Daily Archives: February 23, 2012

Trading signals for Thursday 23-02-2012

Posted on February 23, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 23-02-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

BoJ explains about its decision

Posted on February 23, 2012 by GCI Financial

The Asian session was relatively quiet as markets consolidated further. BoJ Governor Shirakawa said that the latest easing measures were supposed to boost sentiment temporarily and a rise in prices won’t change policy. He also suggested that the BoJ will leave policy easy until the 1% inflation target is reached and that this view is backed by the 9-member board. Continue reading →

Posted in Market Snapshot | Leave a comment

Crude Oil: Oil down as more-than-expected rise in the US stockpiles overweighed supply concerns

Posted on February 23, 2012 by GCI Financial

Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 105.91. Earlier yesterday, oil rose on supply concerns, after the International Atomic Energy Agency (IAEA) stated that talks held between its inspectors and Iranian … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Tad higher in the Asian session

Posted on February 23, 2012 by GCI Financial

Silver prices declined 0.31% to USD 34.26per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.27, 0.01% higher from yesterday’s close. Silver is expected to find support at 33.96, and a … Continue reading →

Posted in Silver | Leave a comment

Gold: Gold gives up yesterday’s gains

Posted on February 23, 2012 by GCI Financial

Gold prices traded higher 0.92% against the USD in the 24 hour period ending 23:00GMT, at 1776.08per ounce. A leading broker has issued a bullish note for the precious metal and sees a “value opportunity” in gold. In the Asian … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Political uncertainty weighed on Australian Dollar, trading higher this morning

Posted on February 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0629, after Australian Prime Minister, Julia Gillard called a leadership ballot following the resignation of Foreign Minister Kevin Rudd. In the Asian session, at … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian dollar fell on risk aversion, marginally higher this morning

Posted on February 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.24% against the CAD to close at 0.9997, as less-than-expected improvement in manufacturing activity in Europe and China and uncertainty over Greece’s ability to execute strict austerity measures weighed on demand … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Swiss Franc adding to yesterday’s gains

Posted on February 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CHF and closed at 0.9103. In the Asian session, at GMT0400, the pair is trading at 0.9093, with the USD trading 0.11% lower from yesterday’s close. The pair … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Yen continues to decline against greenback

Posted on February 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.72% against the JPY and closed at 80.32. In Japan, supermarket sales declined 1.2% (YoY) in January, following a 0.6% fall in December. In the Asian session, at GMT0400, the pair … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound slips after BoE minutes show 2 votes for greater stimulus

Posted on February 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.71% against the USD and closed at 1.5666, after minutes from the Bank of England’s Monetary Policy Committee revealed that members Adam Posen and David Miles pushed for a £75 billion … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro trading higher in the Asian session

Posted on February 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3248. Gains were limited as concerns over the outlook for the European economy weighed on investor sentiment following weak manufacturing activity data from the … Continue reading →

Posted in EUR/USD | Leave a comment