Monthly Archives: July 2014

Crude Oil: Oil prices trading higher ahead of the API data

Posted on July 15, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 100.93, reversing its initial losses triggered after Libya restored its oil production. However, oil prices climbed, after news emerged that … Continue reading →

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Silver: White metal extends its losses in the Asian session

Posted on July 15, 2014 by GCI Financial

Silver Movement Silver prices declined 2.58% to USD 20.96 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices. In the Asian session, at GMT0300, Silver is trading at 20.95, tad lower from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal trading tad lower ahead of Fed’s Yellen’s testimony

Posted on July 15, 2014 by GCI Financial

Gold Movement Gold prices traded lower by 2.31% against the USD in the 24 hour period ending 23:00GMT, at 1308.50 per ounce, thereby reporting its largest daily drop of 2014, following a rally in global equity markets and amid profit … Continue reading →

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AUD/USD: Aussie continues to be strong, reveals RBA’s minutes

Posted on July 15, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.11% against the USD to close at 0.9395. LME Copper prices marginally rose or $3.5/MT to $ 7154.5/MT. Aluminium prices rose 0.9% or $ 16.5/MT to $ 1923.0/MT. … Continue reading →

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USD/CAD: Canadian housing prices overvalued, warns Fitch

Posted on July 15, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0714. On the macro front, the Teranet and National Bank of Canada reported that housing price index in Canada on a … Continue reading →

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USD/CHF: Swiss Franc trading tad lower in the Asian session

Posted on July 15, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.8918. In the Asian session, at GMT0300, the pair is trading at 0.8922, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/JPY: BoJ maintained its policy and slashes its economic forecast

Posted on July 15, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.16% against the JPY and closed at 101.54. In the Asian session, at GMT0300, the pair is trading at 101.63, with the USD trading 0.09% higher from yesterday’s … Continue reading →

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GBP/USD: UK retail sales growth dropped in June, indicates BRC

Posted on July 15, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.7089. In the Asian session, at GMT0300, the pair is trading at 1.7079, with the GBP trading 0.06% lower from yesterday’s … Continue reading →

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EUR/USD: Overvalued Euro might pose a risk to recovery, says ECB’s Draghi

Posted on July 15, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.3621. Yesterday, the ECB Chief, Mario Draghi expressed concerns over a stronger Euro and urged that it would hurt the recovery … Continue reading →

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Trading Signals as per 14-July-2014

Posted on July 14, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit EUR/CHF BUY Active 1.2109 1.2154 EUR/USD SELL Active 1.3659 1.3614 EUR/GBP SELL Active 0.7989 0.7944 USD/CHF BUY Active 0.8893 0.8938 USD/JPY BUY Active 100.66 101.65 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading →

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Crude Oil: Oil estimates to decline in the remainder of 2014, IEA

Posted on July 14, 2014 by GCI Financial

Crude Oil Movement On Friday, Crude Oil prices declined 2.09% against the USD for the period ending 21:00GMT, closing at 100.66, after oil supplies from Libya continued to rise, while supplies from Iraq too did not decline due to the … Continue reading →

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