Daily Archives: January 3, 2013

Trading signals for Thursday 03-01-2013

Posted on January 3, 2013 by GCI Financial

Forex, Commodities and Index signals for Thursday 03-01-2013 11:00 GMT Continue reading →

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GBP/USD: Sterling rose after UK manufacturing PMI hits 15-month high in December, trading lower this morning

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6251, after reports indicated that the manufacturing purchasing managers’ index (PMI) in the UK rose to a 15-month high of 51.4 in December, … Continue reading →

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EUR/USD: Euro down on dismal European economic data

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.3184, as economic data released yesterday from Europe continued to paint a dire picture for the region. The final purchasing managers index (PMI) … Continue reading →

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USD/JPY: Greenback gives up some gains against the Yen in the Asian session

Posted on January 3, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.77% against the JPY and closed at 87.28, after the US lawmakers passed a bill on Tuesday to avoid the “fiscal cliff”. Additionally, the Yen came under pressure amid expectations … Continue reading →

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Gold: Gold holds on to yesterday’s gains

Posted on January 3, 2013 by GCI Financial

  Gold prices traded higher by 0.98% against the USD in the 24 hour period ending 23:00GMT, at 1687.44 per ounce, after the US policymakers settled a deal to avoid tax hikes that threatened to send the economy back to a … Continue reading →

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AUD/USD: Aussie trading flat after yesterday’s surge

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.97% against the USD to close at 1.0492, after US policymakers forged a deal to avoid huge tax increases and spending cuts, fueling demand for riskier investments. LME Copper prices … Continue reading →

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USD/CAD: Loonie trading between its MA’s

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.84% against the CAD to close at 0.9858. The Canadian Dollar advanced as risk appetite improved after the US lawmakers passed a deficit-reduction plan to avoid automatic austerity that … Continue reading →

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Silver: Silver extended its gains in the Asian session

Posted on January 3, 2013 by GCI Financial

Silver prices rose 2.76% to the USD 31.06 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.12, 0.21% higher from yesterday’s close. Silver is expected to find support at 30.56, … Continue reading →

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USD/CHF: Swiss Franc trading lower ahead of Swiss PMI data

Posted on January 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CHF and closed at 0.9180, after the final manufacturing PMI reading in the US, as reported by Markit, rose to a reading of 54.0 in December, … Continue reading →

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Crude Oil: Oil prices surges as US House passes budget bill; Market awaits US inventory reports

Posted on January 3, 2013 by GCI Financial

Crude Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 92.73, amid rise in demand prospects after the US lawmakers reached a deal to avert automatic tax increases and spending cuts that threatened … Continue reading →

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