Daily Archives: July 12, 2012

Trading signals for Thursday 12-07-2012

Posted on July 12, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 12-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil rises above $85 per barrel as US crude supplies drop

Posted on July 12, 2012 by GCI Financial

Oil prices advanced 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 86.07, after a report showed that US crude supplies fell for a second week, suggesting demand may be improving. The Energy Information Administration (EIA) … Continue reading →

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Silver: Trading below its MA’s

Posted on July 12, 2012 by GCI Financial

Silver prices rose 1.08% to USD 27.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 26.99, 0.69% lower from yesterday’s close. Silver is expected to find support at 26.80, and … Continue reading →

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Gold: Trading lower

Posted on July 12, 2012 by GCI Financial

Gold prices traded higher by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1577.99 per ounce. In the Asian session, at GMT0300, Gold is trading at 1572.43, 0.35% lower from yesterday’s close, after Federal Reserve Minutes … Continue reading →

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AUD/USD: Aussie trading lower on disappointing employment data

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0244. LME Copper prices rose 0.4% or $30.3/MT to $7525.3/ MT. Aluminium prices rose 0.9% or $17.3/MT to $1872.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: Widening Canadian trade deficit weighed on Loonie, trading higher this morning

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CAD to close at 1.0194. The Loonie came under pressure after Canadian international merchandise trade deficit widened more-than-expected to $0.79 billion in May compared to a deficit of … Continue reading →

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USD/CHF: Trading above its MA’s

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9808, after the US Federal Reserve released the minutes of its latest monetary policy meeting that showed no new inclination to stimulate the US … Continue reading →

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USD/JPY: Yen trading higher ahead of BoJ interest rate decision

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 79.64. In the US, trade deficit narrowed to $48.7 billion in May, from $50.6 billion in April. Separately, MBA mortgage applications decreased 2.1% for … Continue reading →

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GBP/USD: Tad higher this morning

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.5507. In the Asian session, at GMT0300, the pair is trading at 1.5510, with the GBP trading marginally higher from yesterday’s close. The pair … Continue reading →

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EUR/USD: Greenback strengthened as Fed Minutes shows no sign of further easing

Posted on July 12, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2245. The greenback rose after Federal Reserve in its minutes of its latest monetary policy meeting gave no hint to stimulate the US economy, … Continue reading →

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