Daily Archives: October 11, 2012

Trading signals for Thursday 11-10-2012

Posted on October 11, 2012 by GCI Financial

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

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AUD/USD: Aussie trading higher amid a rise in Australian jobs in September

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.33% against the USD to close at 1.0221. LME Copper prices declined 0.7% or $58.8/MT to $8124.3/MT. Aluminium prices declined 2.4% or $49.0/MT to $1991.5/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Greenback remained buoyant amid global growth concerns

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 0.9821, as global growth concerns continued to weigh on market sentiment, while investors eyed fresh developments in the Euro-zone. In the Asian session, … Continue reading →

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USD/CHF: Pair drifting lower in the Asian session

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9401. The Swiss National Bank (SNB) Chairman, Thomas Jordan, yesterday stated that the central bank would hold the cap on the Francs-Euro exchange … Continue reading →

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USD/JPY: Pair trading lower this morning

Posted on October 11, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 78.08. Yesterday, Japan’s preliminary machine tool orders dropped 3.0% (YoY) in September, following a 2.7% drop in the previous month. Separately, in the … Continue reading →

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GBP/USD: Pair trading higher in the Asian session

Posted on October 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.6006. In the US, the Federal Reserve’s Beige Book revealed that the housing market has shown “widespread improvement”, but economic activity has improved … Continue reading →

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EUR/USD: Euro fell on S&P’s Spanish downgrade, trading higher in the Asian session

Posted on October 11, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR ended flat against the USD and closed at 1.2859. The Euro came under pressure after Standard & Poor’s lowered Spain’s long-term credit rating to ‘BBB-’ from ‘BBB+’ and cut its short-term … Continue reading →

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Gold: Gold gaining strength in the Asian session

Posted on October 11, 2012 by GCI Financial

  Gold prices traded lower by 0.19% against the USD in the 24 hour period ending 23:00GMT, at 1759.38 per ounce. In the Asian session, at GMT0300, Gold is trading at 1763.90, 0.15% higher from yesterday’s close. Gold is expected … Continue reading →

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Silver: Silver trading higher in the Asian session

Posted on October 11, 2012 by GCI Financial

  Silver prices rose 0.12% to the USD33.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.03, 0.28% higher from yesterday’s close. Silver is expected to find support at 33.78, … Continue reading →

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Crude Oil: Crude oil dropped as OPEC & EIA lowers demand forecasts, trading higher this morning

Posted on October 11, 2012 by GCI Financial

  Crude Oil prices declined 0.71% against the USD for the 24 hour period ending 23:00GMT, closing at 91.26, after the US Energy Information Administration (EIA) and OPEC lowered their forecasts for growth in world oil demand in 2013. The … Continue reading →

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