Monthly Archives: September 2012

USD/CHF: Swiss Franc down as SECO trims Swiss growth forecast, trading higher this morning

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.9285. Yesterday, the State Secretariat for Economic Affairs (SECO) forecasted that the Swiss economy would expand 1.0% in 2012, down from the prior … Continue reading →

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GBP/USD: Pound trading flat from Yesterday’s close; BoE minutes awaited

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6242. Data released in the UK indicated that the consumer prices rose at an annual pace of 2.5% in August, slowing from 2.6% in … Continue reading →

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EUR/USD: Euro down on Spanish concerns, trading higher this morning

Posted on September 19, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.54% against the USD and closed at 1.3043, as risk appetite continued to wane following comments from the Spain’s Deputy Prime Minister, Soraya Sáenz de Santamaria, that the country was still … Continue reading →

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Trading signals for Tuesday 18-09-2012

Posted on September 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 18-09-2012 11:00 GMT Continue reading →

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Crude Oil: Trading lower ahead of crude oil inventories report

Posted on September 18, 2012 by GCI Financial

Crude Oil prices declined 2.04% against the USD for the 24 hour period ending 23:00GMT, closing at 96.98. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. Meanwhile, the Iran’s Nuclear Chief, Fereydoun … Continue reading →

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Silver: Trading below its MA’s

Posted on September 18, 2012 by GCI Financial

Silver prices declined 1.53% to the USD 34.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.16, 0.18% lower from yesterday’s close. Silver is expected to find support at 33.75, … Continue reading →

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Gold: Gold extended its losses in the Asian session

Posted on September 18, 2012 by GCI Financial

Gold prices traded lower by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1760.68 per ounce, after commodity prices plunged overnight and investors booked profit from a recent rally sparked by the Federal Reserve’s aggressive round … Continue reading →

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AUD/USD: RBA keeps room for rate cut if Australian economy deteriorates

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.60% against the USD to close at 1.0475. LME Copper prices declined 1.3% or $107.5/MT to $8292.8/MT. Aluminium prices declined 0.7% or $15.0/MT to $2161.8/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Loonie fell on weak Canadian home sales data, cementing gains this morning

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 0.9747. The Loonie came under pressure after the Canadian Real Estate Association (CREA) reported that home sales in Canada fell 5.8% (MoM) in … Continue reading →

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USD/CHF: Pair trading lower in the Asian session; SECO economic forecasts awaited in Switzerland

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9273. In the Asian session, at GMT0300, the pair is trading at 0.9268, with the USD trading 0.05% lower from yesterday’s close. The … Continue reading →

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USD/JPY: Yen fell on BoJ stimulus speculation, trading higher this morning

Posted on September 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.44% against the JPY and closed at 78.68. The Yen came under pressure amid speculation that the Bank of Japan (BoJ) would expand monetary easing at its meeting tomorrow. Additionally, … Continue reading →

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