Monthly Archives: January 2014

GBP/USD: UK retail sales soar in December

Posted on January 20, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP rose 0.38% against the USD and closed at 1.6409, after data revealed that the retail sales in the UK increased at the fastest monthly pace since June 2008. According to the Office for National Statistics, … Continue reading →

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EUR/USD: Euro reverses its decline this morning

Posted on January 20, 2014 by GCI Financial

EURUSD Movement On Friday, EUR declined 0.67% against the USD and closed at 1.3525. The release of the uninspiring construction output data from the Euro-zone weighed on the common currency. According to the Eurostat, construction output in the Euro-zone dropped … Continue reading →

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Trading Signals per 17-01-2014

Posted on January 17, 2014 by GCI Financial

FOREX-Signals                       EUR/USD LONG     EUR/GBP LONG                 Entry-Limit Buy 1,3585   Entry-Limit Buy 0,8266 Limit SELL 1,3625   Limit SELL 0,8306 … Continue reading →

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EUR/USD: ECB monthly report indicates accommodative policy stance to continue

Posted on January 17, 2014 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3616. Yesterday, official data confirmed that the inflation in the Euro-zone slowed in December, in-line with analysts’ expectations. According to a report by Eurostat, … Continue reading →

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Crude Oil: OPEC’s per day oil production unexpectedly declines by 20,000 barrels in December

Posted on January 17, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 94.12, after the Organization of Petroleum Exporting Countries (OPEC), in its monthly report, projected the demand for OPEC oil to … Continue reading →

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Silver: White metal trading tad lower in the morning

Posted on January 17, 2014 by GCI Financial

Silver Movement Silver prices declined 0.52% to USD20.13 per ounce during the 24 hours ending 23:00GMT. In a report published on Wednesday, one of the leading brokering houses trimmed its 2014 prices forecast on the white metal by 20% (YoY), … Continue reading →

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Gold: Precious metal extends its gains in the Asian session

Posted on January 17, 2014 by GCI Financial

Gold Movement Gold prices advanced marginally against the USD in the 24 hour period ending 23:00GMT, at 1242.89 per ounce, amid a weaker US Dollar. The safe-haven appeal of the yellow metal received a further boost after the San Francisco … Continue reading →

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AUD/USD: Aussie trading lower in the Asian session

Posted on January 17, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.92% against the USD to close at 0.8822. LME Copper prices rose 0.5% or $36.5/MT to $ 7345.5/MT. Aluminium prices rose 2.2% or $37.0/MT to $ 1752.0/MT. In the … Continue reading →

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USD/CAD: BoC’s current policy appropriate, Canadian PM Stephen Harper

Posted on January 17, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.0934. The Canadian Dollar was supported after a report by Statistics Canada indicated that foreign investors’ investment doubled to CAD 8.66 … Continue reading →

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USD/CHF: Value of Swiss Franc is still high, says SNB’s Jordan

Posted on January 17, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.9052. Yesterday, the Swiss National Bank (SNB) President, Thomas Jordan opined that the cap on the Swiss Franc is set to … Continue reading →

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USD/JPY: Government describes the Japanese economy as “recovering” for 1st time since January 2008

Posted on January 17, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.27% against the JPY and closed at 104.31. Yesterday, Fitch Ratings indicted that the Japan’s increasing current account deficit is a warning that the country needs medium-term fiscal … Continue reading →

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