Daily Archives: July 16, 2012

Trading signals for Monday 16-07-2012

Posted on July 16, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 16-07-2012 11:00 GMT Continue reading →

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Crude Oil: Drifting lower this morning after Friday’s gain

Posted on July 16, 2012 by GCI Financial

On Friday, Oil prices advanced 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 87.06, following news that the Obama administration had expanded sanctions on Iran. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →

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Silver: Trading between its MA’s

Posted on July 16, 2012 by GCI Financial

On Friday, Silver prices rose 0.49% to USD 27.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.25, 0.05% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold gained on hopes for more easing, slips in the Asian session

Posted on July 16, 2012 by GCI Financial

On Friday Gold prices traded higher by 1.27% against the USD in the 24 hour period ending 23:00GMT, at 1588.75 per ounce, as the greenback weakened on speculation of monetary easing by the Federal Reserve following weak consumer confidence data … Continue reading →

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AUD/USD: Tad lower this morning

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.76% against the USD to close at 1.0221. Over the weekend, Chinese, Premier, Wen Jiabao, stated efforts to stabilize the economy are working and government is ready for more … Continue reading →

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USD/CAD: Witnessing flat trading in the Asian session

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.40% against the CAD to close at 1.0148. In the Asian session, at GMT0300, the pair is trading at 1.0148, with the USD trading flat from Friday’s close. The … Continue reading →

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USD/CHF: Pair trading steady ahead of Swiss industrial production data

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.26% against the CHF and closed at 0.9811. On the Swiss economic front, the producer and import price index fell 0.3% (MoM) in June, compared to a 0.2% drop … Continue reading →

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USD/JPY: Yen extends its gains in the Asian session

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.14% against the JPY and closed at 79.21. The Bank of Japan stated that the economic activity has started to pick up moderately amid firm domestic demand, with public … Continue reading →

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GBP/USD: GBP jumps after UK launches scheme to boost bank lending

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.94% against the USD and closed at 1.5576, as investor sentiment received a boost after the Bank of England announced a new £80 billion ‘funding for lending’ program, that … Continue reading →

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EUR/USD: Euro trading flat this morning, EU consumer prices awaited

Posted on July 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.27% against the USD and closed at 1.2241, as successful bond auction in Italy offset renewed concern over nation’s fiscal reforms after Moody’s downgraded country’s rating by two notches … Continue reading →

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