Monthly Archives: July 2014

Silver: White metal trading lower this morning

Posted on July 14, 2014 by GCI Financial

Silver Movement On Friday, Silver prices rose 0.19% to USD 21.51 per ounce during the period ending 21:00GMT. A leading bank reduced its outlook on silver prices for 2014 to $20.16 per ounce from $20.74. It kept its 2015 outlook … Continue reading →

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Gold: Yellow metal reversed its gains this morning

Posted on July 14, 2014 by GCI Financial

Gold Movement On Friday, Gold prices traded higher by 0.25% against the USD in the period ending 21:00GMT, at 1340.00 per ounce, after the safe haven appeal of the metal continued to rise as conflicts in Ukraine and the Middle … Continue reading →

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AUD/USD: AUD to fall on US rate increase, RBA’s Stevens

Posted on July 14, 2014 by GCI Financial

AUDUSD Movement On Friday, the AUD weakened 0.10% against the USD to close at 0.9385. LME Copper prices rose 0.6% or $41.0/MT to $ 7151.0/MT. Aluminium prices rose 1.1% or $21.0/MT to $ 1906.5/MT. Over the weekend, the Reserve Bank … Continue reading →

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USD/CAD: Loonie trading above its MA’s

Posted on July 14, 2014 by GCI Financial

USDCAD Movement On Friday, the USD rose 0.74% against the CAD to close at 1.0730. The Loonie lost ground after disappointing jobs data from Canada and as crude prices declined. The unemployment rate rose to 7.1% in June, the highest … Continue reading →

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USD/CHF: Swiss Franc reversed its gains in the Asian session

Posted on July 14, 2014 by GCI Financial

USDCHF Movement On Friday, the USD marginally declined against the CHF and closed at 0.8923. In the Asian session, at GMT0300, the pair is trading at 0.8926, with the USD trading tad higher from Friday’s close. The pair is expected … Continue reading →

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USD/JPY: Japanese Yen showing convergence with its MA’s

Posted on July 14, 2014 by GCI Financial

USDJPY Movement On Friday, the USD strengthened 0.11% against the JPY and closed at 101.38. In the Asian session, at GMT0300, the pair is trading at 101.35, with the USD trading marginally lower from Friday’s close. This morning, economic data … Continue reading →

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GBP/USD: UK construction output lost momentum in May

Posted on July 14, 2014 by GCI Financial

GBPUSD Movement On Friday, GBP marginally fell against the USD and closed at 1.7121, after the construction output in the UK unexpectedly shrank in May, adding to speculation that the pace of recovery in the nation has declined. The construction … Continue reading →

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EUR/USD: ECB’s interest rates too low for Germany, Bundesbank’s Jens Weidmann

Posted on July 14, 2014 by GCI Financial

EURUSD Movement On Friday, EUR marginally declined against the USD and closed at 1.3604, as worries on the troubles in the European banking system continued to weigh on the common currency. However, in order to cool down the anxiety following … Continue reading →

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Trading Signals as per 11-July-2014

Posted on July 11, 2014 by GCI Financial

  Pair Action Status Stop Loss Take Profit GBP/USD SELL Active 1.7172 1.7092 GBP/CHF BUY Active 1.5342 1.5262 USD/CAD BUY Active 1.0598 1.0668 AUD/USD BUY Active 0.9348 0.9418 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from many third-party trading signals … Continue reading →

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Crude Oil: OPEC projects its crude oil demand for 2015 to decline

Posted on July 11, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices advanced 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 102.81, reversing its initial losses which were triggered by easing supply concerns from Libya. Yesterday, the OPEC, in its monthly … Continue reading →

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Silver: White metal trading higher this morning

Posted on July 11, 2014 by GCI Financial

Silver Movement Silver prices rose 1.44% to USD 21.47 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 21.5, 0.14% higher from yesterday’s close. Silver is expected to find support at … Continue reading →

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