Daily Archives: July 25, 2012

Trading signals for Wednesday 25-07-2012

Posted on July 25, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 25-07-2012 11:00 GMT Continue reading →

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Crude Oil: Turmoil in Syria pushed oil prices higher

Posted on July 25, 2012 by GCI Financial

Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 88.03, amid supply worries triggered by turmoil in Syria. Late yesterday, the American Petroleum Institute (API) reported that the crude inventories rose 1.3 million … Continue reading →

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Silver: Trading above its MA’s

Posted on July 25, 2012 by GCI Financial

Silver prices declined 0.32% to USD 26.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 26.99, 0.09% higher from yesterday’s close. Silver is expected to find support at 26.69, and … Continue reading →

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Gold: Gold holds on to yesterday’s gains

Posted on July 25, 2012 by GCI Financial

Gold prices traded higher by 0.31% against the USD in the 24 hour period ending 23:00GMT, at 1581.43 per ounce, as weak economic data from the US raised hopes for more monetary stimulus. In the Asian session, at GMT0300, Gold … Continue reading →

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AUD/USD: Australia Q2 CPI rises 0.5% (QoQ) in second quarter

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.45% against the USD to close at 1.0217. LME Copper prices rose 0.1% or $9.3/MT to $ 7395.8/ MT. Aluminium prices rose 0.2% or $4.5/MT to $ 1839.8/ MT. In the … Continue reading →

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USD/CAD: CAD down as Euro-zone debt crisis weighs on risk-taking

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.32% against the CAD to close at 1.0218, as concerns that Euro-zone debt crisis is worsening curbed demand for riskier assets. In Canada, retail sales rose 0.3% (MoM) in May, compared … Continue reading →

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USD/CHF: Eyeing Parity

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.40% against the CHF and closed at 0.9952. The Swiss Franc declined along with the Euro, eyeing parity with the greenback, amid renewed concerns about the Euro-region’s debt crisis. In the … Continue reading →

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USD/JPY: Japan registered surprise trade surplus in June

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.17% against the JPY and closed at 78.16. In the Asian session, at GMT0300, the pair is trading at 78.14, with the USD trading 0.03% lower from yesterday’s close. This morning, … Continue reading →

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GBP/USD: Trading flat ahead of UK GDP data

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.5507. On the UK economic front, the British Banker’s Association (BBA) reported that the number of new mortgages approvals unexpectedly dropped to 26,269 in … Continue reading →

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EUR/USD: Moody’s lower EFSF outlook; Euro tad higher this morning

Posted on July 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.40% against the USD and closed at 1.2069, as risk aversion increased among investors following little hope that Greece would meet the terms of its bailout, raising doubts on its future … Continue reading →

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