Monthly Archives: December 2013

Silver: White metal pares its gains in the Asian trading hours

Posted on December 11, 2013 by GCI Financial

Silver Movement Silver prices rose 2.95% to USD20.40 per ounce during the 24 hours ending 23:00GMT, on fresh buying by industrial units and coin makers. In the Asian session, at GMT0400, Silver is trading at 20.29, 0.54% lower from yesterday’s … Continue reading →

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Gold: Gold trading lower in the Asian session, following yesterday’s surge

Posted on December 11, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 1.80% against the USD in the 24 hour period ending 23:00GMT, at 1262.29 per ounce, amid broad weakness in the US Dollar. In the Asian session, at GMT0400, Gold is trading at 1256.73, … Continue reading →

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USD/CAD: “High level of house-hold debt a threat to financial stability” says BoC

Posted on December 11, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CAD to close at 1.0606. The Canadian Dollar gained ground against the US Dollar after price of crude-oil, Canada’s largest exported commodity, climbed to a … Continue reading →

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USD/CHF: Swiss Franc steady in the Asian session

Posted on December 11, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.34% against the CHF and closed at 0.8873, amid lingering uncertainty over Fed’s pace of stimulus measures. In the Asian session, at GMT0400, the pair is trading at … Continue reading →

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USD/JPY: Yen extends its gains in the morning session

Posted on December 11, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.47% against the JPY and closed at 102.80. In economic news, a report showed that Japan’s machine tools orders rose 15.4% (YoY) in November, compared to an 8.4% … Continue reading →

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GBP/USD: NIESR UK GDP estimate rose 0.8% in the three months to November

Posted on December 11, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.6457, after the National Institute of Economic and Social Research (NIESR) estimated the UK economy to have grown 0.8% in the three … Continue reading →

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EUR/USD: ECB Chief, Mario Draghi calls for banking union

Posted on December 11, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.20% against the USD and closed at 1.3764, after the European Central Bank (ECB) President, Mario Draghi, eased concerns over threats of low inflation in the Euro-zone economy, by … Continue reading →

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Trading Signals per 10-12-2013

Posted on December 10, 2013 by GCI Financial

FOREX-Signals                       EUR/USD SHORT     EUR/GBP LONG                 Entry-Limit Sell 1,3765   Entry-Limit Buy 0,8343 Limit BUY 1,3725   Limit SELL 0,8383 … Continue reading →

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Crude Oil: Crude trading higher in the Asian session, following yesterday’s sell-off

Posted on December 10, 2013 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at 97.37, after three eminent Fed officials stated that the central bank could begin tapering down its stimulus program at its … Continue reading →

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Silver: White metal extends its gains in the Asian session

Posted on December 10, 2013 by GCI Financial

Silver Movement Silver prices rose 1.09% to USD19.81 per ounce during the 24 hours ending 23:00GMT, mirroring gains in the prices of industrial metals. In the Asian session, at GMT0400, Silver is trading at 19.85, 0.17% higher from yesterday’s close. … Continue reading →

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Gold: Precious metal maintains its shine in the morning session

Posted on December 10, 2013 by GCI Financial

Gold Movement Gold prices traded higher by 0.67% against the USD in the 24 hour period ending 23:00GMT, at 1239.97 per ounce, amid bargain hunting. However, the gold prices dropped after a few key Fed policymakers, hinted that a recent … Continue reading →

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