Daily Archives: August 23, 2012

Trading signals for Thursday 23-08-2012

Posted on August 23, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 23-08-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Crude Oil: Oil extended gains following EIA data

Posted on August 23, 2012 by GCI Financial

Oil prices advanced 0.55% against the USD for the 24 hour period ending 23:00GMT, closing at 97.32, amid higher-than-expected drop in the US crude oil inventories. The Energy Information Administration (EIA) reported that the US crude oil inventories fell 5.4 … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: White metal rises above $30 per ounce this morning

Posted on August 23, 2012 by GCI Financial

Silver prices rose 1.98% to USD 29.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.15, 1.06% higher from yesterday’s close. Silver is expected to find support at 29.54, and … Continue reading →

Posted in Silver | Leave a comment

Gold: Yellow metal rose on weaker greenback

Posted on August 23, 2012 by GCI Financial

Gold prices traded higher by 0.99% against the USD in the 24 hour period ending 23:00GMT, at 1653.10 per ounce, as the greenback weakened after Federal Reserve minutes showed that policy makers are open to more stimulus if needed. In … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Aussie marginally higher in the Asian session

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.41% against the USD to close at 1.0510. LME Copper prices rose 0.8% or $61.5/MT to $7571.3/MT. Aluminium prices rose 0.4% or $7.8/MT to $1828.5/MT. In the Asian session, at GMT0300, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: Loonie fell on weak Canadian retail sales data, trading higher this morning

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.10% against the CAD to close at 0.9907. The Loonie came under pressure after retail sales in Canada unexpectedly fell 0.4% (MoM) in June, against the market expectation of 0.1% rise. … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Pair expected to take cues from Swiss trade balance data

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CHF and closed at 0.9576. In the US, number of total mortgage applications fell 7.4% for the week ended August 17, compared to the fall of 4.5% in … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Greenback trading lower ahead of Fed’s Evans Speech

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened 0.90% against the JPY and closed at 78.58, after minutes of the Federal Open Market Committee’s latest meeting showed that many US policy makers favor additional growth measures. In economic news, … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: Sterling continues its northward journey in the Asian session

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.68% against the USD and closed at 1.5884. Earlier yesterday, the Bank of England policymaker, Adam Posen stated that the UK economy was stagnating and warned that if the situation in … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Trading flat ahead of Euro-zone PMI & consumer confidence data

Posted on August 23, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.2543. Yesterday, the US Dollar came under pressure after the minutes of Federal Reserve’s latest monetary policy meeting indicated that the policy makers would … Continue reading →

Posted in EUR/USD | Leave a comment