Daily Archives: February 3, 2012

Trading signals for Friday 03-02-2012

Posted on February 3, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 03-02-2012 11:00 GMT Continue reading →

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Interest in USDJPY is intensifying

Posted on February 3, 2012 by GCI Financial

Radio silence out of Europe has kept investors in wait-and-see mode for yet another overnight session. However, interest in USDJPY is intensifying given the pair is hovering above key levels and US payrolls is just hours away. As far as economic data goes, the yen shows greatest sensitivity to the US employment situation, and a weak report later would likely give the yen another push higher. Continue reading →

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USD/CHF: Swiss Franc continues its downward journey this morning

Posted on February 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.23% against the CHF and closed at 0.9168. Swiss Franc came under pressure, after the trade surplus in Switzerland narrowed to CHF2.07 billion in December, compared to a downwardly revised surplus … Continue reading →

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USD/JPY: Pair showing convergence with its MA’s

Posted on February 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.19. Bank of Japan Deputy Governor, Hirohide Yamaguchi has hinted that the Central Bank stands ready for additional easing measures in the event of … Continue reading →

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USD/CAD: Loonie trading steady ahead of Canadian unemployment report

Posted on February 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 0.9994, as Greece and its creditors struggle to reach an agreement on a debt swap, dampening demand for higher-yielding assets. Meanwhile, Dallas Federal Reserve … Continue reading →

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GBP/USD: British Pound cementing gains this morning

Posted on February 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.5805, after the construction Purchasing Managers’ Index (PMI) in the UK dropped to a reading of 51.4 in January, marking the lowest level in … Continue reading →

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AUD/USD: Weaker non-manufacturing PMI in China adds to Aussie’s losses

Posted on February 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0706. In the Asian session, at GMT0400, the pair is trading at 1.0688, with the AUD trading 0.17% lower from yesterday’s close. Data released … Continue reading →

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EUR/USD: Euro extends its losses in the Asian session on Greek debt concern

Posted on February 3, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.17% against the USD and closed at 1.3145, after Euro-zone head, Jean Claude Juncker stated that talks with private creditors on the Greek debt restructuring plan have proven to be … Continue reading →

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Crude Oil: Crude oil continues to decline, amid US demand concerns

Posted on February 3, 2012 by GCI Financial

Oil prices declined 0.64% against the USD for the 24 hour period ending 23:00GMT, closing at 96.72, amid slowing oil demand in the US. In the Asian session, at GMT0400, Crude Oil is trading at 96.46, 0.27% lower from yesterday’s … Continue reading →

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Silver: Trading lower this morning

Posted on February 3, 2012 by GCI Financial

Silver prices rose 1.24% to USD 34.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.16, 0.30% lower from yesterday’s close. Silver is expected to find support at 33.62, and … Continue reading →

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Gold: Gold surges on better-than-expected economic data.

Posted on February 3, 2012 by GCI Financial

Gold prices traded higher by 0.71% against the USD in the 24 hour period ending 23:00GMT, at 1757.35 per ounce, as Greek default concerns triggered safe haven buying in the precious metal. The yellow metal rose further, after Federal Reserve … Continue reading →

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