Daily Archives: July 24, 2012

Trading signals for Tuesday 24-07-2012

Posted on July 24, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 24-07-2012 11:00 GMT Continue reading →

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Crude Oil: Crude oil fell on Spain bailout concerns, trading higher this morning

Posted on July 24, 2012 by GCI Financial

Oil prices declined 3.92% against the USD for the 24 hour period ending 23:00GMT, closing at 87.95, amid speculation that demand for oil might fall following concerns over Euro-zone debt crisis and slowing Chinese economy. Investors await the oil inventory … Continue reading →

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Silver: Silver down in the Asian session

Posted on July 24, 2012 by GCI Financial

Silver prices declined 0.96% to USD 27.05 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.02, 0.09% lower from yesterday’s close. Silver is expected to find support at 26.74, and … Continue reading →

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Gold: Yellow metal fell on stronger greenback

Posted on July 24, 2012 by GCI Financial

Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1576.53 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1576.15, marginally lower from yesterday’s close. … Continue reading →

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AUD/USD: Aussie continues to trade lower

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.81% against the USD to close at 1.0263. In China, Song Guoqing, a member of the People’s Bank of China monetary policy committee stated during the weekend that China’s economic expansion … Continue reading →

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USD/CAD: Loonie trading flat ahead of Canadian retail sales data

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.45% against the CAD to close at 1.0185. In the US, Federal Reserve Bank of Chicago stated that its monthly National Activity Index rose to a reading of -0.15 in June, … Continue reading →

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USD/CHF: Swissy higher this morning

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9912. In Switzerland, the M3 money supply grew 7.4% (YoY) in June, following 6.3% growth in May. In the Asian session, at GMT0300, the … Continue reading →

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USD/JPY: Yen trading steady ahead of Japan trade balance data

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 78.29. Yesterday, the Japanese government, in its monthly report published by the Cabinet Office, vowed to work “decisively” with the Bank of Japan to … Continue reading →

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EUR/USD: Euro fell on Spanish contagion concerns, trading higher this morning

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2117, amid concerns that Spain would have to seek a full sovereign bailout. The Euro slid two-year low against the dollar, as Murcia became … Continue reading →

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GBP/USD: British Pound tad higher in the Asian session

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.5513, as risk aversion increased among the investors. In the Asian session, at GMT0300, the pair is trading at 1.5520, with the GBP trading … Continue reading →

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