Daily Archives: July 31, 2012

Trading signals for Tuesday 31-07-2012

Posted on July 31, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 31-07-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Crude Oil: Trading higher ahead of the US crude oil inventory reports

Posted on July 31, 2012 by GCI Financial

Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 89.68, as demand sentiment weakened following weak economic data from the Euro-zone. According to a Reuters survey, supply from the OPEC fell by 450,000 … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Speculative buying pushed white metal up

Posted on July 31, 2012 by GCI Financial

Silver prices rose 1.51% to USD 28.15 per ounce during the 24 hours ending 23:00GMT, on fresh speculative off-take amidst industrial buying in India. In the Asian session, at GMT0300, Silver is trading at 28.24, 0.32% higher from yesterday’s close. … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal trading higher amid hopes of monetary stimulus

Posted on July 31, 2012 by GCI Financial

Gold prices traded lower by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1621.28 per ounce. In the Asian session, at GMT0300, Gold is trading at 1623.2, 0.12% higher from yesterday’s close, amid expectation that the … Continue reading →

Posted in Gold | Leave a comment

GBP/USD: Consumer confidence in UK remained steady, indicates GFK

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.5710, as the release of weak economic data from the UK, raised concerns that UK’s recession is deepening. In the UK, the mortgage approvals … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Deepening Spanish recession pulled Euro down, trading higher this morning

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.37% against the USD and closed at 1.2261, after data showed that Spanish economy continued its contraction and following weak economic data from the Euro-zone. Meanwhile, the US Treasury Secretary, Timothy … Continue reading →

Posted in EUR/USD | Leave a comment

AUD/USD: Aussie extends its gains after building data in Australia

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0501. In China, the leading index fell to a reading of 99.28 in June, compared to a reading of 99.58 in May. LME Copper … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Pair moving closer to parity; Canadian GDP data awaited

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.23% against the CAD to close at 1.0016. The Canadian Dollar climbed against the greenback ahead of a meeting where the Federal Reserve may indicate that it would take further steps … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Greenback drifting lower this morning against Swiss Franc

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.38% against the CHF and closed at 0.9797. In the Asian session, at GMT0300, the pair is trading at 0.9779, with the USD trading 0.18% lower from yesterday’s close, amid speculation … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Manufacturing PMI in Japan declines at a fastest pace since last year’s earthquake

Posted on July 31, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.47% against the JPY and closed at 78.16. In the Asian session, at GMT0300, the pair is trading at 78.22, with the USD trading 0.08% higher from yesterday’s close. In Japan, … Continue reading →

Posted in USD/JPY | Leave a comment