Daily Archives: December 7, 2012

Trading signals for Friday 07-12-2012

Posted on December 7, 2012 by GCI Financial

Forex, Commodities and Index signals for Friday 07-12-2012 11:00 GMT Continue reading →

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EUR/USD: Euro declined as ECB lowered Euro-zone economic growth outlook

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.84% against the USD and closed at 1.2962, after the European Central Bank (ECB) slashed the growth outlook for the 17-nation economy for this year and next. At a press … Continue reading →

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USD/CAD: Canadian PMI declined in November

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9915. Yesterday, the Canadian central bank indicated that the low interest policies that global central banks adopted are adding another layer of … Continue reading →

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GBP/USD: BoE left interest rates at 0.5%, Pound trading higher this morning

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.6048, as investors were disappointed by downbeat comments from European Central Bank President, Mario Draghi and after the Bank of England left its … Continue reading →

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USD/JPY: Japanese foreign reserves declines in November

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 82.45. In the Asian session, at GMT0400, the pair is trading at 82.48, with the USD trading marginally higher from yesterday’s close. … Continue reading →

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USD/CHF: Swiss Franc weighed down by disappointing economic data, trading higher this morning

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.70% against the CHF and closed at 0.9328. In Switzerland, the State Secretariat for Economic Affairs (SECO) reported that the jobless rate, on a seasonally adjusted basis, remained steady … Continue reading →

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AUD/USD: Australian trade deficit widened in November

Posted on December 7, 2012 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0473, buoyed by strong Australian employment data. Yesterday, the Australian Industry Group’s performance of construction index in Australia advanced to a reading of … Continue reading →

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Crude Oil: Crude Oil pressured after ECB lowered growth forecast

Posted on December 7, 2012 by GCI Financial

  Crude Oil prices declined 1.70% against the USD for the 24 hour period ending 23:00GMT, closing at 86.39, after the European Central Bank lowered its euro-area growth forecasts and US lawmakers struggled to reach an agreement on a budget … Continue reading →

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Silver: White metal trading higher in the Asian session

Posted on December 7, 2012 by GCI Financial

  Silver prices rose 0.55% to the USD33.04 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.14, 0.29% higher from yesterday’s close. Silver is expected to find support at 32.70, … Continue reading →

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Gold: Precious metal continues to trade higher this morning

Posted on December 7, 2012 by GCI Financial

  Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1700.40 per ounce. In the Asian session, at GMT0400, Gold is trading at 1703.33, 0.17% higher from yesterday’s close. Gold is expected … Continue reading →

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