Daily Archives: August 2, 2012

Trading signals for Thursday 02-08-2012

Posted on August 2, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 02-08-2012 11:00 GMT Continue reading →

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Crude oil: Oil continues its rally on EIA data

Posted on August 2, 2012 by GCI Financial

Oil prices advanced 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 88.75. Yesterday, the Energy Information Administration (EIA) reported that the US crude oil inventories decreased by 6.50 million barrels to 373.60 million barrels in … Continue reading →

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Silver: Trading higher after yesterday’s fall

Posted on August 2, 2012 by GCI Financial

Silver prices declined 1.89% to USD 27.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.48, 0.10% higher from yesterday’s close. Silver is expected to find support at 27.05, and … Continue reading →

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Gold: Yellow metal fell on stronger greenback; trading higher in the Asian session

Posted on August 2, 2012 by GCI Financial

Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1600.50 per ounce, as the greenback strengthened after the Federal Reserve offered no measures to stimulate the economy. In the Asian session, at … Continue reading →

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AUD/USD: Aussie up after positive economic data from Australia

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0465, on broad dollar strength. LME Copper prices declined 1.1% or $83.0/MT to $7497.5/ MT. Aluminium prices declined 1.0% or $18.5/MT to $1843.8/ MT. … Continue reading →

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USD/CAD: Loonie trading flat in the Asian session

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 1.0048, after the Federal Reserve took no new monetary stimulus to provide additional support for the economy after a two-day policy meeting. In the … Continue reading →

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USD/CHF: Swiss Franc higher ahead of retail sales and PMI data in Switzerland

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.50% against the CHF and closed at 0.9819. There were no major releases in Switzerland yesterday. Meanwhile, in the US, the Institute of Supply Management (ISM) index stated that its manufacturing … Continue reading →

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USD/JPY: Trading above its MA’s

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD strengthened 0.36% against the JPY and closed at 78.41, after the Federal Reserve refrained from monetary easing. In the US, payroll processor ADP stated that the private sector employment increased by a … Continue reading →

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GBP/USD: Pound trading steady ahead of BoE interest rate decision

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.5546, after the Markit/CIPS manufacturing Purchasing Managers’ Index (PMI) in the UK dropped to 45.4 in July, the lowest level since March 2009, from … Continue reading →

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EUR/USD: Euro trading higher ahead of ECB interest rate decision

Posted on August 2, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.2237. The greenback rose after the Federal Reserve made no changes to interest rates or policy in general, reiterating earlier stances that it would … Continue reading →

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