Daily Archives: January 16, 2013

Trading signals for Wednesday 16-01-2013

Posted on January 16, 2013 by GCI Financial

Forex, Commodities and Index signals for Wednesday 16-01-2013 11:00 GMT Continue reading →

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GBP/USD: Pound reverses previous session losses

Posted on January 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6062, as market sentiment was hit by concerns over the US debt ceiling debate. In the UK economic news, the retail price index … Continue reading →

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USD/CHF: Swiss Franc trading higher this morning

Posted on January 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 1.17% against the CHF and closed at 0.9323, following the release of upbeat US retail sales data In the US, retail sales rose by 0.5% (MoM) in December, following … Continue reading →

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USD/JPY: Machine orders increase in Japan

Posted on January 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.69% against the JPY and closed at 88.84. The Japanese Yen rose after nation’s Economy Minister, Akira Amari stated that the nation faces risks from any excessive decline in … Continue reading →

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EUR/USD: Euro retreated as debt ceiling fears bolstered demand for the greenback

Posted on January 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR fell 0.59% against the USD and closed at 1.3298, as investors avoided riskier currencies amid US debt ceiling concerns. Concerns heightened after Fitch Ratings reiterated its warning that a delay in … Continue reading →

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USD/CAD: Existing home sales decreased in Canada

Posted on January 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9845. Existing home sales in Canada fell 0.5% (MoM) in December, following a 1.7% decline recorded in the previous month. In the … Continue reading →

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AUD/USD: Consumer confidence index improves in Australia

Posted on January 16, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0560. LME Copper prices declined 1.1% or $85.3/MT to $7944.5/MT. Aluminium prices declined 2.9% or $60.0/MT to $2002.3/MT. In the Asian session, at … Continue reading →

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Crude Oil: Trading higher in the Asian session

Posted on January 16, 2013 by GCI Financial

  Crude Oil prices declined 0.71% against the USD for the 24 hour period ending 23:00GMT, closing at 93.44, as the sixth straight contraction in the US New York-area manufacturing sector and fight over the US debt ceiling stoked concerns … Continue reading →

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Silver: White metal trading above its MA’s

Posted on January 16, 2013 by GCI Financial

  Silver prices rose 0.96% to the USD31.37 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.44, 0.21% higher from yesterday’s close. Silver is expected to find support at 31.14, … Continue reading →

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Gold: Gold gained following news of repatriation of gold reserves by the Bundesbank

Posted on January 16, 2013 by GCI Financial

  Gold prices traded higher by 0.67% against the USD in the 24 hour period ending 23:00GMT, at 1679.15 per ounce, boosted by the news that Germany’s central bank would repatriate some $200 billion (£125 billion) of gold reserves it … Continue reading →

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