Monthly Archives: June 2012

USD/CHF: Swiss KOF lifts nation’s 2012 growth outlook

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.94% against the CHF and closed at 0.9555. The Swiss Franc advanced after a survey of KOF economic experts indicated that the Swiss economy is likely to grow 1.0% in 2012, … Continue reading →

Posted in USD/CHF | Leave a comment

Crude Oil: Oil rose after US crude supply drop, witnessing flat trading this morning

Posted on June 7, 2012 by GCI Financial

Oil prices advanced 1.54% against the USD for the 24 hour period ending 23:00GMT, closing at 85.50. The Energy Information Administration, in its weekly report, stated that crude oil inventories decreased by 100,000 barrels to 384.6 million barrels for the … Continue reading →

Posted in Crude Oil | Leave a comment

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

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.78% against the JPY and closed at 79.36. In the US, Federal Reserve in its Beige book economic survey stated that the US economy grew moderately in most regions of the … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Pound trading steady ahead of BoE interest rate decision

Posted on June 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.68% against the USD and closed at 1.5484. In the UK, construction purchasing manager index fell to 54.4 in May compared to a reading of 55.8 in April. In the … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro rose on ECB support promise, tad lower this morning

Posted on June 7, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.94% against the USD and closed at 1.2570, after European Central Bank (ECB) President, Mario Draghi stated the ECB stands ready to act if the economy slips lower. Yesterday, ECB kept … Continue reading →

Posted in EUR/USD | Leave a comment

Trading signals for Wednesday 06-06-2012

Posted on June 6, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 06-06-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Crude Oil: Oil higher amid demand prospects; US Crude stockpiles decline

Posted on June 6, 2012 by GCI Financial

Oil prices advanced 0.06% against the USD for the 24 hour period ending 23:00GMT, closing at 84.20, on speculation that demand for oil might rise after the Institute for Supply Management (ISM) showed that the US service sector grew faster-than-expected … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal continue to rise in the Asian session

Posted on June 6, 2012 by GCI Financial

Silver prices rose 0.83% to USD 28.52 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.82, 1.05% higher from yesterday’s close. Silver is expected to find support at 28.34, and … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal marches northwards

Posted on June 6, 2012 by GCI Financial

Gold prices traded higher by 0.03% against the USD in the 24 hour period ending 23:00GMT, at 1618.59 per ounce. In the Asian session, at GMT0300, Gold is trading at 1626.39, 0.48% higher from yesterday’s close. Gold is expected to … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Australian Dollar rises on firmer GDP growth data

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.26% against the USD to close at 0.9757. Yesterday, Reserve Bank of Australia (RBA) slashed its key interest rate by 0.25% to 3.50%, in line with the market expectation. In the … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Canadian Dollar rises on BoC outlook

Posted on June 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.12% against the CAD to close at 1.0380. The Canadian Dollar advanced after the Bank of Canada (BoC) kept its benchmark overnight rate target unchanged at 1.0%, and stated that it … Continue reading →

Posted in USD/CAD | Leave a comment