Daily Archives: September 6, 2012

Trading signals for Thursday 06-09-2012

Posted on September 6, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 06-09-2012 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

Crude Oil: Oil continues its rally this morning on API data

Posted on September 6, 2012 by GCI Financial

Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 95.84. Late yesterday, the American Petroleum Institute (API) reported that the US Crude oil inventories fell by 7.2 million barrels in the week ended … Continue reading →

Posted in Crude Oil | Leave a comment

Silver: Trading above its MA’s

Posted on September 6, 2012 by GCI Financial

Silver prices declined 0.23% to USD 32.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.56, 1.02% higher from yesterday’s close. Silver is expected to find support at 32.14, and … Continue reading →

Posted in Silver | Leave a comment

Gold: Gaining strength this morning

Posted on September 6, 2012 by GCI Financial

Gold prices traded lower by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1692.45 per ounce. In the Asian session, at GMT0300, Gold is trading at 1697.00, 0.27% higher from yesterday’s close. Gold is expected to … Continue reading →

Posted in Gold | Leave a comment

AUD/USD: Unemployment rate in Australia fell to 5.1% in August

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.20% against the USD to close at 1.0193. LME Copper prices declined 0.4% or $34.0/MT to $7606.3/MT. Aluminium prices rose marginally or $0.5/MT to $1927.8/MT. In the Asian session, at GMT0300, … Continue reading →

Posted in AUD/USD | Leave a comment

USD/CAD: BoC holds interest rate steady at 1.0%

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD rose 0.43% against the CAD to close at 0.9908. Yesterday, the Bank of Canada (BoC) kept its overnight rate unchanged at 1.00% in September, in line with market expectations. The bank stated … Continue reading →

Posted in USD/CAD | Leave a comment

USD/CHF: Trading flat from yesterday’s close

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9560. The Swiss Franc fell after the Swiss National Bank (SNB) Vice Chairman, Jean-Pierre Danthine, stated that the Swiss Franc is still over-valued. Additionally, … Continue reading →

Posted in USD/CHF | Leave a comment

USD/JPY: Pair trading marginally lower in the Asian session

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.42. Yesterday, the Bank of Japan (BoJ) board member, Ryuzo Miyao, stated that the risk to Japan from a prolonged global slowdown is rising. … Continue reading →

Posted in USD/JPY | Leave a comment

GBP/USD: BoE expected to keep interest rate and asset purchase target unchanged

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5903. In the UK, net foreign currency reserves increased to $47.03 billion at the end of August, from $46.29 billion in the previous month, … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro continues its rally this morning ahead of Mario Draghi’s bond rescue plan

Posted on September 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.2596, amid hopes that the European Central Bank (ECB) would announce fresh measures to battle the Euro-zone debt crisis. Yesterday, the Italian Prime Minister, … Continue reading →

Posted in EUR/USD | Leave a comment