Monthly Archives: February 2012

Crude Oil: Oil trading tad lower ahead of US oil inventory report

Posted on February 28, 2012 by GCI Financial

Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 108.00. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In the Asian session, at GMT0400, Crude … Continue reading →

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Silver: Marginally higher this morning, after yesterday’s fall

Posted on February 28, 2012 by GCI Financial

Silver prices declined 0.15% to USD 35.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 35.43, marginally higher from yesterday’s close. Silver is expected to find support at 35.12, and … Continue reading →

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Gold: Yellow metal fell on strong greenback, trading lower this morning

Posted on February 28, 2012 by GCI Financial

Gold prices traded lower by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1768.20per ounce, softened by easing physical demand from Asia, specifically, India and China. The yellow metal was also pressured as concerns over the … Continue reading →

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AUD/USD: Aussie continues to zoom higher this morning

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.48% against the USD to close at 1.0756. In the Asian session, at GMT0400, the pair is trading at 1.0772, with the AUD trading 0.16% higher from yesterday’s close. LME Copper … Continue reading →

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USD/CAD: Canadian dollar trading higher in the Asian session

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9983. The Canadian dollar rose, buoyed by the release of positive US economic data, raising hopes of stronger growth by Canada’s largest trading partner. … Continue reading →

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USD/CHF: Pair showing convergence with its MA’s

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.52% against the CHF and closed at 0.8994. In the US, the Federal Reserve Bank of Dallas in its Texas manufacturing outlook survey reported that its General Business Activity Index climbed … Continue reading →

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USD/JPY: Yen up as retail sales unexpectedly rise in Japan

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.25% against the JPY and closed at 80.51. In the Asian session, at GMT0400, the pair is trading at 80.20, with the USD trading 0.38% lower from yesterday’s close. Yen is … Continue reading →

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GBP/USD: Recouping yesterday’s losses this morning

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5829. Chancellor of the Exchequer, George Osborne, stated that he would not borrow money to fund tax cuts or increase spending in the 2012 … Continue reading →

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EUR/USD: Euro fell as S&P lowers Greek ratings, trading higher this morning

Posted on February 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.3400, after Standard & Poor’s lowered Greece long-term ratings to “selective default”. Further depressing the sentiment, the Moody’s Investors Service stated that Greek default … Continue reading →

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Trading signals for Monday 27-02-2012

Posted on February 27, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 27-02-2012 11:00 GMT Continue reading →

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Crude Oil: Crude oil trading above $109 per barrel

Posted on February 27, 2012 by GCI Financial

On Friday, Oil prices advanced 1.12% against the USD for the 24 hour period ending 23:00GMT, closing at 109.76, amid mounting tensions over possible supply disruption following report that Tehran has rapidly expanded its nuclear enrichment production over the last … Continue reading →

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