Monthly Archives: November 2012

EUR/USD: Euro trading lower despite upbeat Chinese PMI

Posted on November 22, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.40% against the USD and closed at 1.2864. Investors initially sold the Euro after international lenders failed to reach a deal to release emergency aid for Greece, but quickly reversed … Continue reading →

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Crude Oil: Crude Oil trading lower on easing supply concerns

Posted on November 22, 2012 by GCI Financial

  Crude Oil prices advanced 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 87.70, after stockpiles unexpectedly decreased in the US. The US Energy Information Administration indicated that, for the week ended November 16, crude … Continue reading →

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Silver: White metal declined in the Asian session

Posted on November 22, 2012 by GCI Financial

  Silver prices rose 0.81% to the USD33.40 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.35, 0.16% lower from yesterday’s close. Silver is expected to find support at 32.98, … Continue reading →

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Gold: Gold rose amid an increase in gold reserves, trading lower in the Asian session

Posted on November 22, 2012 by GCI Financial

  Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1730.98 per ounce, amid reports that central banks around the world are stocking up their gold reserves. Yesterday, the International Monetary Fund … Continue reading →

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Trading signals for Wednesday 21-11-2012

Posted on November 21, 2012 by GCI Financial

Forex, Commodities and Index signals for Wednesday 21-11-2012 11:00 GMT Continue reading →

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USD/JPY: Japan recorded its worst October trade figures in more than 30 years, trading lower in the Asian session

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 81.74. In economic news, Japan’s department store sales fell 2.4% (YoY) in October, while its all industry activity eased 0.3% (MoM) in September, … Continue reading →

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USD/CHF: Swiss trade surplus widened in October, pair trading higher this morning

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CHF and closed at 0.9403. Switzerland’s trade surplus widened to CHF2.8 billion in October, from a revised CHF1.9 billion surplus in September. Meanwhile, on a monthly basis, … Continue reading →

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USD/CAD: Canadian Dollar trading lower this morning

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9967. In Canada, wholesale sales declined 1.4% (MoM) in September, compared to a downwardly revised 0.3% increase recorded in the previous month. In … Continue reading →

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AUD/USD: Australian Dollar weakened after Glenn Stevens’ signal of further rate cuts

Posted on November 21, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, AUD weakened 0.12% against the USD to close at 1.0388, after the Reserve Bank of Australia Governor, Glenn Stevens, late yesterday hinted that there may be an interest rate cut in coming months. … Continue reading →

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GBP/USD: Pound gained amid optimism over Greece aid, trading lower this morning

Posted on November 21, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD and closed at 1.5923, as investors hoped that the Euro-zone finance ministers would unlock Greece’s next tranche of bailout funds offsetting a downgrade on France by … Continue reading →

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EUR/USD: Euro-zone ministers make progress on Greek debt deal, indicates the Euro-group President

Posted on November 21, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR rose 0.36% against the USD and closed at 1.2812. Yesterday, the Euro-group President, Jean-Claude Juncker, stated that Euro-zone finance ministers have made progress on a package of measures to reduce Greek … Continue reading →

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