. Continue reading →

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Crude Oil: Crude oil fell on rising inventories, poor US economic data; trading higher this morning

Posted on February 1, 2012 by GCI Financial

Oil prices declined 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 98.45, amid demand concerns following the release of weak US home-price and consumer confidence data. Late Tuesday, the American Petroleum Institute reported that crude-oil … Continue reading →

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Gold: Gold loses steam this morning

Posted on February 1, 2012 by GCI Financial

Gold prices traded higher by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1739.82 per ounce, after risk appetite for precious metal rose, following the reports that after 25 countries in the Euro-zone has signed for … Continue reading →

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Silver: White metal extends decline against greenback in the Asian session

Posted on February 1, 2012 by GCI Financial

Silver prices declined 0.92% to USD 33.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.24, 0.09% lower from yesterday’s close. Silver is expected to find support at 32.76, and … Continue reading →

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EUR/USD: Euro down on Portugal concerns, disappointing US data

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.41% against the USD and closed at 1.3087. Earlier in the day, Euro rose after the Greece Prime Minister, Lucas Papademos, stated that he is “strongly committed” to reaching a debt-swap … Continue reading →

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USD/JPY: Yen strengthened on back of positive economic data from Japan

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 76.30. Yen advanced after the Small Business Confidence Index in Japan climbed to 45.7 in January, from 45.6 in December. Meanwhile, housing starts in … Continue reading →

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USD/CHF: Pair trading higher this morning, Swiss PMI and retail sales data awaited

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CHF and closed at 0.9199. On the economic front, Switzerland’s UBS consumption indicator advanced to a reading of 0.92 in December, compared to a reading of 0.78 in … Continue reading →

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USD/CAD: Canadian dollar slides after nation’s GDP declines unexpectedly in November

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.06% against the CAD to close at 1.0024. The Canadian dollar retreated after a report showed that the country’s economy unexpectedly contracted in the fourth quarter. Data released in Canada showed … Continue reading →

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AUD/USD: Aussie drifting lower this morning on weak Australian housing data

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD 1.0627 strengthened 0.33% against the USD to close at 1.0627. In the Asian session, at GMT0400, the pair is trading at 1.0616, with the AUD trading 0.11% lower from yesterday’s close, after … Continue reading →

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GBP/USD: Pound backpedals in the Asian session

Posted on February 1, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.5766. Data released in the UK showed that the mortgage approvals climbed to 52,939 in December, compared to total approvals of 52,628 recorded in … Continue reading →

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