Daily Archives: July 19, 2012

Trading signals for Thursday 19-07-2012

Posted on July 19, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 19-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil prices continues its rally on EIA report

Posted on July 19, 2012 by GCI Financial

Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 89.90. Yesterday, the Energy Information Administration (EIA) showed that the US crude oil inventories fell 809,000 barrels for the week ended July 13. Gasoline … Continue reading →

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Silver: Trading higher this morning

Posted on July 19, 2012 by GCI Financial

Silver prices declined 0.50% to USD 27.16 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.30, 0.53% higher from yesterday’s close. Silver is expected to find support at 27.03, and … Continue reading →

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Gold: Bargain hunters back into the action, gold rises in Asian session

Posted on July 19, 2012 by GCI Financial

Gold prices traded lower by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1573.38 per ounce, as upbeat housing data in the US and a wait-and-see attitude from Federal Reserve Chairman, Ben Bernanke weighed on gold … Continue reading →

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AUD/USD: Aussie continues its rally in the Asian session

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.52% against the USD to close at 1.0361. LME Copper prices declined 1.0% or $75.0/MT to $7595.5/ MT. Aluminium prices declined 1.1% or $20.0/MT to $1868.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: BoC downgrades economic forecast

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 1.0101. Yesterday, the Bank of Canada (BoC) in its Monthly Policy Report (MPR) revised its Canadian economic growth forecast to 2.1% this year and … Continue reading →

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USD/CHF: Swiss Franc trading higher ahead of Swiss trade balance data

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.9783. In Switzerland, the ZEW economic sentiment rose to a reading of -42.5 in July, compared to a reading of -43.4 in June. In … Continue reading →

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USD/JPY: Greenback slips on demand for Yen

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.48% against the JPY and closed at 78.77, after investors, weary of interpreting Ben Bernanke’s reserved testimony before Congress, opted for the Yen. Federal Reserve (Fed) Chairman, Ben Bernanke concluded two … Continue reading →

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GBP/USD: BoE member voted 7-2 to raise asset purchase target

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5649. Yesterday, minutes of Bank of England (BoE) from policy meeting of July 4-5 revealed that the BoE Governor, Mervyn King, and six other … Continue reading →

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EUR/USD: Angela Merkel not sure “European project” would work

Posted on July 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.08% against the USD and closed at 1.2278, amid worries over Europe’s fiscal woes and comments from German Chancellor, Angela Merkel casting doubt on whether the “European Project” had a solid … Continue reading →

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