Monthly Archives: May 2012

GBP/USD: Pound trading higher after house prices in the UK rose in May

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.25% against the USD and closed at 1.5828. Earlier, GBP had come under pressure, after Bank of England policymaker, Adam Posen, stated that he may have been premature in … Continue reading →

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EUR/USD: Euro cementing gains this morning after G-8 meeting

Posted on May 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.68% against the USD and closed at 1.2782, after an opinion poll in Greece on Friday, indicated that pro-bailout party, New Democracy was leading the polls ahead of fresh … Continue reading →

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Trading signals for Friday 18-05-2012

Posted on May 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 18-05-2012 11:00 GMT Continue reading →

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AUD/USD: Aussie fell on rising risk aversion

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.31% against the USD to close at 0.9890, as risk aversion increased among investors, after Moody’s Investors Service cut the credit ratings of 16 Spanish banks and Greece was downgraded by … Continue reading →

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USD/CAD: Loonie slips after weak US data, Canadian CPI awaited

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.69% against the CAD to close at 1.0191. The Canadian Dollar came under pressure after the release of unexpectedly weak economic data in the nation’s biggest trade partner, the US. In … Continue reading →

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USD/CHF: Swissy holds on to yesterday’s gains

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.22% against the CHF and closed at 0.9461. In the Asian session, at GMT0300, the pair is trading at 0.9467, with the USD trading 0.06% higher from yesterday’s close. The pair … Continue reading →

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USD/JPY: Pair trading below its MA’s

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 1.25% against the JPY and closed at 79.38, amid a stronger than expected Japanese industrial production data, coupled with the weaker- than-expected economic reports from the US. The Yen rose after … Continue reading →

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GBP/USD: GBP down amid fading risk appetite

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.80% against the USD and closed at 1.5788, as concerns that Europe’s debt crisis would worsen amid Greece’s political turmoil, dampened risk appetite. The UK Prime Minister, David Cameron in a … Continue reading →

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EUR/USD: Euro weighed down as Fitch downgrades Greece and amid rise in Spanish borrowing cost

Posted on May 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.2695, after Fitch downgraded Greece’s credit rating by one notch, while Moody’s lowered debt ratings of 16 Spanish banks. Rating agency, Fitch, downgraded Greece’s … Continue reading →

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Crude Oil: Oil down on demand concerns, trading higher this morning

Posted on May 18, 2012 by GCI Financial

Oil prices declined 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 92.66, on demand concerns amid rising Euro-zone crises fear and after the US jobless claims remain unchanged at 370,000 in the week ended May … Continue reading →

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Gold: Gold higher on bargain hunting

Posted on May 18, 2012 by GCI Financial

Gold prices traded higher by 2.21% against the USD in the 24 hour period ending 23:00GMT, at 1574.44 per ounce, amid bargain hunting following sharp decline in yellow metal prices in previous sessions. In the Asian session, at GMT0300, Gold … Continue reading →

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