Daily Archives: August 10, 2012

Trading signals for Friday 10-08-2012

Posted on August 10, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 10-08-2012 11:00 GMT Continue reading →

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Crude Oil: Oil rose on positive US employment data, trading lower after Chinese trade surplus fell in June

Posted on August 10, 2012 by GCI Financial

Oil prices advanced 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 93.55, as positive employment and trade balance data from the US boosted hopes for nation’s growth prospects and the energy demand outlook. In the … Continue reading →

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Silver: Trading below its MA’s

Posted on August 10, 2012 by GCI Financial

Silver prices rose 0.26% to USD 28.15 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.02, 0.46% lower from yesterday’s close. Silver is expected to find support at 27.84, and … Continue reading →

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Gold: Trading lower this morning

Posted on August 10, 2012 by GCI Financial

Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1617.70 per ounce. In the Asian session, at GMT0300, Gold is trading at 1613.65, 0.25% lower from yesterday’s close. Gold is expected to … Continue reading →

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AUD/USD: Australian economy would grow 3.5% in 2012: RBA

Posted on August 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.07% against the USD to close at 1.0574. LME Copper prices declined 0.4% or $30.0/MT to $7495.3/ MT. Aluminium prices declined 0.4% or $6.8/MT to $1865.8/ MT. In the Asian session, … Continue reading →

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USD/CAD: Loonie trading lower ahead of Canadian unemployment report

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD declined 0.28% against the CAD to close at 0.9916. In economic news, international merchandise trade deficit of Canada widened to C$1.8 billion in June, from C$954 million in May. Separately, housing … Continue reading →

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USD/CHF: Greenback rallied on positive US economic data

Posted on August 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.57% against the CHF and closed at 0.9765. In the US, initial jobless claims declined to 361,000 for the week ended August 4, against the market expectations for an increase to … Continue reading →

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USD/JPY: Yen fell on downbeat Japanese consumer confidence figures, trading flat this morning

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, USD strengthened 0.23% against the JPY and closed at 78.61, after the Bank of Japan refrained from loosening monetary policy. The Japanese Yen also came under pressure, after the consumer sentiment index … Continue reading →

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GBP/USD: Sterling fell after UK trade deficit widened in June

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5631, after data showed that the UK trade deficit widened more-than-expected in June. In the UK, the visible trade deficit widened to £10.1 … Continue reading →

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EUR/USD: Euro down as ECB widened Euro-zone 2012 contraction expectation

Posted on August 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.59% against the USD and closed at 1.2300, as risk aversion increased among investors after European Central Bank (ECB) stated that there is a downside risks to the Euro-zone’s economic … Continue reading →

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