Daily Archives: January 4, 2013

Trading signals for Friday 04-01-2013

Posted on January 4, 2013 by GCI Financial

Forex, Commodities and Index signals for Friday 04-01-2013 11:00 GMT Continue reading →

Posted in Trading Signals | Leave a comment

GBP/USD: Trading flat, a series of UK economic data awaited today

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 1.07% against the USD and closed at 1.6077, amid release of weak economic data from the UK. In economic news, the Markit/CIPS construction purchasing managers’ index (PMI) fell to 48.7 … Continue reading →

Posted in GBP/USD | Leave a comment

EUR/USD: Euro cementing gains in the Asians session after yesterday’s fall

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 1.21% against the USD and closed at 1.3025. The USD gained after minutes from the December FOMC meeting indicated that most members saw an end to QE this year. Several … Continue reading →

Posted in EUR/USD | Leave a comment

USD/JPY: FOMC minutes give the USD a boost

Posted on January 4, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.50% against the JPY and closed at 87.72, after minutes of the Federal Reserve’s last meeting suggested the Fed’s asset purchases may likely end this year. Further, the USD added … Continue reading →

Posted in USD/JPY | Leave a comment

USD/CHF: USD backpedals against the Swiss Franc in the Asian session

Posted on January 4, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD rose 1.11% against the CHF and closed at 0.9282. Economic data released in Switzerland was a mixed, with the Swiss manufacturing PMI posting an unexpected rise while the KOF leading economic … Continue reading →

Posted in USD/CHF | Leave a comment

AUD/USD: Aussie down on disappointing service data from Australia & China

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.40% against the USD to close at 1.0449, on broad dollar strength. LME Copper prices rose 0.7% or $15.0/MT to $8140.25/MT. Aluminium prices rose 0.7% or $55.5/MT to $8140.25/MT. In … Continue reading →

Posted in AUD/USD | Leave a comment

Gold: Gold tumble after FOMC minutes

Posted on January 4, 2013 by GCI Financial

Gold prices traded lower by 1.57% against the USD in the 24 hour period ending 23:00GMT, at 1661.04 per ounce, as the dollar strengthened after the FOMC minutes indicated that quantitative easing may be ending this calendar year. In the … Continue reading →

Posted in Gold | Leave a comment

USD/CAD: Loonie trading flat ahead of Canadian unemployment report

Posted on January 4, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 0.9884, after the minutes from the US Federal Reserve’s latest policy meeting revealed that it may end monetary stimulus as early as … Continue reading →

Posted in USD/CAD | Leave a comment

Silver: Silver plunges more than 3% yesterday on firm dollar

Posted on January 4, 2013 by GCI Financial

Silver prices declined 3.03% to the USD30.12 per ounce during the 24 hours ending 23:00GMT, as the greenback strengthened. In the Asian session, at GMT0400, Silver is trading at 29.72, 1.31% lower from yesterday’s close. Silver is expected to find … Continue reading →

Posted in Silver | Leave a comment

Crude Oil: Crude oil losing ground in the Asian session

Posted on January 4, 2013 by GCI Financial

Crude Oil prices traded flat against the USD for the 24 hour period ending 23:00GMT, closing at 92.77. Oil prices came under pressure after the US Federal Reserve policy makers signaled that they may end a stimulus program this year, … Continue reading →

Posted in Crude Oil | Leave a comment