Monthly Archives: February 2014

GBP/USD: UK Pound trading marginally higher in the Asian session

Posted on February 24, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP fell 0.14% against the USD and closed at 1.6638 after data showed that the UK retail sales fell more-than-expected 1.5% (MoM) in January, the most since 2012 and compared to a 2.5% (MoM) rise registered … Continue reading →

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EUR/USD: ECB ready to act if price-outlook deteriorates, hints ECB Chief, Mario Draghi

Posted on February 24, 2014 by GCI Financial

EURUSD Movement On Friday, EUR rose 0.14% against the USD and closed at 1.3740. However, the gains in the Euro were capped after the ECB President, Mario Draghi, reiterated his earlier stance to act appropriately and take proper measures, if … Continue reading →

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Trading Signals per 21-02-2014

Posted on February 21, 2014 by GCI Financial

FOREX-Signals                       EUR/USD LONG     EUR/GBP LONG                 Entry-Limit Buy 1,3690   Entry-Limit Buy 0,8216 Limit SELL 1,3730   Limit SELL 0,8256 … Continue reading →

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Crude Oil: EIA reported a less than expected rise in the US weekly crude supplies

Posted on February 21, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 102.80 after the Energy Information Administration (EIA) reported 973,000 barrels rise in the US crude supplies to 362.3 million, the … Continue reading →

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Silver: White metal trading below its MA’s

Posted on February 21, 2014 by GCI Financial

Silver Movement Silver prices rose 0.94% to USD 21.80 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 21.62, 0.82% lower from yesterday’s close. Silver is expected to find support at … Continue reading →

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Gold: Yellow metal reverses its direction in the Asian trading hours

Posted on February 21, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.75% against the USD in the 24 hour period ending 23:00GMT, at 1322.27 per ounce, after data indicated a less-than-expected rise in employees claiming jobless benefits last week while the US consumer prices … Continue reading →

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AUD/USD: Aussie trading lower amid a lack of economic data from Australia

Posted on February 21, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.14% against the USD to close at 0.9007. LME Copper prices declined 0.5% or $35.0/MT to $7185.0/MT. Aluminium prices fell 0.5% or $9.0/MT to $1717.5/MT. In the Asian … Continue reading →

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USD/CAD: Loonie trading lower, with focus on Canada’s inflation data

Posted on February 21, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.1102. In the Asian session, at GMT0400, the pair is trading at 1.1127, with the USD trading 0.23% higher from yesterday’s … Continue reading →

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USD/CHF: Swiss Franc trading tad higher ahead of SNB monthly statistical bulletin

Posted on February 21, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.8894. In economic news, a report showed that Switzerland’s trade surplus widened more-than-expected to CHF2.59 billion in January, compared to a … Continue reading →

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USD/JPY: BoJ’s accommodative policy need not end in two years, indicated BoJ’s minutes

Posted on February 21, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 102.32. Yesterday, the Bank of Japan (BoJ) Board Member, Yoshihisa Morimoto, opined that, despite the soft external demand, he did not … Continue reading →

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GBP/USD: Interest rate in the UK to rise as soon as the spring of 2015, indicated BoE’s Weale

Posted on February 21, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.1% against the USD and closed at 1.6662. However, the losses in the British Pound were kept in check after the Bank of England (BoE) policymaker, Martin Weale hinted … Continue reading →

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