Monthly Archives: June 2013

Crude Oil: Oil gained on encouraging European PMI data; trading lower this morning

Posted on June 4, 2013 by GCI Financial

  Crude Oil prices rebounded 2.07% against the USD for the 24 hour period ending 23:00GMT, closing at 93.26, as investor sentiment was lifted by manufacturing purchasing managers’ index (PMI) data from European nations, which showed that a downturn in … Continue reading →

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Silver: White metal advanced as the US dollar weakened; trading lower this morning

Posted on June 4, 2013 by GCI Financial

  Silver prices rose 2.17% to the USD22.76 per ounce during the 24 hours ending 23:00GMT, amid a weak dollar. In the Asian session, at GMT0300, Silver is trading at 22.67, 0.40% lower from yesterday’s close. Silver is expected to … Continue reading →

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Gold: Yellow metal trading lower in the Asian session

Posted on June 4, 2013 by GCI Financial

  Gold prices traded higher by 1.64% against the USD in the 24 hour period ending 23:00GMT, at 1413.76 per ounce. In the Asian session, at GMT0300, Gold is trading at 1411.10, 0.19% lower from yesterday’s close. Gold is expected … Continue reading →

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Trading signals as per 03-06-2013

Posted on June 3, 2013 by GCI Financial

FOREX-Signals EUR/USD LONG EUR/GBP SHORT Entry-Limit Buy 1,2985 Entry-Limit Sell 0,8545 Limit SELL 1,3025 Limit BUY 0,8505 Stop SELL 1,2965 Stop BUY 0,8565 USD/JPY LONG EUR/CHF SHORT Entry-Limit Buy 100,30 Entry-Limit Sell 1,2465 Limit SELL 100,70 Limit BUY 1,2430 Stop … Continue reading →

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AUD/USD: Australian AIG PMI rises in May

Posted on June 3, 2013 by GCI Financial

  On Friday, the AUD weakened 0.99% against the USD to close at 0.9572. LME Copper prices declined 0.1% or $4.50/MT to $7241.0/MT. Aluminium prices rose 1.0% or $18.5/MT to $1875.5/MT. In the Asian session, at GMT0300, the pair is … Continue reading →

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USD/CAD: Canadian economy improved in March

Posted on June 3, 2013 by GCI Financial

  On Friday, the USD rose 0.62% against the CAD to close at 1.0367. In a much awaited Canadian gross domestic product data (GDP), the Canadian economy expanded more than market expectations in March, whereby the gross domestic product climbed … Continue reading →

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Gold: Yellow metal retreated as dollar gained strength; trading higher this morning

Posted on June 3, 2013 by GCI Financial

  On Friday Gold prices traded lower by 1.95% against the USD in the period ending 21:00GMT, at 1387.92 per ounce, as the greenback strengthened. On Friday, the World Gold Council indicated that the demand for precious metal in India, … Continue reading →

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USD/CHF: Swiss manufacturing PMI due later today

Posted on June 3, 2013 by GCI Financial

  On Friday, the USD rose 0.56% against the CHF and closed at 0.9601. On the economic front, Switzerland’s KOF leading indicator edged up to a reading of 1.10 in May, from an upwardly revised reading of 1.04 registered in … Continue reading →

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USD/JPY: Capital spending drops in Japan

Posted on June 3, 2013 by GCI Financial

  On Friday, the USD weakened 0.44% against the JPY and closed at 100.67. The first deputy managing director of the International Monetary Fund, David Lipton, stated that the yen’s current depreciation is not problematic if accompanied by fiscal and … Continue reading →

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GBP/USD: Pound moving northwards in the Asian session

Posted on June 3, 2013 by GCI Financial

  On Friday, GBP fell 0.29% against the USD and closed at 1.5183. The greenback advanced as upbeat US economic data raised investor speculation that the Federal Reserve could to taper its stimulus program in the near future. Meanwhile, on … Continue reading →

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EUR/USD: Euro trading higher in today’s morning session

Posted on June 3, 2013 by GCI Financial

  On Friday, EUR declined 0.48% against the USD and closed at 1.2981, as a rise in Euro-zone’s unemployment data disappointed investors, and as upbeat US economic data helped push the greenback higher. Unemployment rate in the Euro-zone rose to … Continue reading →

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