Daily Archives: February 8, 2012

Trading signals for Wednesday 08-02-2012

Posted on February 8, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 08-02-2012 11:00 GMT Continue reading →

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EUR trading firm as markets are more optimistic about Greece

Posted on February 8, 2012 by GCI Financial

The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going to be achieved remain outstanding. Continue reading →

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Crude Oil: Oil advanced after unexpected drop in crude oil stockpiles

Posted on February 8, 2012 by GCI Financial

Oil prices advanced 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 98.75, on the back of concerns surrounding Iran and Nigeria and drop in crude oil inventories. Late Tuesday, American Petroleum Institute reported crude inventories … Continue reading →

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Silver: Tad lower in the Asian session

Posted on February 8, 2012 by GCI Financial

Silver prices rose 1.37% to USD 34.13per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.12, marginally lower from yesterday’s close. Silver is expected to find support at 33.41, and a … Continue reading →

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Gold: Yellow metal rallied on speculation of further monetary easing

Posted on February 8, 2012 by GCI Financial

Gold prices traded higher by 1.38% against the USD in the 24 hour period ending 23:00GMT, at 1744.69 per ounce, as dollar weakened following hopes that Greek authorities are close to an agreement with its international creditors for a bailout … Continue reading →

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USD/CHF: Pair trading higher ahead of Swiss unemployment data

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.83% against the CHF and closed at 0.9116. On the economic front, Switzerland’s foreign exchange reserves declined to CHF227.21 billion in January, from CHF254.25 billion recorded in December. The interim Central … Continue reading →

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AUD/USD: Aussie cools this morning after rallying yesterday on RBA decision

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 1.0806, as the Reserve Bank of Australia surprised markets at its latest monetary policy meeting and left interest rates unchanged at 4.25%. In the … Continue reading →

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USD/CAD: Loonie firms on hopes of progress in Greece, trading lower this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9948. Positive sentiment stemming from hopes that Greek political leaders would come to an agreement on the bailout terms and avoid a default, has … Continue reading →

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USD/JPY: Yen marches southwards this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 76.79. In Japan, Leading Index climbed to 94.3 in December, while the Coincident Index edged up to 93.2 in December. Data released this morning … Continue reading →

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GBP/USD: Cable erases yesterday’s gain, trading lower this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.5901. The US dollar came under pressure after Federal Reserve Chairman, Ben S. Bernanke, reiterated that the job market in the US is still … Continue reading →

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EUR/USD: Euro advanced on Greek debt optimism, trading lower this morning

Posted on February 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD and closed at 1.3259, on expectations that Greek political leaders would come to an agreement on the bailout terms and avoid a sovereign debt default. Moreover, President … Continue reading →

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