Daily Archives: May 11, 2012

Trading signals for Friday 11-05-2012

Posted on May 11, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 11-05-2012 11:00 GMT Continue reading →

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Crude Oil: Oil falls on OPEC supply rise

Posted on May 11, 2012 by GCI Financial

Oil prices rose marginally against the USD for the 24 hour period ending 23:00GMT, closing at 96.43. However, oil pared some of its gains, after Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that oil supplies … Continue reading →

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Silver: Silver continues to lose steam in the Asian session

Posted on May 11, 2012 by GCI Financial

Silver prices declined 0.70% to USD 29.06 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.88, 0.61% lower from yesterday’s close. Silver is expected to find support at 28.65, and … Continue reading →

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Gold: Gold rose on bargain hunting; trading lower this morning

Posted on May 11, 2012 by GCI Financial

Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1595.10 per ounce, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1587.66, 0.47% lower from yesterday’s close. Gold … Continue reading →

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USD/CAD: Loonie trading lower ahead of Canadian unemployment report

Posted on May 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 1.0031. Canadian Dollar fell, as risk sentiment continued to fade amid speculation that Europe’s debt crisis would worsen as Greece struggled to form a … Continue reading →

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AUD/USD: Aussie cementing gains this morning

Posted on May 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0056. In the Asian session, at GMT0300, the pair is trading at 1.0068, with the AUD trading 0.12% higher from yesterday’s close. This morning, … Continue reading →

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USD/CHF: USD holds on to yesterday’s gains against Swiss Franc

Posted on May 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.04% against the CHF and closed at 0.9289. In the Asian session, at GMT0300, the pair is trading at 0.9292, with the USD trading 0.03% higher from yesterday’s close. The pair … Continue reading →

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USD/JPY: Yen trading flat in the Asian session

Posted on May 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.24% against the JPY and closed at 79.86. In economic news, current conditions index dropped to a reading of 50.9, from 51.8 in March. However, the outlook index rose to a … Continue reading →

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GBP/USD: GBP trading lower after UK consumer confidence tumbles in April

Posted on May 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6133. Yesterday, Bank of England (BoE) policymaker left the asset purchase target unchanged at £325 billion in line with market expectations and kept the … Continue reading →

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EUR/USD: Greek concern continues to weigh on Euro; German inflation data awaited

Posted on May 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2932, after the European Central Bank in its monthly report, indicated that the Euro-zone economy would shrink 0.2% in 2012. Additionally, it trimmed the … Continue reading →

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