Monthly Archives: September 2012

AUD/USD: Australian Dollar tumbled in risk-off trade, gaining momentum today morning

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0437, as risk sentiment came under pressure following weak Chinese manufacturing data and amid sustained Euro-zone debt concerns. LME Copper prices declined 1.5% or … Continue reading →

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USD/CAD: Loonie higher ahead of CPI data in Canada

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 0.9764. In the US, Markit preliminary manufacturing Purchasing Managers Index (PMI) stood at 51.5 in September, unchanged from August. Additionally, the US initial … Continue reading →

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USD/JPY: Greenback continue to decline versus the Yen in Asian session

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.14% against the JPY and closed at 78.28, as disappointing US jobless claims data added to concerns over the outlook for global economic growth, following a string of weak economic … Continue reading →

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GBP/USD: UK retail sales fell less-than-expected in August

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.05% against the USD and closed at 1.6218. Yesterday, the Bank of England (BoE) Governor, Mervyn King, stated that it would be acceptable for the UK government to miss a key … Continue reading →

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EUR/USD: Euro fell as Euro-zone manufacturing activity remained in contraction, trading higher this morning

Posted on September 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the EUR declined 0.57% against the USD and closed at 1.2975, after data showed that manufacturing activity in the Euro-zone remained in the contraction territory. Adding to the gloom, the Italian government revised … Continue reading →

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Trading signals for Thursday 20-09-2012

Posted on September 20, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 20-09-2012 11:00 GMT Continue reading →

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GBP/USD: Policymakers unanimously voted to leave policy unchanged: BoE Minutes

Posted on September 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.6226. Yesterday, the minutes of the Bank of England’s (BoE) latest monetary policy meeting revealed that the policymakers unanimously voted in favour of leaving … Continue reading →

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Crude Oil: Oil prices fell amid rise in the US crude oil inventories

Posted on September 20, 2012 by GCI Financial

Crude Oil prices declined 3.85% against the USD for the 24 hour period ending 23:00GMT, closing at 91.90, after more-than-expected rise in the US crude oil inventories. The Energy Information Administration (EIA) reported that the US crude oil inventories rose … Continue reading →

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Silver: Trading between its MA’s

Posted on September 20, 2012 by GCI Financial

Silver prices declined 0.52% to the USD 34.63 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.57, 0.15% lower from yesterday’s close. Silver is expected to find support at 34.25, … Continue reading →

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Gold: Yellow metal extending its losses in the Asian session

Posted on September 20, 2012 by GCI Financial

Gold prices traded lower by 0.05% against the USD in the 24 hour period ending 23:00GMT, at 1770.75 per ounce. In the Asian session, at GMT0300, Gold is trading at 1767.70, 0.17% lower from yesterday’s close. Gold is expected to … Continue reading →

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AUD/USD: S&P affirmed Australia’s AAA rating with a stable outlook

Posted on September 20, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.33% against the USD to close at 1.0475. Yesterday, the rating agency, Standard & Poor’s affirmed Australia’s AAA rating with a stable outlook, citing nation’s economic prospects remain favorable. However, the … Continue reading →

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