Daily Archives: December 6, 2012

Trading signals for Thursday 06-12-2012

Posted on December 6, 2012 by GCI Financial

Forex, Commodities and Index signals for Thursday 06-12-2012 11:00 GMT Continue reading →

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GBP/USD: UK Chancellor revised down economic growth prospects

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6093, as the UK Chancellor, George Osborne revised down his prospects for economic growth. In his autumn statement to the House of Commons, … Continue reading →

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EUR/USD: Euro pressured as S&P downgrades Greece’s credit rating

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.22% against the USD and closed at 1.3071, as weak Euro-zone economic data and a lack luster Spanish bond auction weighed on the common currency. On the economic front, retail … Continue reading →

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USD/CHF: Pair showing convergence this morning

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9263. Meanwhile, the KOF Institute reported that, the economists forecasted 1.2% growth for the Swiss economy next year, down from 1.3% growth … Continue reading →

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USD/CAD: Canadian Dollar rose on hopes for more Chinese stimulus

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 0.9919. The Canadian Dollar closed higher yesterday, as commodity prices rose on optimism that there is more willingness on the part of … Continue reading →

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AUD/USD: Aussie spikes as Australian jobs data beats forecasts

Posted on December 6, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0453, as Australian GDP rose in the Q3 FY2012. LME Copper prices rose 0.4% or $30.8/MT to $8021.5/MT. Aluminium prices declined 0.3% or … Continue reading →

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Crude Oil: Trading lower this morning

Posted on December 6, 2012 by GCI Financial

  Crude Oil prices declined 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 87.88, as concerns about the global economy and oil demand following subdued data from the US and Europe countered supply fears stemming … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on December 6, 2012 by GCI Financial

  Silver prices remained unchanged against the USD32.86 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.90, 0.12% higher from yesterday’s close. Silver is expected to find support at 32.54, … Continue reading →

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USD/JPY: US Dollar trading higher this morning

Posted on December 6, 2012 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.71% against the JPY and closed at 82.42. In the Asian session, at GMT0400, the pair is trading at 82.46, with the USD trading marginally higher from yesterday’s close. The … Continue reading →

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Gold: Yellow metal lower after Goldman cuts outlook

Posted on December 6, 2012 by GCI Financial

  Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1693.68 per ounce, amid persistent worries over the potential shifts in the US tax policy. In the Asian session, at GMT0400, Gold is … Continue reading →

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