Daily Archives: October 5, 2012

Trading signals for Friday 05-10-2012

Posted on October 5, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 05-10-2012 11:00 GMT Continue reading →

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Crude Oil: Oil jumps more than 3%, extending gains this morning

Posted on October 5, 2012 by GCI Financial

Crude Oil prices advanced 3.46% against the USD for the 24 hour period ending 23:00GMT, closing at 91.40, after the European Central Bank (ECB) President, Mario Draghi stated that the central bank was ready to start purchasing the debt of … Continue reading →

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Gold: Yellow metal higher on ECB’s bullish words

Posted on October 5, 2012 by GCI Financial

Gold prices traded higher by 0.68% against the USD in the 24 hour period ending 23:00GMT, at 1792.20 per ounce, as demand for the precious metal rose, after European Central Bank (ECB) President Mario Draghi reiterated that the central bank … Continue reading →

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Silver: White metal extends gains in Asian session

Posted on October 5, 2012 by GCI Financial

Silver prices rose 0.85% to the USD35.00 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 35.05, 0.16% higher from yesterday’s close. Silver is expected to find support at 34.76, and … Continue reading →

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AUD/USD: US Dollar extends losses as sentiment firms up on ECB comments

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.11% against the USD to close at 1.0241, as demand for riskier currencies rose after European Central Bank (ECB) President, Mario Draghi said that the announcement of Outright Monetary Transactions had … Continue reading →

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USD/CAD: Loonie rises as market sentiment firms up

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.57% against the CAD to close at 0.9811, as market sentiment firmed up after the European Central Bank (ECB) reiterated that it was ready to buy the debt of troubled … Continue reading →

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USD/CHF: Switzerland’s industrial production grew at a faster pace in Q2

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CHF and closed at 0.9309. The Swiss Franc rose, following a rise in nation’s industrial production. Switzerland’s industrial production rose 4.6% (YoY) in Q2 FY2012, compared to … Continue reading →

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GBP/USD: Pound gains on Mario Draghi’s comments, BoE support

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.6186, as encouraging comments by European Central Bank (ECB) President, Mario Draghi boosted market sentiment while the Pound remained supported after the Bank of … Continue reading →

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USD/JPY: BoJ keeps policy steady but cuts economic assessment

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.09% against the JPY and closed at 78.52. In the Asian session, at GMT0300, the pair is trading at 78.46, with the USD trading 0.08% lower from yesterday’s close. Today … Continue reading →

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EUR/USD: Euro rises on ECB’s stance to start buying bonds

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.73% against the USD and closed at 1.3017, after European Central Bank (ECB) President, Mario Draghi reiterated that the single currency is “irreversible” and said that he remained committed to preserving … Continue reading →

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