Monthly Archives: August 2012

USD/JPY: Japan cuts its economy’s assessment for the first time in 10 months

Posted on August 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD traded steady against the JPY and closed at 78.75. The Chicago Federal Reserve President, Charles Evans stated that the Fed should immediately launch a fresh round of monetary stimulus and buy bonds … Continue reading →

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USD/CHF: Swiss Franc down ahead of UBS consumption indicator data in Switzerland

Posted on August 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.15% against the CHF and closed at 0.9606. The Swiss National Bank (SNB) stated that it would refrain for now from asking banks to build up more capital to protect them … Continue reading →

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USD/CAD: Canadian Dollar losing steam against the USD this morning

Posted on August 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD to close at 0.9903, ahead of the US Federal Reserve Chairman, Ben Bernanke speech at a central bankers’ gathering in Jackson Hole, Wyoming, on Friday amid expectations … Continue reading →

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AUD/USD: Aussie slips as Australian new home sales retreat in July

Posted on August 28, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.50% against the USD to close at 1.0363, after a report showed that profits for industrial companies in China, Australia’s biggest trading partner, fell 5.4% in July from a year earlier. … Continue reading →

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Gold: trading below its short term moving averages

Posted on August 28, 2012 by GCI Financial

Gold prices traded lower by 0.47% against the USD in the 24 hour period ending 23:00GMT, at 1665.75 per ounce, amid profit booking after an early rally on speculation that the US Federal Reserve may unveil another round of monetary … Continue reading →

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Silver: Silver drifting lower this morning

Posted on August 28, 2012 by GCI Financial

Silver prices declined 0.39% to USD 30.79 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.53, 0.84% lower from yesterday’s close. Silver is expected to find support at 30.29, and … Continue reading →

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Crude Oil: Crude oil continues its downfall in the Asian session

Posted on August 28, 2012 by GCI Financial

Oil prices declined 1.22% against the USD for the 24 hour period ending 23:00GMT, closing at 95.65, on speculation that the Tropical Storm Isaac’s impact on output in the Gulf of Mexico would be limited. Meanwhile, investors focus on the … Continue reading →

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Trading signals for Monday 27-08-2012

Posted on August 27, 2012 by GCI Financial

Forex, Commodities and Index signals for Monday 27-08-2012 11:00 GMT Continue reading →

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Trading signals for Friday 24-08-2012

Posted on August 24, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 24-08-2012 11:00 GMT Continue reading →

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Crude Oil: Oil fell on weak demand prospects; trading lower in the Asian session

Posted on August 24, 2012 by GCI Financial

Oil prices declined 1.47% against the USD for the 24 hour period ending 23:00GMT, closing at 95.89, as rising US jobless claims and weak manufacturing activity in China raised demand concern, from the world’s two largest oil consumers. In the … Continue reading →

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Silver: Trading between its MA’s

Posted on August 24, 2012 by GCI Financial

Silver prices rose 2.26% to USD 30.51 per ounce during the 24 hours ending 23:00GMT, in line with rise in base metal prices. In the Asian session, at GMT0300, Silver is trading at 30.47, 0.15% lower from yesterday’s close. Silver … Continue reading →

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