Daily Archives: July 3, 2012

Trading signals for Tuesday 03-07-2012

Posted on July 3, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 03-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil fell on demand prospects, trading higher this morning ahead of the US oil inventory data

Posted on July 3, 2012 by GCI Financial

Oil prices declined 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 83.69, amid demand concern following weak manufacturing data from China, Europe, and the US. Investors await the oil inventory reports later today and tomorrow … Continue reading →

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Silver: Silver trading above its MA’s

Posted on July 3, 2012 by GCI Financial

Silver prices rose 4.63% to USD 27.53 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.67, 0.49% higher from yesterday’s close. Silver is expected to find support at 27.37, and … Continue reading →

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Gold: Yellow metal continues to shine in the Asian session

Posted on July 3, 2012 by GCI Financial

Gold prices traded higher by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1597.23 per ounce, as hopes of more easing from central banks after a string of bleak global macroeconomic data from China, Europe and … Continue reading →

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AUD/USD: Aussie trading higher ahead of RBA interest rate decision

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.01% against the USD to close at 1.0243. LME Copper prices rose 0.6% or $43.0/MT to $7647.3/ MT. Aluminium prices rose 1.8% or $32.5/MT to $1866.8/ MT. In the Asian session, … Continue reading →

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USD/CAD: US Dollar extended its losses against the Canadian Dollar in the Asian session

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD to close at 1.0168, as release of weak US economic data raised speculation that the Federal Reserve may introduce another round of bond purchases to boost faltering … Continue reading →

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USD/CHF: Swiss Franc trading higher after yesterday’s fall

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.61% against the CHF and closed at 0.9549. In economic news, Swiss retail sales surged 6.2% in May, following a 0.2% rise in April. Additionally, SVME-manufacturing PMI in Switzerland rose to … Continue reading →

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USD/JPY: Yen losing ground this morning versus the Greenback

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.51% against the JPY and closed at 79.47. Yesterday, the Bank of Japan (BoJ) Deputy Governor, Hirohide Yamaguchi stated that sharp rises in the Yen due to Europe’s debt woes could … Continue reading →

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GBP/USD: Pound trading higher ahead of UK construction PMI

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.03% against the USD and closed at 1.5690. In the UK, the manufacturing purchasing managers’ index rose to a reading of 48.6 in June, following a reading of 45.9 in May. … Continue reading →

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EUR/USD: Euro lower on weak Euro-zone economic data, trading higher this morning

Posted on July 3, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.2578, amid dismal economic data from the Euro-zone and after Finland & the Netherland reiterated their opposition to using Euro-zone bailout funds to purchase … Continue reading →

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