Monthly Archives: July 2012

USD/CAD: Loonie fell on weak Canadian PMI data

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.35% against the CAD to close at 1.0183, after data showed that Canadian purchasing activity unexpectedly contracted in June. In Canada, Ivey purchasing managers index (PMI) on a seasonally … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Switzerland unemployment rate

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.77% against the CHF and closed at 0.9772. In Switzerland, consumer price index fell 1.1% (YoY) in June, against the market expectation of 1.0% fall. Meanwhile, Swiss Economy Minister, … Continue reading →

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USD/JPY: Yen trading lower amid poor economic data from Japan

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.35% against the JPY and closed at 79.63. In Japan, the leading index rose to a reading of 95.9 in May, from a revised reading of 95.6 in April, … Continue reading →

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GBP/USD: Pound trading steady in the Asian session

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.17% against the USD and closed at 1.5492. In the UK, the output producer price index rose 2.3% (YoY) in June, compared to a 2.9% rise in May. However, … Continue reading →

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EUR/USD: Euro fell on risk aversion, trading flat this morning

Posted on July 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.78% against the USD and closed at 1.2291, as risk aversion grew among investors following weak US jobs data and political disparity among Euro-zone nations. The US Bureau of … Continue reading →

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Trading signals for Friday 06-07-2012

Posted on July 6, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 06-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil down on demand concerns

Posted on July 6, 2012 by GCI Financial

Oil prices declined 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 86.74, as latest stimulus by central banks in Europe and China failed to reduce investor concerns over future oil demand, although supply worries stemming … Continue reading →

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Silver: White metal continues its downfall this morning

Posted on July 6, 2012 by GCI Financial

Silver prices declined 1.42% to USD 27.77 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.72, 0.18% lower from yesterday’s close. Silver is expected to find support at 27.37, and … Continue reading →

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Gold: Gold trading below its short term SMA’s

Posted on July 6, 2012 by GCI Financial

Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1614.90 per ounce. In the Asian session, at GMT0300, Gold is trading at 1605.82, 0.56% lower from yesterday’s close. Gold is expected to find … Continue reading →

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AUD/USD: Aussie gives up yesterday’s gains in the Asian session

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.06% against the USD to close at 1.0277. In China, the People’s Bank of China surprisingly cut its main lending rate to 6.00% and reduced its deposit rate to 3.00%, stating … Continue reading →

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USD/CAD: Loonie trading lower; a series of Canadian economic data awaited today

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.14% against the CAD to close at 1.0147. In the Asian session, at GMT0300, the pair is trading at 1.0153, with the USD trading 0.06% higher from yesterday’s close. The pair … Continue reading →

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