Daily Archives: October 16, 2012

Trading signals for Tuesday 16-10-2012

Posted on October 16, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 16-10-2012 11:00 GMT Continue reading →

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AUD/USD: RBA minutes indicates a further decline in interest rates

Posted on October 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.41% against the USD to close at 1.0264, ahead of a release of a board meeting minutes by the Reserve Bank of Australia (RBA). LME Copper prices declined 0.6% or $49.0/MT … Continue reading →

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USD/CAD: Pair trading higher in the Asian session ahead of US CPI data

Posted on October 16, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9811. The Canadian Real Estate Association (CREA) reported that Canadian existing home sales rose 2.5% (MoM) in September, marking its first monthly gain … Continue reading →

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Crude Oil: Oil trading lower this morning ahead of the API inventory data due later today

Posted on October 16, 2012 by GCI Financial

  Crude Oil prices advanced 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 91.73, amid supply concerns due to North Sea oil production delays and tighter sanctions on Iran from the European Union. In the … Continue reading →

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USD/CHF: Swiss Franc trading lower this morning after yesterday’s rise

Posted on October 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9320. Switzerland’s producer and import price index rose 0.3% (MoM) in September, compared to a 0.5% rise in August, while on an … Continue reading →

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USD/JPY: Dollar extended its previous session gains this morning

Posted on October 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.41% against the JPY and closed at 78.79, after the US retail sales rose in September. Meanwhile, in Japan, industrial production dropped 1.6% (MoM) in August, compared to a … Continue reading →

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GBP/USD: Trading lower this morning as investors await the inflation data in the UK

Posted on October 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6080. In the Asian session, at GMT0300, the pair is trading at 1.6069, with the GBP trading 0.07% lower from yesterday’s close. The … Continue reading →

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EUR/USD: Euro trading lower this morning ahead of a string of economic releases in the Euro-zone

Posted on October 16, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.26% against the USD and closed at 1.2968. Yesterday, investors were left disappointed as Spain did not request financial aid over the weekend and as investors speculated that request for … Continue reading →

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Silver: White metal trading higher this morning

Posted on October 16, 2012 by GCI Financial

  Silver prices rose 1.27% to the USD32.70 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.79, 0.29% higher from yesterday’s close. Silver is expected to find support at 32.44, … Continue reading →

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Gold: Gold declined amid global growth concerns, trading higher this morning

Posted on October 16, 2012 by GCI Financial

  Gold prices traded lower by 0.36% against the USD in the 24 hour period ending 23:00GMT, at 1736.28 per ounce, amid concern that the global economy is slowing and that China may refrain from additional economic stimulus. Moreover, an … Continue reading →

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