Daily Archives: February 29, 2012

Trading signals for Wednesday 29-02-2012

Posted on February 29, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 29-02-2012 11:00 GMT Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of consumer price data in Switzerland

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CHF and closed at 0.8954. In Switzerland, the UBS Consumption indicator fell to 0.92 in January, from 0.94 in December. Meanwhile, the interim Chairman of Swiss National Bank, … Continue reading →

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Crude Oil: Crude oil trading higher after yesterday’s fall

Posted on February 29, 2012 by GCI Financial

Oil prices declined 1.55% against the USD for the 24 hour period ending 23:00GMT, closing at 106.33, as investors continued profit booking amid worries that recent price hike might curb demand for crude oil and after the US orders for … Continue reading →

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Silver: White metal continues to shine this morning on the back of a weaker dollar

Posted on February 29, 2012 by GCI Financial

Silver prices rose 4.30% to USD 36.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 36.97, 0.05% higher from yesterday’s close. Silver is expected to find support at 35.83, and … Continue reading →

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Gold: Gold continues its upward journey in the Asian session

Posted on February 29, 2012 by GCI Financial

Gold prices traded higher by 0.95% against the USD in the 24 hour period ending 23:00GMT, at 1784.91per ounce, as greenback weakened on expectation of liquidity injection by European Central Bank later today. In the Asian session, at GMT0400, Gold … Continue reading →

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AUD/USD: Aussie trading higher on strong retail sales data in Australia

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.16% against the USD to close at 1.0773, on broad dollar weakness. In the Asian session, at GMT0400, the pair is trading at 1.0805, with the AUD trading 0.30% higher from … Continue reading →

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USD/CAD: Canadian dollar extends its gains in the Asian session

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.32% against the CAD to close at 0.9951, ahead of the ECB’s release of long-term liquidity into region’s financial system through three-year loans to banks. In the Asian session, at GMT0400, … Continue reading →

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USD/JPY: Yen gaining strength after Japan’s industrial production beats market expectation

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 80.51. In the Asian session, at GMT0400, the pair is trading at 80.47, with the USD trading 0.05% lower from yesterday’s close. The Yen … Continue reading →

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GBP/USD: GBP higher on upbeat UK retail sales; UK consumer confidence remains at highest level since June

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.45% against the USD and closed at 1.5900. The Confederation of British Industry (CBI) in its Distributive Trades Survey reported that the retail sales balance in the UK climbed to -2.0 … Continue reading →

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EUR/USD: Euro cementing gains ahead of ECB lending operation

Posted on February 29, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.45% against the USD and closed at 1.3461, on optimism over the European Central Bank’s (ECB) allotment of three-year loans to banks later today. Additionally, EUR received support after Italy sold … Continue reading →

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