Monthly Archives: July 2014

Gold: Yellow metal extends its gains on Euro-zone banking woes

Posted on July 11, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.62% against the USD in the 24 hour period ending 23:00GMT, at 1336.60 per ounce, as the safe haven appeal of the yellow metal was in demand from investors following the failure of … Continue reading →

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AUD/USD: Aussie extends its decline in the Asian session

Posted on July 11, 2014 by GCI Financial

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.19% against the USD to close at 0.9394. LME Copper prices declined 0.9% or $63.0/MT to $ 7110.0/MT. Aluminium prices declined 2.0% or $38.5/MT to $ 1885.5/MT. In … Continue reading →

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USD/CAD: Loonie trading below its MA’s

Posted on July 11, 2014 by GCI Financial

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.0651. On the macro front, new housing price index in Canada advanced 1.5% in May on an annual basis, compared to … Continue reading →

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

Posted on July 11, 2014 by GCI Financial

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.8926. In the Asian session, at GMT0300, the pair is trading at 0.8928, with the USD trading marginally higher from yesterday’s … Continue reading →

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USD/JPY: Too premature to consider QE exit, Japan’s Amari

Posted on July 11, 2014 by GCI Financial

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.33% against the JPY and closed at 101.27. The JPY gained ground after the consumer confidence in Japan improved to its highest level in six months in June. … Continue reading →

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GBP/USD: BoE kept its interest rate unchanged

Posted on July 11, 2014 by GCI Financial

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.15% against the USD and closed at 1.7129, after trade deficit in the UK unexpectedly widened to £2.4 billion in May, raising fears that the strength of the … Continue reading →

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EUR/USD: No urgency for more stimulus measures, says ECB’s Nowotny

Posted on July 11, 2014 by GCI Financial

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.3606, as Euro-zone’s debt-ridden banking sector threw up more concerns following news that Portugal’s biggest bank Banco Espirito Santo failed to … Continue reading →

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Trading Signals as per 10-July-2014

Posted on July 10, 2014 by GCI Financial

Pair Action Status Stop Loss Take Profit GBP/USD SELL Active 1.7202 1.7112 USD/JPY BUY Active 101.18 101.88 USD/CAD SELL Active 1.0702 1.0632 EUR/USD BUY Active 1.3608 1.3678 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from many third-party trading signals that … Continue reading →

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Crude Oil: EIA reports less than expected fall in crude oil inventories

Posted on July 10, 2014 by GCI Financial

Crude Oil Movement Crude Oil prices declined 1.52% against the USD for the 24 hour period ending 23:00GMT, closing at 101.90, after increased supplies from Libya and as supply concerns receded after a leading broker indicated that the current crude … Continue reading →

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Silver: White metal trading higher this morning

Posted on July 10, 2014 by GCI Financial

Silver Movement Silver prices rose 0.40% to USD 21.16 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, Silver is trading at 21.24, 0.38% higher from yesterday’s close. Silver is … Continue reading →

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Gold: Yellow metal extends its gain in the Asian session

Posted on July 10, 2014 by GCI Financial

Gold Movement Gold prices traded higher by 0.67% against the USD in the 24 hour period ending 23:00GMT, at 1328.30 per ounce, amid a broad decline in the US Dollar following the lack of clarity by the Fed’s minutes on … Continue reading →

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