Monthly Archives: February 2013

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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Trading signals for Wednesday 20-02-2013

Posted on February 20, 2013 by GCI Financial

Forex, Commodities and Index signals for Wednesday 20-02-2013 11:00 GMT Continue reading →

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EUR/USD: Euro gained on upbeat German, Euro-zone economic sentiment data

Posted on February 20, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.34% against the USD and closed at 1.3395, as investors ditched the safe haven greenback and opted for the higher yielding single currency after the German and the Euro-zone’s economic sentiment … Continue reading →

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GBP/USD: Pound trading higher ahead of the BoE minutes

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.33% against the USD and closed at 1.5427. In the Asian session, at GMT0400, the pair is trading at 1.5443, with the GBP trading 0.1% higher from yesterday’s close, as … Continue reading →

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USD/JPY: Doubts over monetary outlook lends helping hand to Yen

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 0.10% against the JPY and closed at 93.71. On the Japanese economic front, the leading economic index rose to a reading of 93.4 in December, following a downwardly revised … Continue reading →

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USD/CAD: Disappointing Canadian wholesale sales cast shadow on the local currency

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD to close at 1.0119. The Canadian Dollar weakened as a drop in Canadian wholesale sales in December added to concerns over the outlook for the … Continue reading →

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AUD/USD: Australian Dollar continues to capitalize on latest RBA minutes

Posted on February 20, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 1.0347, following the release of more positive Reserve Bank of Australia’s (RBA) minutes than had been anticipated. The minutes indicated that the bank … Continue reading →

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