Daily Archives: May 14, 2012

Trading signals for Monday 14-05-2012

Posted on May 14, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 14-05-2012 11:00 GMT Continue reading →

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Crude Oil: Oil down on demand concerns

Posted on May 14, 2012 by GCI Financial

On Friday, Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 95.78, amid demand concerns following weak industrial production data from China, its second biggest consumer. Meanwhile, Saudi Arabia’s oil minister, Ali al-Naimi … Continue reading →

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Silver: White metal continues its downward trend in the Asian session

Posted on May 14, 2012 by GCI Financial

On Friday, Silver prices declined 0.56% to USD 28.89 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.79, 0.34% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Trading marginally higher this morning after Friday’s fall

Posted on May 14, 2012 by GCI Financial

On Friday Gold prices traded lower by 0.90% against the USD in the 24 hour period ending 23:00GMT, at 1580.81 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1581.88, 0.07% higher from … Continue reading →

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AUD/USD: Aussie briefly breaks below parity

Posted on May 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.30% against the USD to close at 1.0026, after series of disappointing economic data from China, Australia’s biggest trading partner, dented investor sentiment. In China, industrial production rose 9.3% … Continue reading →

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USD/CAD: Loonie climbed amid positive Canadian employment data

Posted on May 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.24% against the CAD to close at 1.0007. The Loonie gained against the Dollar, after reports showed that the Canada’s economy added more-than-expected jobs in April. In Canada, employment rose by … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of producer price data in Switzerland

Posted on May 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.10% against the CHF and closed at 0.9298, after consumer sentiment in the US unexpectedly improved this month. Reuters and the University of Michigan reported that the consumer sentiment … Continue reading →

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USD/JPY: Yen continues to lose steam in the Asian session

Posted on May 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.06% against the JPY and closed at 79.91. Over the weekend, Prime Minister, Yoshihiko Noda stated that the European debt crisis is the biggest risk for the Japanese economy, … Continue reading →

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GBP/USD: Pound down on increased risk aversion

Posted on May 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.40% against the USD and closed at 1.6069, amid increased risk aversion, after political uncertainty in Greece heightened concern that the region’s debt crisis would worsen. In the UK, … Continue reading →

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EUR/USD: Euro weighed down on Greek political fears

Posted on May 14, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.09% against the USD and closed at 1.2919, amid ongoing concerns over political turmoil in Greece and a potential Greek exit from the Euro-zone. Further, Euro came under pressure … Continue reading →

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