Daily Archives: May 31, 2012

Trading signals for Thursday 31-05-2012

Posted on May 31, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 31-05-2012 11:00 GMT Continue reading →

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Crude Oil: Crude Oil trading below $88 per barrel

Posted on May 31, 2012 by GCI Financial

Oil prices declined 3.48% against the USD for the 24 hour period ending 23:00GMT, closing at 87.63, amid demand concern following escalating Euro-zone debt crises. Late yesterday, American Petroleum Institute (API) in its weekly report, stated that the US crude … Continue reading →

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Silver: White metal is trading lower in the Asian session

Posted on May 31, 2012 by GCI Financial

Silver prices rose 0.45% to USD 27.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.85, 0.35% lower from yesterday’s close. Silver is expected to find support at 27.44, and … Continue reading →

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Gold: Gold declines in the Asian session after yesterday’s rise

Posted on May 31, 2012 by GCI Financial

Gold prices traded higher by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1563.55 per ounce, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1562.53, 0.07% lower from yesterday’s close. Gold … Continue reading →

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AUD/USD: Marginal gains for the AUD this morning

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 1.31% against the USD to close at 0.9705, as mounting concerns about the economic situation in Euro-zone dampened the demand for high-yielding assets. LME Copper prices declined 1.9% or $142.8/MT to … Continue reading →

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USD/CAD: Loonie fell on risk aversion & as crude oil slips

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.70% against the CAD to close at 1.0302, as risk aversion increased among investors following fiscal woes in Italy and Spain. Additionally, falling crude oil prices also weighed on the Canadian … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of GDP report in Switzerland

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.91% against the CHF and closed at 0.9713. In Switzerland, the KOF leading indicator climbed to a reading of 0.81 in May, from a revised reading of 0.43 in April. Market … Continue reading →

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USD/JPY: Yen continues to march northwards in morning session

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.51% against the JPY and closed at 79.09, after the release of weak housing data in the US. The National Association of Realtors (NAR) reported that its pending home sales index … Continue reading →

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GBP/USD: Slight improvement in UK consumer confidence boosts Pound this morning‎

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 1.02% against the USD and closed at 1.5473, amid rising speculation over additional easing from Bank of England and as concerns surrounding Spanish banking sector propelled traders to move towards safe … Continue reading →

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EUR/USD: Euro slide as Euro-zone turmoil persists

Posted on May 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.91% against the USD and closed at 1.2367, as rising bond yields for Italy and Spain and the latest poll results in Greece, added to fears that the Euro-zone’s debt crisis … Continue reading →

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