Monthly Archives: April 2012

Silver: White metal plunges as demand for industrial metals dips

Posted on April 16, 2012 by GCI Financial

  Silver prices declined 2.76% to USD 31.47 per ounce, on Friday, during the 24 hours ending 23:00GMT, as market participants experienced a strong pullback in the demand for industrial metals amid weak global cues. In the Asian session, at … Continue reading →

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Gold: Continues to trade lower

Posted on April 16, 2012 by GCI Financial

  Gold prices traded lower by 1.19% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1656.09 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1651.05, 0.30% lower … Continue reading →

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AUD/USD: Australian Dollar dropped on Chinese GDP figures

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD, on Friday, to close at 1.0365, amid reports that indicated that China’s Gross Domestic Product (GDP) rose less-than-expected in the first quarter of 2012. The GDP … Continue reading →

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USD/CAD: Loonie declined in Friday’ session as less-than-expected Chinese economic growth data spurred demand for greenback

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.35% against the CAD, on Friday, to close at 0.9984, as investors rise appetite was dampened, amid renewed worries about global economic growth, after reports showed less-than-expected Chinese economic growth. … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD rose 0.91% against the CHF, on Friday, and closed at 0.9198. In the Asian session, at GMT0300, the pair is trading at 0.9230, with the USD trading 0.35% higher from Friday’s … Continue reading →

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USD/JPY: Yen traded lower, amid release of BoJ policy meeting minutes

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.14% against the JPY, on Friday, and closed at 81.02. Yen fell against greenback, amid speculation that the Bank of Japan (BoJ) would embark on additional monetary easing. According to … Continue reading →

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GBP/USD: Pound weakened as downbeat Chinese GDP dampened appeal for high-yielding assets

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.68% against the USD, on Friday, and closed at 1.5846, as weaker-than-expected Chinese GDP growth data, spurred demand for the safe-haven assets. Separately, Standard & Poor’s affirmed UK’s ‘AAA’ rating, … Continue reading →

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EUR/USD: Euro traded lower on Friday, on ECB bond purchase program speculation

Posted on April 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.79% against the USD, on Friday, and closed at 1.3077, amid speculation that the European Central Bank (ECB) would restart its government bond purchase program. Additionally, a downbeat Chinese GDP … Continue reading →

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Trading signals for Friday 13-04-2012

Posted on April 13, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 13-04-2012 11:00 GMT Continue reading →

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Crude Oil: Crude Oil soars on weaker dollar, Iran concerns

Posted on April 13, 2012 by GCI Financial

  Oil prices advanced 1.11% against the USD for the 24 hour period ending 23:00GMT, closing at 103.75, as greenback weakened after central bank officials in the US indicated they would use monetary policies to stimulate their economies. Meanwhile, oil … Continue reading →

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Silver: Silver trading between its MA’s

Posted on April 13, 2012 by GCI Financial

  Silver prices rose 2.29% to USD 32.36 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.26, 0.30% lower from yesterday’s close. Silver is expected to find support at 31.61, … Continue reading →

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