Daily Archives: October 24, 2012

Trading signals for Wednesday 24-10-2012

Posted on October 24, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 24-10-2012 11:00 GMT Continue reading →

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AUD/USD: Aussie strengthens on upbeat domestic CPI data, growth in China factory sector

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 1.0268, after data indicated that the leading economic index in Australia declined for August. Additionally, traders turned cautious after Moody’s downgraded its credit … Continue reading →

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USD/CAD: BoC warns of rate increase, flags debt concerns, pair trading lower this morning

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9927. Yesterday, the Bank of Canada (BoC) kept its interest rate at 1.0% for the 17th consecutive time. However, it indicated that … Continue reading →

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USD/CHF: Greenback erases gains this morning

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9330. In the US, the Federal Reserve Bank of Richmond reported that its manufacturing index retreated to a reading of -7 in … Continue reading →

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USD/JPY: Trading flat this morning

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 79.82. On the economic front, Japan’s small business confidence survey registered a reading of 43.7 in September, compared to a reading of … Continue reading →

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GBP/USD: BoE ready to add stimulus if positive signs fade, indicates Mervyn King

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5948. Earlier, the Pound traded higher, after reports showed that mortgage approvals in the UK rose more-than-expected to 31,175 in September, hitting a … Continue reading →

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EUR/USD: Investors trade cautiously ahead of Euro-zone’s manufacturing and service sector data

Posted on October 24, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.74% against the USD and closed at 1.2974, a day after ratings agency Moody’s lowered the credit ratings of Catalonia and four other Spanish regions, citing their worsening liquidity positions … Continue reading →

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Crude Oil: Crude Oil rises in Asian session after China data

Posted on October 24, 2012 by GCI Financial

  Crude Oil prices declined 2.84% against the USD for the 24 hour period ending 23:00GMT, closing at 86.69, as investors dumped the commodity due to global growth fears. Oil’s losses accelerated after stocks on Wall Street opened with heavy … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on October 24, 2012 by GCI Financial

  Silver prices declined 1.80% to the USD31.81 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.95, 0.47% higher from yesterday’s close. Silver is expected to find support at 31.56, … Continue reading →

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Gold: Precious metal erases yesterday’s losses, brushes off Spanish concern, US earnings

Posted on October 24, 2012 by GCI Financial

  Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1711.15 per ounce, as investors opted for safe haven US Dollar, after Moody’s slapped credit-rating downgrades on the Spanish regions of Andalucia, … Continue reading →

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