Monthly Archives: July 2012

AUD/USD: Aussie down as Australia business confidence weakens

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.04% against the USD to close at 1.0209. LME Copper prices declined 1.0% or $77.3/MT to $7520.3/ MT. Aluminium prices declined 0.6% or $11.3/MT to $1876.3/ MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian Dollar trading lower this morning

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 1.0197. Yesterday, the Bank of Canada’s quarterly Senior Loan Officer Survey indicated that the overall business-lending conditions in Canada eased to a reading of … Continue reading →

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USD/CHF: Swiss unemployment rate stable in June; Swiss Franc trading lower this morning

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CHF and closed at 0.9748. On the data front, State Secretariat for Economic Affairs (SECO) reported that, on seasonally adjusted basis, Swiss unemployment rate remained stable at 2.9% … Continue reading →

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USD/JPY: Yen continues to strengthen

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.10% against the JPY and closed at 79.57. In Japan, the Eco Watchers’ survey current conditions index declined to 43.8 in June, from 47.2 in May. Meanwhile, the outlook index fell … Continue reading →

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GBP/USD: Pound trading lower following disappointing economic data in the UK

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5528. In the Asian session, at GMT0300, the pair is trading at 1.5505, with the GBP trading 0.15% lower from yesterday’s close, after RICS … Continue reading →

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EUR/USD: Euro slips, Euro-zone meeting offers no positive surprises

Posted on July 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.35% against the USD and closed at 1.2321, amid optimism that Euro-zone finance ministers meeting to discuss “breakthrough” measures for ailing Spanish bank would calm regions debt crises. The Euro received … Continue reading →

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Trading signals for Monday 09-07-2012

Posted on July 9, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 09-07-2012 11:00 GMT Continue reading →

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Crude Oil: Trading higher this morning after Friday’s fall

Posted on July 9, 2012 by GCI Financial

On Friday, Oil prices declined 2.92% against the USD for the 24 hour period ending 23:00GMT, closing at 84.21, amid demand concern following disappointing US jobs growth data. In the Asian session, at GMT0300, Crude Oil is trading at 84.93, … Continue reading →

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Silver: Trading between its MA’s

Posted on July 9, 2012 by GCI Financial

On Friday, Silver prices declined 2.34% to USD 27.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.22, 0.39% higher from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Gold drifting lower in the Asian session

Posted on July 9, 2012 by GCI Financial

On Friday Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1607.18 per ounce. In the Asian session, at GMT0300, Gold is trading at 1581.25, 1.61% lower from Friday’s close. Gold is expected … Continue reading →

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AUD/USD: Aussie fell on Chinese growth concern

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.55% against the USD to close at 1.0220. LME Copper prices declined 2.1% or $163.5/MT to $7597.5/ MT. Aluminium prices declined 1.4% or $26.8/MT to $1887.5/ MT. Over the … Continue reading →

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