Monthly Archives: July 2012

USD/CAD: Loonie trading flat ahead of Canadian retail sales data

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.45% against the CAD to close at 1.0185. In the US, Federal Reserve Bank of Chicago stated that its monthly National Activity Index rose to a reading of -0.15 in June, … Continue reading →

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USD/CHF: Swissy higher this morning

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9912. In Switzerland, the M3 money supply grew 7.4% (YoY) in June, following 6.3% growth in May. In the Asian session, at GMT0300, the … Continue reading →

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USD/JPY: Yen trading steady ahead of Japan trade balance data

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 78.29. Yesterday, the Japanese government, in its monthly report published by the Cabinet Office, vowed to work “decisively” with the Bank of Japan to … Continue reading →

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EUR/USD: Euro fell on Spanish contagion concerns, trading higher this morning

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2117, amid concerns that Spain would have to seek a full sovereign bailout. The Euro slid two-year low against the dollar, as Murcia became … Continue reading →

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GBP/USD: British Pound tad higher in the Asian session

Posted on July 24, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.5513, as risk aversion increased among the investors. In the Asian session, at GMT0300, the pair is trading at 1.5520, with the GBP trading … Continue reading →

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Trading signals for Monday 23-07-2012

Posted on July 23, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 23-07-2012 11:00 GMT Continue reading →

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EUR/USD: Greece & Spanish worries weighs on the Euro

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, EUR declined 0.92% against the USD and closed at 1.2163, amid mounting concerns over the European debt crisis. Spain’s financial crisis deepened following news that Valencia, a heavily indebted region in … Continue reading →

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Crude Oil: Oil down on demand concern

Posted on July 23, 2012 by GCI Financial

On Friday, Oil prices declined 0.60% against the USD for the 24 hour period ending 23:00GMT, closing at 91.54. The American Petroleum Institute (API), in its monthly report, stated that petroleum consumption in June declined 3% from a year ago … Continue reading →

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Silver: Silver drifting lower in the Asian session

Posted on July 23, 2012 by GCI Financial

On Friday, Silver prices rose 0.16% to USD 27.32 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.12, 0.74% lower from Friday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal inches down on heightened Spain concerns

Posted on July 23, 2012 by GCI Financial

On Friday Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1584.60 per ounce. In the Asian session, at GMT0300, Gold is trading at 1579.10, 0.35% lower from Friday’s close, as the … Continue reading →

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AUD/USD: Risk aversion weighs on the Aussie

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.42% against the USD to close at 1.0379. In China, MNI Flash business sentiment index fell to a reading of 49.63 in July, compared to a reading of 53.21 … Continue reading →

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