Daily Archives: February 16, 2012

Trading signals for Thursday 16-02-2012

Posted on February 16, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 16-02-2012 11:00 GMT Continue reading →

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EUR under pressure

Posted on February 16, 2012 by GCI Financial

The euro extended its weakness during the Asia session amid concern over the failure of Eurozone authorities to secure an aid package for Greece before bond redemptions are due. In comments made after the Eurogroup conference call, Jean Claude Juncker merely said ‘decisions’ would be made at next week’s full meeting but it appears doubts remain over Greece’s ability to deliver. Continue reading →

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USD/CHF: Swiss Franc continues to lose steam this morning

Posted on February 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.46% against the CHF and closed at 0.9241. In Switzerland, the Center for European Economic Research (ZEW) and Credit Suisse revealed that the Economic Expectations Index climbed sharply to -21.2 in … Continue reading →

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USD/CAD: Loonie declines to parity on risk aversion

Posted on February 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.13% against the CAD to close at 1.0004, as risk appetite dampened on speculation that the bailout package for Greece might be delayed until it holds elections this year. In the … Continue reading →

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USD/JPY: Yen trading higher, Awaits BoJ monetary policy meeting minutes

Posted on February 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.04% against the JPY and closed at 78.40. Data released in Japan showed that the machine tool orders fell 6.9% (YoY) in January, compared to a 6.6% decline in December. In … Continue reading →

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AUD/USD: Aussie trading marginally higher this morning as unemployment rate in Australia retreated

Posted on February 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0690. In the Asian session, at GMT0400, the pair is trading at 1.0695, with the AUD trading 0.04% higher from yesterday’s close, after the … Continue reading →

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GBP/USD: GBP drifting lower in the Asian session

Posted on February 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5690. GBP came under pressure after claimant count in the UK climbed by 6,900 to 1.60 million in January. The unemployment rate remained unchanged … Continue reading →

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Crude Oil: Oil rose on supply threat, decline in US crude inventories; trading lower this morning

Posted on February 16, 2012 by GCI Financial

Oil prices advanced 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 101.88, after Iran’s Press TV reported that Iran has stopped oil exports to six European states in retaliation for the European Union sanctions imposed … Continue reading →

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EUR/USD: Euro down amid delay in Greece bailout

Posted on February 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.56% against the USD and closed at 1.3056, as reports that Euro-zone officials were considering to delay the next Greek bailout package until after the April elections, dented investor sentiment. The … Continue reading →

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Silver: White metal continues its downfall in the Asian session

Posted on February 16, 2012 by GCI Financial

Silver prices declined 0.45% to USD 33.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.34, 0.29% lower from yesterday’s close. Silver is expected to find support at 32.98, and … Continue reading →

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Gold: Gold pulls back versus greenback this morning

Posted on February 16, 2012 by GCI Financial

Gold prices traded higher 0.35% against the USD in the 24 hour period ending 23:00GMT, at 1727.56 per ounce, after Chinese Central Bank Governor, Zhou Xiaochuan, stated that the Euro-zone’s challenges can be solved and that China would invest in … Continue reading →

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