Monthly Archives: February 2012

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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Trading signals for Wednesday 15-02-2012

Posted on February 15, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 15-02-2012 11:00 GMT Continue reading →

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China will continue investing in the Eurozone

Posted on February 15, 2012 by GCI Financial

China’s central bank governor Zhou said China would continue to invest in Eurozone sovereign bonds and would play a bigger role in solving Europe’s crisis via both the IMF and the EFSF. As usual, the comments were short on specifics, but they helped the euro recover from yesterday’s selloff, and carried AUD and NZD higher too. Zhou also expressed his wish that the euro will become a bigger and more important reserve currency. Continue reading →

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Crude Oil: Oil extends its gains in the Asian session

Posted on February 15, 2012 by GCI Financial

Oil prices advanced 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at100.94, amid supply concerns in the Middle East sparked by tensions over Iran and disruptions in Southern Sudan. Late Tuesday, American Petroleum Institute reported that … Continue reading →

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Silver: Trading higher after yesterday’s fall

Posted on February 15, 2012 by GCI Financial

Silver prices declined 0.10% to USD 33.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.67, 0.23% higher from yesterday’s close. Silver is expected to find support at 33.34, and … Continue reading →

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Gold: Yellow metal holds on to yesterday’s gains

Posted on February 15, 2012 by GCI Financial

Gold prices traded 0.05% higher against the USD in the 24 hour period ending 23:00GMT, at 1721.58 per ounce, as bargain hunters returned to buy precious metal after recent downfall. In the Asian session, at GMT0400, Gold is trading at … Continue reading →

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