Daily Archives: July 4, 2012

Trading signals for Wednesday 04-07-2012

Posted on July 4, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 04-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil rose on Iran tension, trading lower this morning

Posted on July 4, 2012 by GCI Financial

Oil prices advanced 4.84% against the USD for the 24 hour period ending 23:00GMT, closing at 87.74, on rising Middle East concerns and amid speculation that global central banks would give greater consideration to stimulate the economy via easing measures. … Continue reading →

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Silver: Trading lower this morning after yesterday’s surge

Posted on July 4, 2012 by GCI Financial

Silver prices rose 7.36% to USD 28.25 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.12, 0.48% lower from yesterday’s close. Silver is expected to find support at 27.59, and … Continue reading →

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Gold: Yellow metal gives up gains in the Asian session

Posted on July 4, 2012 by GCI Financial

Gold prices traded higher by 1.45% against the USD in the 24 hour period ending 23:00GMT, at 1620.45 per ounce, as greenback weakened amid speculation of monetary easing by the Federal Reserve and other central banks to stimulate the global … Continue reading →

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AUD/USD: Aussie up as RBA kept its rate on hold

Posted on July 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0284, after Reserve Bank of Australia (RBA) kept its benchmark interest rate steady at 3.5%, in line with the market expectation. LME Copper prices … Continue reading →

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USD/CAD: Loonie rose on higher crude oil prices, trading lower this morning

Posted on July 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.43% against the CAD to close at 1.0124. The Canadian Dollar rose after oil prices climbed and following speculation that central banks in Europe and the US might add monetary stimulus. … Continue reading →

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USD/CHF: Pair trading above its MA’s

Posted on July 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9530. In the US, factory orders rose more-than-expected by 0.7% (MoM) in May, against the market expectation of a 0.1% rise. In the Asian … Continue reading →

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USD/JPY: Yen drifting lower in the Asian session

Posted on July 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.45% against the JPY and closed at 79.83. In economic news, factory orders in the US rose 0.7% (MoM) in May, surpassing market expectations for a 0.1% rise. In Japan, labor … Continue reading →

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GBP/USD: Sterling continues its downfall in the Asian session on hopes of more easing by BoE

Posted on July 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.5686, as weak construction activity in the UK raised speculation that Bank of England (BoE) would implement a fresh round of stimulus measures. In … Continue reading →

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EUR/USD: Euro trading lower ahead of EU PMI & retail sales data

Posted on July 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.21% against the USD and closed at 1.2604, as speculation over a fresh round of easing by global central banks weighed on the US Dollar ahead of monetary policy meetings later … Continue reading →

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