Daily Archives: October 10, 2012

Trading signals for Wednesday 10-10-2012

Posted on October 10, 2012 by GCI Financial

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

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USD/CAD: Greenback slips versus the Canadian Dollar despite global growth concerns

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CAD to close at 0.9795. In the Asian session, at GMT0300, the pair is trading at 0.9788, with the USD trading 0.08% lower from yesterday’s close. The … Continue reading →

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AUD/USD: Trading higher this morning

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0186. LME Copper prices rose 0.6% or $50.3/MT to $8183.0/MT. Aluminium prices declined 0.3% or $ 5.8/MT to $ 2040.5/MT. In the Asian session, … Continue reading →

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USD/CHF: Pair trading lower this morning ahead of SNB Chairman Thomas Jordan’s speech

Posted on October 10, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.00% against the CHF and closed at 0.9422. The Swiss Franc came under pressure after Bloomberg reported that a US custodian bank was planning to impose negative interest rates … Continue reading →

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USD/JPY: Yen trading lower in Asian session

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.14% against the JPY and closed at 78.19. Yesterday, the Bank of Japan (BoJ) Governor, Masaaki Shirakawa, speaking on central bank’s policies and operations on the occasion of the Annual … Continue reading →

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GBP/USD: Trading lower on soft UK data; BoE’s Mervyn King defends low interest rates

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5990, as global growth concerns continued to dampen investor confidence, while weak UK economic data also weighed. The IMF indicated that the UK economy … Continue reading →

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EUR/USD: Trading lower on Draghi’s speech

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.2852, as investors sought the safety of the greenback a day the after International Monetary Fund lowered its 2012 and 2013 global growth forecasts. … Continue reading →

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Crude Oil: Trading marginally lower, however supply concerns remain

Posted on October 10, 2012 by GCI Financial

Crude Oil prices advanced 2.19% against the USD for the 24 hour period ending 23:00GMT, closing at 91.96. In the Asian session, at GMT0300, Crude Oil is trading at 91.94, marginally lower from yesterday’s close. Turkey confirmed that it was … Continue reading →

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Silver: Global growth concerns pushes white metal lower

Posted on October 10, 2012 by GCI Financial

Silver prices declined 0.68% to the USD33.88 per ounce during the 24 hours ending 23:00GMT, as the greenback strengthened amid concerns over global economic growth. In the Asian session, at GMT0300, Silver is trading at 33.86, 0.07% lower from yesterday’s … Continue reading →

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Gold: Tad lower this morning

Posted on October 10, 2012 by GCI Financial

Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1765.41 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1764.62, marginally lower from yesterday’s close. … Continue reading →

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