Monthly Archives: May 2012

USD/CAD: Canadian Dollar falls towards parity on Greek concern

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9993, as risk appetite faded, amid political uncertainty in Europe. Concerns that Greece would not be unable to form a government resulted in increased … Continue reading →

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USD/CHF: Swiss Franc lower on broad dollar strength

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.45% against the CHF and closed at 0.9244. The International Monetary Fund (IMF) has stated that the Swiss National Bank’s decision to cap the strong currency is appropriate due to slow … Continue reading →

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USD/JPY: Yen trading flat ahead of trade balance data in Japan

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD flat against the JPY and closed at 79.87. In the US, the IBD and TIPP reported that the Economic Optimism Index declined to a reading of 48.5 in May, compared to a … Continue reading →

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GBP/USD: Pound slips further on weak BRC retail sales data

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.6149. In the Asian session, at GMT0300, the pair is trading at 1.6133, with the GBP trading 0.1% lower from yesterday’s close, after retail … Continue reading →

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EUR/USD: Euro down amid political uncertainty in Euro-zone

Posted on May 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.2993, as Greece’s politicians struggle to form a new government, raising concern that the nation might leave the Euro bloc. On the economic front, … Continue reading →

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Trading signals for Tuesday 08-05-2012

Posted on May 8, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 08-05-2012 11:00 GMT Continue reading →

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Crude Oil: Crude oil trading lower ahead of oil inventory reports

Posted on May 8, 2012 by GCI Financial

Oil prices advanced 1.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.06. In the Asian session, at GMT0300, Crude Oil is trading at 97.79, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

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Silver: White metal trading lower after yesterday’s flat close

Posted on May 8, 2012 by GCI Financial

Silver prices traded flat at USD 30.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.03, 0.25% lower from yesterday’s close. Silver is expected to find support at 29.68, and … Continue reading →

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Gold: Gold continues to lose shine this morning

Posted on May 8, 2012 by GCI Financial

Gold prices traded lower by 0.08% against the USD in the 24 hour period ending 23:00GMT, at 1638.60 per ounce. In the Asian session, at GMT0300, Gold is trading at 1637.33, 0.08% lower from yesterday’s close. Gold is expected to … Continue reading →

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USD/JPY: Yen extended its losses against the US Dollar this morning

Posted on May 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.08% against the JPY and closed at 79.88. The minutes of the Bank of Japan’s policy meeting held on April 9 and 10 indicated that policymakers were of the view that … Continue reading →

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GBP/USD: Pound trading lower; UK house price deteriorates in April

Posted on May 8, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6193. Yesterday, the Centre for Economics and Business Research (CEBR) cautioned that unemployment in most parts of the UK is likely to rise over … Continue reading →

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