Monthly Archives: October 2013

Crude Oil: API reported a more than expected surge in the weekly US crude inventories

Posted on October 30, 2013 by GCI Financial

Crude Oil prices declined 0.94% against the USD for the 24 hour period ending 23:00GMT, closing at 97.55, hurt by a stronger dollar. Negative sentiment was also fuelled after American Petroleum Institute (API), reported a 5.9 million barrels rise in … Continue reading →

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Silver: White metal extends its gains in the morning session

Posted on October 30, 2013 by GCI Financial

Silver Movement Silver prices rose 0.11% to the USD22.50 per ounce during the 24 hours ending 23:00GMT, tracking gains in the prices of industrial metals. In the Asian session, at GMT0400, Silver is trading at 22.51, marginally higher from yesterday’s … Continue reading →

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Gold: Yellow metal trading steady in the Asian session

Posted on October 30, 2013 by GCI Financial

Gold Movement Gold prices traded lower by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1344.23 per ounce, as a stronger dollar weighed on the demand prospect of the dollar-denominated commodity. In the Asian session, at … Continue reading →

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AUD/USD: Aussie trading tad higher

Posted on October 30, 2013 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 0.9480, after the Reserve Bank of Australia (RBA) Governor, Glenn Stevens, highlighted the possibility for the Aussie to be “materially lower” in … Continue reading →

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USD/CAD: BoC Governor, Poloz halts long-awaited plan for a hike in the interest rate

Posted on October 30, 2013 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.0473. The Canadian Dollar gave up ground against its US counterpart after the Bank of Canada (BoC) Governor, Stephen Poloz, stated … Continue reading →

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USD/CHF: Swiss Franc extends its losses in the Asian session

Posted on October 30, 2013 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CHF and closed at 0.8997. In the Asian session, at GMT0400, the pair is trading at 0.9003, with the USD trading 0.07% higher from yesterday’s … Continue reading →

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USD/JPY: BoJ stimulus favourable for Japan’s economy, indicates IMF’s Jerry Schiff

Posted on October 30, 2013 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.59% against the JPY and closed at 98.21. Yesterday, the International Monetary Fund (IMF) Deputy Director for the Asia-Pacific Department, Jerry Schiff, applauded the positive impact of the … Continue reading →

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GBP/USD: UK mortgage approvals rose the most since February 2008 in September

Posted on October 30, 2013 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.56% against the USD and closed at 1.6050, as investors refrained from taking riskier bets ahead of Fed policy decision, due on Wednesday. Sentiments were also weighed by the … Continue reading →

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EUR/USD: ECB’s Ewald Nowotny sees no chances of an interest rate cut in the near future

Posted on October 30, 2013 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.34% against the USD and closed at 1.3742, as investors’ appetite for risk taking declined after the Bank of Italy Director General, Luigi Signorini, indicated that Italy’s economic growth … Continue reading →

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Trading Signals per 29-10-2013

Posted on October 29, 2013 by GCI Financial

FOREX-Signals                       EUR/USD LONG     EUR/GBP SHORT                 Entry-Limit Buy 1,3753   Entry-Limit Sell 0,8565 Limit SELL 1,3793   Limit BUY 0,8525 … Continue reading →

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EUR/USD: Euro-zone economy out of danger zone, says ECB’s Benoit Coeure

Posted on October 29, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.3789. The US Dollar gained ground against the Euro after a report showed that industrial production in the US rose 0.6% (MoM) in September, … Continue reading →

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