Monthly Archives: October 2012

USD/JPY: Yen trading lower in Asian session

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.14% against the JPY and closed at 78.19. Yesterday, the Bank of Japan (BoJ) Governor, Masaaki Shirakawa, speaking on central bank’s policies and operations on the occasion of the Annual … Continue reading →

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GBP/USD: Trading lower on soft UK data; BoE’s Mervyn King defends low interest rates

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5990, as global growth concerns continued to dampen investor confidence, while weak UK economic data also weighed. The IMF indicated that the UK economy … Continue reading →

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EUR/USD: Trading lower on Draghi’s speech

Posted on October 10, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.2852, as investors sought the safety of the greenback a day the after International Monetary Fund lowered its 2012 and 2013 global growth forecasts. … Continue reading →

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Crude Oil: Trading marginally lower, however supply concerns remain

Posted on October 10, 2012 by GCI Financial

Crude Oil prices advanced 2.19% against the USD for the 24 hour period ending 23:00GMT, closing at 91.96. In the Asian session, at GMT0300, Crude Oil is trading at 91.94, marginally lower from yesterday’s close. Turkey confirmed that it was … Continue reading →

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Silver: Global growth concerns pushes white metal lower

Posted on October 10, 2012 by GCI Financial

Silver prices declined 0.68% to the USD33.88 per ounce during the 24 hours ending 23:00GMT, as the greenback strengthened amid concerns over global economic growth. In the Asian session, at GMT0300, Silver is trading at 33.86, 0.07% lower from yesterday’s … Continue reading →

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Gold: Tad lower this morning

Posted on October 10, 2012 by GCI Financial

Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1765.41 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1764.62, marginally lower from yesterday’s close. … Continue reading →

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Trading signals for Tuesday 09-10-2012

Posted on October 9, 2012 by GCI Financial

Forex, Commodities and Index signals for Tuesday 09-10-2012 11:00 GMT Continue reading →

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USD/CAD: Greenback softens, markets eye European talks

Posted on October 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 0.9763. The greenback rose earlier amid a risk-off session sparked by World Bank and International Monetary Fund cuts to growth forecasts, though profit-taking … Continue reading →

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AUD/USD: IMF downgrades Australia’s growth outlook

Posted on October 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD strengthened 0.42% against the USD to close at 1.0214. LME Copper prices declined 2.0% or $165.3/MT to $8132.8/MT. Aluminium prices declined 2.0% or $41.0/MT to $2046.3/MT. In the Asian session, at GMT0300, … Continue reading →

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USD/CHF: Swiss September consumer prices fell less-than-expected, unemployment rate remained stable

Posted on October 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9328. On the economic front, Switzerland’s seasonally adjusted unemployment rate stood stable at 2.9% in September, against the expectations for a rise to … Continue reading →

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USD/JPY: Yen trading lower this morning

Posted on October 9, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD weakened 0.52% against the JPY and closed at 78.30. In the Asian session, at GMT0300, the pair is trading at 78.40, with the USD trading 0.13% higher from yesterday’s close. Today … Continue reading →

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