Monthly Archives: January 2013

USD/CAD: Canadian dollar trading lower ahead of the BoC interest rate decision

Posted on January 23, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9920. Canadian retail sales data was mixed, as core retail sales data came well below forecast but overall retail sales made a … Continue reading →

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Crude Oil: Pulls back this morning, however holds on buoyant economic sentiment

Posted on January 23, 2013 by GCI Financial

  Crude Oil prices advanced 1.53% against the USD for the 24 hour period ending 23:00GMT, closing at 96.80, as prospects for stronger oil demand increased after economic sentiment improved in Germany and the Euro-zone. The Bank of Japan announcement … Continue reading →

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Silver: Silver trading reverses its previous session gains

Posted on January 23, 2013 by GCI Financial

  Silver prices rose 0.54% to the USD32.21 per ounce during the 24 hours ending 23:00GMT, taking cues from yellow metal to trade on a positive note. Also industrial metals and base metals traded in the green after easing by … Continue reading →

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Gold: Gold gained as the BOJ announced stimulus

Posted on January 23, 2013 by GCI Financial

  Gold prices traded higher by 0.15% against the USD in the 24 hour period ending 23:00GMT, at 1692.95 per ounce, after the Bank of Japan indicated that it would introduce open-ended asset purchases from 2014, thereby boosting speculation that … Continue reading →

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Trading signals for Tuesday 22-01-2013

Posted on January 22, 2013 by GCI Financial

Forex, Commodities and Index signals for Tuesday 22-01-2013 11:00 GMT Continue reading →

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EUR/USD: Euro trading higher this morning

Posted on January 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR fell marginally against the USD and closed at 1.3310. Trading remained subdued as US market remained closed yesterday for the Martin Luther King, Jr. holiday. Yesterday, Jens Weidmann, the President of … Continue reading →

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GBP/USD: Pair trading between its MA’s

Posted on January 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5835, amid persistent concerns over the faltering economic recovery in the UK. In the Asian session, at GMT0400, the pair is trading at … Continue reading →

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USD/JPY: BoJ adopts 2% inflation target

Posted on January 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened 0.60% against the JPY and closed at 89.64. In economic news, convenience store sales in Japan fell 2.0% (YoY) in December, slower than the 2.5% decline recorded in the … Continue reading →

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USD/CHF: Swiss industrial output growth slows in Q3

Posted on January 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CHF and closed at 0.9347. Switzerland’s industrial production increased 2.2% annually in Q3 FY2012, lower than the revised 4.7% rise registered in the Q2 FY2012. Separately, … Continue reading →

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USD/CAD: Wholesales sales rose in Canada

Posted on January 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9929. Wholesales sales in Canada climbed 0.7% (MoM) in November, compared to a downwardly revised 0.8% growth recorded in the previous month. … Continue reading →

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AUD/USD: Australian Dollar trading higher in the Asian session

Posted on January 22, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.11% against the USD to close at 1.0515. LME Copper prices declined 0.4% or $31.8/MT to $8020.3/MT. Aluminium prices declined 1.0% or $21.0/MT to $2000.3/MT. In the Asian session, at … Continue reading →

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