Daily Archives: July 18, 2012

Trading signals for Wednesday 18-07-2012

Posted on July 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 18-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil rose on API report, trading lower this morning

Posted on July 18, 2012 by GCI Financial

Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 88.96, amid drop in the US crude oil inventories. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil inventories declined … Continue reading →

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Silver: White metal trading below its MA’s

Posted on July 18, 2012 by GCI Financial

Silver prices declined 0.08% to USD 27.30 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.25, 0.16% lower from yesterday’s close. Silver is expected to find support at 26.85, and … Continue reading →

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Gold: Gold continues its downward journey

Posted on July 18, 2012 by GCI Financial

Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1583.53 per ounce. In the Asian session, at GMT0300, Gold is trading at 1582.07, 0.09% lower from yesterday’s close. Gold is expected to … Continue reading →

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AUD/USD: Aussie gives up yesterday’s gain this morning

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.63% against the USD to close at 1.0307. LME Copper prices rose 0.5% or $35.0/MT to $ 7670.5/ MT. Aluminium prices rose 1.4% or $26.8/MT to $ 1888.3/ MT. In the … Continue reading →

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USD/CAD: Bank of Canada leaves rates unchanged

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25 % against the CAD to close at 1.0126. The Canadian Dollar received support against the US Dollar after Bank of Canada policy makers signaled interest-rate increases remain possible even as … Continue reading →

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USD/CHF: Tad lower in the Asian session

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.14% against the CHF and closed at 0.9775. In the Asian session, at GMT0300, the pair is trading at 0.9771, with the USD trading marginally lower from yesterday’s close. The pair … Continue reading →

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USD/JPY: Japanese economy showing signs of life, indicates BoJ minutes

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.42% against the JPY and closed at 79.15. In testimony to the US Senate, Federal Reserve Chairman, Ben Bernanke refrained from indicating whether the Fed would embark on a third round … Continue reading →

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GBP/USD: Sterling trading steady ahead of BoE minutes & unemployment report in the UK

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.5651. In the UK, the consumer price index fell 0.4% (MoM) in June, compared to a 0.1% decline expected by markets, while DCLG house … Continue reading →

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EUR/USD: Euro trading slighty higher in the Asian session

Posted on July 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.2288. In its testimony to Congress, the Federal Reserve Chairman, Ben Bernanke, offered no new hints at a need for monetary stimulus. In a … Continue reading →

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