Monthly Archives: October 2012

GBP/USD: Pound gains on Mario Draghi’s comments, BoE support

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.6186, as encouraging comments by European Central Bank (ECB) President, Mario Draghi boosted market sentiment while the Pound remained supported after the Bank of … Continue reading →

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USD/JPY: BoJ keeps policy steady but cuts economic assessment

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.09% against the JPY and closed at 78.52. In the Asian session, at GMT0300, the pair is trading at 78.46, with the USD trading 0.08% lower from yesterday’s close. Today … Continue reading →

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EUR/USD: Euro rises on ECB’s stance to start buying bonds

Posted on October 5, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.73% against the USD and closed at 1.3017, after European Central Bank (ECB) President, Mario Draghi reiterated that the single currency is “irreversible” and said that he remained committed to preserving … Continue reading →

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Trading signals for Thursday 04-10-2012

Posted on October 4, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 04-10-2012 11:00 GMT Continue reading →

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Crude Oil: Continues its fall amid demand concern

Posted on October 4, 2012 by GCI Financial

Crude Oil prices declined 3.62% against the USD for the 24 hour period ending 23:00GMT, closing at 88.34, amid demand concern following weak economic data from Euro-zone and China. Meanwhile, the Energy Information Administration (EIA) reported a decline of 500,000 … Continue reading →

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Silver: Trading higher in the Asian session

Posted on October 4, 2012 by GCI Financial

Silver prices rose 0.50% to the USD 34.71 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.79, 0.23% higher from yesterday’s close. Silver is expected to find support at 34.57, … Continue reading →

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Gold: Yellow metal continues to rise this morning

Posted on October 4, 2012 by GCI Financial

Gold prices traded higher by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1780.06 per ounce. In the Asian session, at GMT0300, Gold is trading at 1781.52, 0.08% higher from yesterday’s close. Gold is expected to … Continue reading →

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AUD/USD: Aussie fell after Australian trade deficit widened in August

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0229, after data showed that Australian trade deficit widened in August. LME Copper prices declined 0.8% or $63.3/MT to $8275.8/MT. Aluminium prices declined 1.6% … Continue reading →

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USD/CAD: Loonie marginally higher ahead of Canadian PMI data

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 0.9867. Yesterday, the Canadian Finance Minister, Jim Flaherty, stated that he is optimistic that the US would avoid the so-called “fiscal cliff”, indicating … Continue reading →

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USD/CHF: CHF trading steady ahead of the Swiss industrial production data

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CHF and closed at 0.9379, after ADP Employment Report indicated that 162,000 private sector jobs in the US were added in September, surpassing expectations for an increase … Continue reading →

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USD/JPY: Dollar extends its gain against Yen in the Asian session

Posted on October 4, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.31% against the JPY and closed at 78.46, after the Institute of Supply Management (ISM) reported that its services Purchasing Managers Index (PMI) rose to 55.1 in September from a … Continue reading →

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