Daily Archives: July 6, 2012

Trading signals for Friday 06-07-2012

Posted on July 6, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 06-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil down on demand concerns

Posted on July 6, 2012 by GCI Financial

Oil prices declined 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 86.74, as latest stimulus by central banks in Europe and China failed to reduce investor concerns over future oil demand, although supply worries stemming … Continue reading →

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Silver: White metal continues its downfall this morning

Posted on July 6, 2012 by GCI Financial

Silver prices declined 1.42% to USD 27.77 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.72, 0.18% lower from yesterday’s close. Silver is expected to find support at 27.37, and … Continue reading →

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Gold: Gold trading below its short term SMA’s

Posted on July 6, 2012 by GCI Financial

Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1614.90 per ounce. In the Asian session, at GMT0300, Gold is trading at 1605.82, 0.56% lower from yesterday’s close. Gold is expected to find … Continue reading →

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AUD/USD: Aussie gives up yesterday’s gains in the Asian session

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.06% against the USD to close at 1.0277. In China, the People’s Bank of China surprisingly cut its main lending rate to 6.00% and reduced its deposit rate to 3.00%, stating … Continue reading →

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USD/CAD: Loonie trading lower; a series of Canadian economic data awaited today

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CAD to close at 1.0147. In the Asian session, at GMT0300, the pair is trading at 1.0153, with the USD trading 0.06% higher from yesterday’s close. The pair … Continue reading →

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USD/CHF: Swiss Franc lower ahead of CPI data in Switzerland

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.11% against the CHF and closed at 0.9697. In the US, applications for initial jobless benefits fell more-than-expected to 374,000 for the week ended June 30. Economist had expected jobless claims … Continue reading →

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USD/JPY: Witnessing flat trading in the Asian session

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 79.91. The Institute for Supply Management (ISM) reported that its Non-Manufacturing Index in the US fell to a reading of 52.1 in June, its … Continue reading →

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GBP/USD: BoE injects £50 billion to boost UK economy; trading steady this morning

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.46% against the USD and closed at 1.5519. The Bank of England (BoE), in its Monetary Policy meeting, voted to raise asset purchase target to £375 billion by injecting £50 billion … Continue reading →

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EUR/USD: Euro down after ECB cuts rates

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.2388, after the European Central Bank (ECB) President, Mario Draghi, cautioned that downside risks to Euro-region growth are materializing. Yesterday, ECB also cut its … Continue reading →

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