Monthly Archives: July 2012

USD/CAD: CAD down as risk aversion sends high yielding currencies south

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.45% against the CAD to close at 1.0124, as concerns that Europe’s debt crisis is worsening, reduced demand for higher-yielding assets. In economic news, on a seasonally adjusted basis, … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of SNB monthly bulletin

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD rose 0.93% against the CHF and closed at 0.9875. In the Asian session, at GMT0300, the pair is trading at 0.9915, with the USD trading 0.41% higher from Friday’s close. … Continue reading →

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USD/JPY: Yen holds on to Friday’s gains

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.29% against the JPY and closed at 78.48. In the Asian session, at GMT0300, the pair is trading at 78.18, with the USD trading 0.38% lower from Friday’s close. … Continue reading →

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GBP/USD: Pound lower as UK’s public sector borrowing grew for the second consecutive month

Posted on July 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.61% against the USD and closed at 1.5622, after UK’s public sector net borrowing continued to climb for June, casting aspersions over the government’s plan to balance its budget … Continue reading →

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Trading signals for Friday 20-07-2012

Posted on July 20, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 20-07-2012 11:00 GMT Continue reading →

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Crude Oil: Oil rose more than 2% on Middle East concern

Posted on July 20, 2012 by GCI Financial

Oil prices advanced 2.44% against the USD for the 24 hour period ending 23:00GMT, closing at 92.09, on renewed Middle East concern. Meanwhile, investors await American Petroleum Institute (API) monthly report due out in the day ahead. In the Asian … Continue reading →

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Silver: Trading below its MA’s

Posted on July 20, 2012 by GCI Financial

Silver prices rose 0.44% to USD 27.28 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.22, 0.21% lower from yesterday’s close. Silver is expected to find support at 27.05, and … Continue reading →

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Gold: Yellow metal rallied on the weak US economic data

Posted on July 20, 2012 by GCI Financial

Gold prices traded higher by 0.50% against the USD in the 24 hour period ending 23:00GMT, at 1582.40 per ounce, as the greenback weakened after a slew of weak US data raised speculation that more stimulus may be coming from … Continue reading →

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AUD/USD: Aussie gives up yesterday’s gains

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0423. LME Copper prices rose 2.2% or $169.3/MT to $7764.8/ MT. Aluminium prices rose 2.2% or $40.5/MT to $1908.8/ MT. In the Asian session, … Continue reading →

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USD/CAD: Sharp rally in Oil prices pushed Loonie higher

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.22% against the CAD to close at1.0079. Yesterday, the Canadian Dollar received support amid surprise rise in crude oil prices, Canada’s biggest export. Moreover, wholesale sales in Canada rose 0.9% (MoM) … Continue reading →

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USD/CHF: Swiss trade surplus narrowed in June; Franc trading lower this morning

Posted on July 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.01% against the CHF and closed at 0.9784. In Switzerland, the trade surplus narrowed to CHF2.25 billion in June, from a revised CHF2.52 billion surplus recorded in May. In the Asian … Continue reading →

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