Daily Archives: October 25, 2012

Trading signals for Thursday 25-10-2012

Posted on October 25, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 25-10-2012 11:00 GMT Continue reading →

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AUD/USD: Pair trading higher in the Asian session

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.74% against the USD to close at 1.0344. LME Copper prices declined marginally or $0.3/MT to $7860.3/MT. Aluminium prices declined 0.3% or $6.5/MT to $1906.8/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CAD: Greenback trading lower against the Canadian Dollar

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 0.9944. The Canadian dollar came under pressure after the Bank of Canada Governor, Mark Carney stated that the need for higher interest rates … Continue reading →

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USD/CHF: Pair trading lower in the Asian session

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9329. The US Federal Reserve (Fed), in its latest monetary policy meeting, pledged to maintain its key interest rate unchanged at 0.25% at … Continue reading →

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USD/JPY: Dollar strengthened amid a surge in US new home sales

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 79.85, following a rise in new home sales in the US. On the economic front, new home sales in the US rose 5.7% … Continue reading →

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GBP/USD: Trading higher ahead of UK’s GDP report

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.51% against the USD and closed at 1.6030, as expectations for more easing by the Bank of England waned following remarks late Tuesday by the central bank’s Governor, Mervyn King. According … Continue reading →

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EUR/USD: Euro recorded losses amid weak Euro-zone and German economic data, trading higher this morning

Posted on October 25, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.07% against the USD and closed at 1.2965, weighed down by weak economic data in the Euro-zone and Germany. Yesterday, the European Central Bank President, Mario Draghi defended central bank’s plan … Continue reading →

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Silver: White metal trading lower in the Asian session

Posted on October 25, 2012 by GCI Financial

  Silver prices rose 0.26% to the USD31.89 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.87, 0.06% lower from yesterday’s close. Silver is expected to find support at 31.58, … Continue reading →

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Gold: Yellow metal continued its yesterday’s losses

Posted on October 25, 2012 by GCI Financial

  Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1706.95 per ounce, after the US Federal Reserve concluded its 2-day meeting yesterday and, as expected, made no change to its highly … Continue reading →

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Crude Oil: Oil declined on surging US crude stocks, weak data from Europe, trading higher this morning

Posted on October 25, 2012 by GCI Financial

  Crude Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 85.77, as rising US crude inventories and weak Euro-zone economic data sparked fresh demand concerns. Yesterday, the US Energy Information Administration reported … Continue reading →

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