Monthly Archives: July 2012

Gold: Yellow metal recoups its yesterday’s losses

Posted on July 11, 2012 by GCI Financial

Gold prices traded lower 1.14% against the USD in the 24 hour period ending 23:00GMT, at 1569.63 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1574.95, 0.34% higher from yesterday’s close. Gold … Continue reading →

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AUD/USD: Aussie higher on strong consumer confidence data

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0183. Yesterday, the Chinese Premier, Wen Jiabao, stated that the stabilising growth was a “top priority” and authorities would encourage more investment in China. … Continue reading →

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USD/CAD: Loonie declined amid falling oil prices; trading higher this morning

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.31% against the CAD to close at 1.0229. The Loonie came under pressure after oil prices, its biggest export, fell more than 1%, yesterday. In Canada, on a seasonally adjusted basis, … Continue reading →

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USD/CHF: Swiss Franc cementing gains in the Asian session

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.9803. Late yesterday, the Fitch Ratings affirmed its triple-A rating on the US but stated that the outlook remains negative, noting risks related to … Continue reading →

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USD/JPY: Yen trading higher

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.20% against the JPY and closed at 79.41. The Yen fell after the consumer confidence index in Japan fell to 40.4 in June, compared to 40.7 in May. In the Asian … Continue reading →

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GBP/USD: GDP contraction pushed Sterling lower yesterday, recouping losses in Asian session

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.08% against the USD and closed at 1.5516, after National Institute of Economic Research (NIESR) reported that the UK gross domestic product (GDP) fell 0.2% (QoQ) in June. Adding to the … Continue reading →

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EUR/USD: EU eases Spain’s tensions; Greece under pressure again

Posted on July 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.51% against the USD and closed at 1.2251, as investors questioned whether the latest agreement by European leaders to aid Spanish banks would resolve nation’s debt problems and as German court … Continue reading →

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Trading signals for Tuesday 10-07-2012

Posted on July 10, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 10-07-2012 11:00 GMT Continue reading →

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Crude Oil: Crude oil trading lower as Norway ends strike, China curbs imports

Posted on July 10, 2012 by GCI Financial

Oil prices advanced 1.00% against the USD for the 24 hour period ending 23:00GMT, closing at 85.24. In the Asian session, at GMT0300, crude oil is trading at 84.76, 0.56% lower from yesterday’s close, as weak Chinese import data stoked … Continue reading →

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Silver: Trading below its MA’s

Posted on July 10, 2012 by GCI Financial

Silver prices rose 1.32% to USD 27.35 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.27, 0.31% lower from yesterday’s close. Silver is expected to find support at 27.07, and … Continue reading →

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Gold: Gold gives up yesterday’s gains

Posted on July 10, 2012 by GCI Financial

Gold prices traded higher by 0.51% against the USD in the 24 hour period ending 23:00GMT, at 1587.65 per ounce. In the Asian session, at GMT0300, Gold is trading at 1585.48, 0.14% lower from yesterday’s close. Gold is expected to … Continue reading →

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