Daily Archives: February 21, 2013

Trading signals for Thursday 21-02-2013

Posted on February 21, 2013 by GCI Financial

Forex, Commodities and Index signals for Thursday 21-02-2013 11:00 GMT Continue reading →

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EUR/USD: Greenback rose on FOMC minutes

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.92% against the USD and closed at 1.3273, after the minutes of the Federal Reserve’s latest monetary policy meeting, indicated that monetary authorities are growing more divided as to when … Continue reading →

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GBP/USD: Pound tumbles on BoE minutes

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 1.29% against the USD and closed at 1.5228, as minutes of Bank of England revealed a split in the 9-member Monetary Policy Committee, with three members voting for more easing, … Continue reading →

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USD/CHF: Swiss trade balance data awaited

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.76% against the CHF and closed at 0.9281. In economic news, Switzerland’s economic expectations index rose to a reading of 10.0 in February, from a reading of -6.9 in … Continue reading →

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USD/JPY: Yen advanced on remarks from Prime Minister Shinzo Abe

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 93.69. The Yen gained yesterday after Japan’s Prime Minister, Shinzo Abe reportedly stated that the need to set up a public-private fund … Continue reading →

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USD/CAD: Lonnie retreated on weak Canadian home price data, oil prices

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CAD to close at 1.0175. The Canadian Dollar came under selling pressure after Canadian home prices dropped for the fifth consecutive month and as oil prices … Continue reading →

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AUD/USD: Aussie continues to trade lower in the Asian session

Posted on February 21, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.84% against the USD to close at 1.0260. LME Copper prices declined 0.7% or $60.5/MT to $8009.5/MT. Aluminium prices declined 0.5% or $10.0/MT to $2065.5/MT. In the Asian session, at … Continue reading →

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Crude Oil: Oil prices plunge on rising stockpiles in the US and easing supply concerns from Middle East

Posted on February 21, 2013 by GCI Financial

  Crude Oil prices dropped 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 94.83, amid market rumours that a hedge fund was forced to liquidate substantial commodity positions. Meanwhile, expectations that Saudi Arabia intends to … Continue reading →

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Silver: White metal slumped following disappointing FOMC meeting minutes

Posted on February 21, 2013 by GCI Financial

  Silver prices slipped 2.75% to the USD28.63 per ounce during the 24 hours ending 23:00GMT, as demand for the industrial metal eroded after minutes of the Federal Reserve’s latest meeting showed debate about ending quantitative easing before hiring picks … Continue reading →

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Gold: Yellow metal loses its shine, tumbled well below crucial $1600 per ounce levels

Posted on February 21, 2013 by GCI Financial

  Gold prices slumped by 2.34% against the USD in the 24 hour period ending 23:00GMT, at 1567.68 per ounce, after the rumors that a large commodity hedge fund had been forced to liquidate its commodity holdings. Moreover, prices were … Continue reading →

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