Monthly Archives: July 2012

USD/CHF: Swiss Franc lower ahead of CPI data in Switzerland

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 1.11% against the CHF and closed at 0.9697. In the US, applications for initial jobless benefits fell more-than-expected to 374,000 for the week ended June 30. Economist had expected jobless claims … Continue reading →

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USD/JPY: Witnessing flat trading in the Asian session

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 79.91. The Institute for Supply Management (ISM) reported that its Non-Manufacturing Index in the US fell to a reading of 52.1 in June, its … Continue reading →

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GBP/USD: BoE injects £50 billion to boost UK economy; trading steady this morning

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.46% against the USD and closed at 1.5519. The Bank of England (BoE), in its Monetary Policy meeting, voted to raise asset purchase target to £375 billion by injecting £50 billion … Continue reading →

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EUR/USD: Euro down after ECB cuts rates

Posted on July 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 1.09% against the USD and closed at 1.2388, after the European Central Bank (ECB) President, Mario Draghi, cautioned that downside risks to Euro-region growth are materializing. Yesterday, ECB also cut its … Continue reading →

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Trading signals for Thursday 05-07-2012

Posted on July 5, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 05-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil prices fell amid profit booking, trading higher this morning

Posted on July 5, 2012 by GCI Financial

Oil prices declined 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 86.82, amid profit booking. Meanwhile, Norway’s Oil Industry Association stated that it is willing to negotiate to end a 10-day strike with labor as … Continue reading →

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Silver: Trading above its MA’s

Posted on July 5, 2012 by GCI Financial

Silver prices declined 0.30% to USD 28.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.25, 0.28% higher from yesterday’s close. Silver is expected to find support at 28.09, and … Continue reading →

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Gold: Stronger dollar pushed yellow metal lower

Posted on July 5, 2012 by GCI Financial

Gold prices traded lower by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1614.60 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1617.98, 0.05% lower from yesterday’s close. … Continue reading →

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AUD/USD: Aussie trading lower after Australian trade deficit widened in May

Posted on July 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0271. LME Copper prices declined 1.1% or $82.3/MT to $7695.3/ MT. Aluminium prices rose 1.0% or $19.3/MT to $1.0%/ MT. In the Asian session, … Continue reading →

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USD/CAD: Canadian Dollar declines as crude oil prices retreats

Posted on July 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CAD to close at 1.0133. The Canadian Dollar came under pressure after crude oil, nation’s biggest export, fell more than 1.0% yesterday. In the Asian session, at GMT0300, … Continue reading →

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USD/CHF: Trading above its MA’s

Posted on July 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.64% against the CHF and closed at 0.9591. In the Asian session, at GMT0300, the pair is trading at 0.9590, with the USD trading steady from yesterday’s close. The pair is … Continue reading →

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