Monthly Archives: July 2013

Gold: Gold losing ground in the Asian session

Posted on July 4, 2013 by GCI Financial

Gold prices traded higher by 0.97% against the USD in the 24 hour period ending 23:00GMT, at 1255.54 per ounce. In the Asian session, at GMT0300, Gold is trading at 1254.50, marginally lower from yesterday’s close. Gold is expected to … Continue reading →

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Trading Signals as per 03-07-2013

Posted on July 3, 2013 by GCI Financial

FOREX-Signals                       EUR/USD SHORT     EUR/GBP LONG                 Entry-Limit Sell 1,2965   Entry-Limit Buy 0,8494 Limit BUY 1,2925   Limit SELL 0,8534 … Continue reading →

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Crude Oil: Oil advanced amid escalating tensions in Egypt

Posted on July 3, 2013 by GCI Financial

  Crude Oil prices advanced 1.71% against the USD for the 24 hour period ending 23:00GMT, closing at 99.75, as investors fretted that political turmoil in Egypt could disrupt oil supplies from the Middle East. Separately, the American Petroleum Institute … Continue reading →

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Silver: Silver trading higher after yesterday’s fall

Posted on July 3, 2013 by GCI Financial

  Silver prices declined 1.08% to the USD19.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 19.49, 0.25% higher from yesterday’s close. Silver is expected to find support at 19.23, … Continue reading →

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Gold: Gold traders cautious ahead of central bank meetings

Posted on July 3, 2013 by GCI Financial

  Gold prices traded lower by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1243.45 per ounce, as the greenback strengthened and ahead of both the European Central Bank and the Bank of England’s policy decision … Continue reading →

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

Posted on July 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 1.11% against the USD to close at 0.9139. LME Copper prices rose 0.9% or $63.0/MT to $6980.0/MT. Aluminium prices rose 2.2% or $38.5/MT to $1792.5/MT. In the Asian session, at … Continue reading →

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USD/CAD: Loonie trading higher this morning, Canadian trade balance data awaited

Posted on July 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.0552. In the Asian session, at GMT0300, the pair is trading at 1.0542, with the USD trading marginally lower from yesterday’s close. … Continue reading →

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USD/CHF: Swissy moving higher in the Asian session

Posted on July 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.65% against the CHF and closed at 0.9514. In the Asian session, at GMT0300, the pair is trading at 0.9504, with the USD trading 0.11% lower from yesterday’s close. … Continue reading →

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USD/JPY: Yen breaches 100 per Dollar

Posted on July 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD strengthened 1.16% against the JPY and closed at 100.78, following better-than-expected US factory orders data. In the Asian session, at GMT0300, the pair is trading at 100.73, with the USD … Continue reading →

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GBP/USD: Pound dropped on tepid UK construction PMI data

Posted on July 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP fell 0.43% against the USD and closed at 1.5151. The Pound came under pressure as a lower-than-expected rise in the UK construction Purchasing Managers’ Index in June disappointed investors. Separately, in … Continue reading →

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EUR/USD: Euro trading below the 1.3000 level

Posted on July 3, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD and closed at 1.2975. The greenback registered gains following a 2.1% (MoM) surge in the US factory orders in May. However, the New York City current … Continue reading →

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