Daily Archives: October 18, 2012

Trading signals for Thursday 18-10-2012

Posted on October 18, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 18-10-2012 11:00 GMT Continue reading →

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AUD/USD: Aussie higher on positive economic data from Australia & China

Posted on October 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.69% against the USD to close at 1.0378, as upbeat housing data in the US fuelled risk appetite. LME Copper prices declined 0.4% or $28.8/MT to $8112.3/MT. Aluminium prices rose 0.1% … Continue reading →

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USD/CAD: Risk appetite weighs on the USD

Posted on October 18, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.76% against the CAD to close at 0.9784, following the release of significantly stronger-than-forecast US housing starts data, while hopes for a Spanish bailout also bolstered risk appetite. In the … Continue reading →

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USD/CHF: Swiss economic sentiment improved in October

Posted on October 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9225. In Switzerland, a survey by the Center for European Economic Research (ZEW) showed that economic sentiment improved to a reading of … Continue reading →

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USD/JPY: Yen fell amid weak Japanese machine tool orders data

Posted on October 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.26% against the JPY and closed at 79.06. Machine tool orders in Japan declined 2.8% (YoY) in September, compared to a 3.0% drop recorded in the previous month. In … Continue reading →

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GBP/USD: Pound gained amid positive UK employment data

Posted on October 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6135, following positive UK employment data and as the minutes of the Bank of England’s meeting revealed that policymakers voted unanimously to leave … Continue reading →

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EUR/USD: Euro trading lower ahead of the European Union summit later today

Posted on October 18, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3112. A spokesperson for Spain’s Prime Minister stated that the country’s stance on a bailout had not changed and the government had not … Continue reading →

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Crude Oil: Crude Oil fell on rising oil inventory, trading higher this morning

Posted on October 18, 2012 by GCI Financial

  Crude Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 91.99, after the weekly oil inventory report showed a bigger-than-expected rise in oil stocks. Yesterday, the US Energy Information Administration reported that … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on October 18, 2012 by GCI Financial

  Silver prices rose marginally to the USD33.13 per ounce during the 24 hours ending 23:00GMT, on fresh speculative demand as well as industrial buying. In the Asian session, at GMT0300, Silver is trading at 33.15, 0.06% higher from yesterday’s … Continue reading →

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Gold: Gold prices expected to rise on speculation of demand from India and firming global trend

Posted on October 18, 2012 by GCI Financial

  Gold prices reversed earlier gains and traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1748.43 per ounce, as the greenback strengthened following the release of significantly better-than-expected US housing data. In the Asian … Continue reading →

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