Monthly Archives: July 2012

Crude Oil: Crude oil higher on demand prospects

Posted on July 30, 2012 by GCI Financial

On Friday, Oil prices advanced 0.88% against the USD for the 24 hour period ending 23:00GMT, closing at 90.08. In the Asian session, at GMT0300, Crude Oil is trading at 90.15, 0.08% higher from Friday’s close, on hopes that the … Continue reading →

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Silver: Trading lower in the Asian session

Posted on July 30, 2012 by GCI Financial

On Friday, Silver prices rose 1.13% to USD 27.80 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.66, 0.53% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Trading lower this morning

Posted on July 30, 2012 by GCI Financial

On Friday, Gold prices traded higher by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1625.80 per ounce, as the greenback weakened. In the Asian session, at GMT0300, Gold is trading at 1621.20, 0.28% lower from … Continue reading →

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AUD/USD: Aussie backpedals this morning

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.81% against the USD to close at 1.0481. LME Copper prices rose 0.6% or $44.5/MT to $7554.8/ MT. Aluminium prices declined 0.3% or $5.5/MT to $1859.8/ MT. In the … Continue reading →

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USD/CAD: Canadian Dollar tad higher in the Asian session

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.53% against the CAD to close at 1.0045. In the US, Gross Domestic Product (GDP) expanded to an annual rate of 1.5% in the second quarter of 2012, the … Continue reading →

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USD/CHF: Pair trading between its MA’s

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD declined 0.18% against the CHF and closed at 0.9762. The Swiss Franc rose after the KOF economic barometer index rose more-than-expected to a reading of 1.43 in July, from 1.15 … Continue reading →

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USD/JPY: Yen trading higher ahead of PMI data in Japan

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.31% against the JPY and closed at 78.49. In the US, the Thomson Reuters/University of Michigan consumer sentiment index edged up to 72.3 in July, from the mid-month reading … Continue reading →

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GBP/USD: British Pound gives up Friday’s gains this morning

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.27% against the USD and closed at 1.5732. On Friday, Standard & Poor’s Ratings Services affirmed UK’s triple-AAA sovereign rating and maintained a stable outlook. It expects the UK … Continue reading →

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EUR/USD: Euro advanced on ECB hopes, drifting lower this morning

Posted on July 30, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.19% against the USD and closed at 1.2303, amid talks of stronger action by the European Central Bank (ECB) and Euro-zone goverments to stem Europe’s sovereign debt crisis. The … Continue reading →

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Trading signals for Friday 27-07-2012

Posted on July 27, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 27-07-2012 11:00 GMT Continue reading →

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USD/CAD: Canadian Dollar higher as risk aversion abated

Posted on July 27, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.56% against the CAD to close at 1.0099, as risk aversion among investors eased after ECB President, Mario Draghi vowed that the central bank would do everything in its power to … Continue reading →

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